Sunday, May 1, 2011

Thriving in the App Economy

From Friday's,

"... Gartner Research projections that the worldwide "app economy" will grow from $5.2 billion in 2010 to $58 billion by 2014, with the number of app downloads rising from 8.2 billion last year to 26 billion in 2013. ... For every Angry Birds (referring to a game app), there are about a thousand angry developers whose products didn't get discovered, ..."

Compass View
Regardless of the uniqueness of the product or services, those with greater resources and network (the less quality products) usually overwhelm those with less resources and network. ... Sometimes, people get lucky.

How does one thrives in the information economy?

Broadcasting one's signal over the mountains of noises is quite a task. ... Some of us now received a large quantity of input from subscriptions, e-letters, online publications, and solicitations, that we rarely need any more news or business information. In most cases, we do not know what sources to trust.

Conclusively, people just focus on the familiar and ignore the unfamiliar. In most cases, the familiar has a great deal of competition and a short seasonal cycle.

Read and Lead
The key is to read the Big Tangible Picture (BTP). Identify the situation by knowing the order, the sequence and the cycles. ... Lead by utilizing the strategic power to the fullest.

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