It takes a lot of effort and knowledge to build a flourishing company, especially considering the competition in the current market. As your company grows, you need to transform its strategies in order to meet changing circumstances in the business world. Learn from the experience of some of the most profitable companies in the world and make use of their approaches to business growth. We’ve selected a number of inspiring TED Talks that can help you create sustainable growth for the future.
John Doerr: Why the secret to success is setting the right goals
John Doerr discusses one of the most common reasons for business failure: setting the wrong goals. He explains that analyzing your work should not be complex: You should either say “yes” or “no” when it comes to analyzing whether you’ve achieved your goals. Doerr offers a goal-setting system of Objectives and Key Results, or OKRs, that help businesses thrive. This system has been tested by such great companies as Intel, Google, and Bono, which have proved its effectiveness.
Ray Dalio: How to build a company where the best ideas win
Radical transparency and algorithmic decision-making lead to meaningful work and meaningful relationships between colleagues. Building a company based on transparency — where everyone can speak their mind — can secure a profitable future. Such a strategy not only gives room for employees to speak freely but generates the best ideas: ideas that empower company growth. Finding the smartest people who have the voice to disagree with each other and even with their leaders is the key strategy Ray Dalio presents in this TED Talk.
Joe Gebbia: How Airbnb designs for trust
Prosperous companies are built on trust. In his talk, Joe Gebbia discusses the experience of Airbnb, a company for whom trust is the main source of its existence. Airbnb has already organized more than 123 million hosted nights, proving the power of trust. This example can help you focus on building trustful relationships among your employees, which will improve the quality of your team’s work.
Stefan Gross-Selbeck: Business model innovation: beating yourself at your own game
With digital innovation, the size of your company doesn’t matter. Nowadays, it’s easy to launch a business as long as you have a viable idea. Profitable startups aren’t small versions of big companies. They don’t have a predesigned business model; they discover it on the go. Stefan Gross-Selbeck highlights that discovering new business models is important for new companies to survive. Executing a business model means optimizing it, while discovering and questioning new business models is the key to innovation and prosperity.
Bill Gross: The single biggest reason why startups succeed
Bill Gross talks about analysis he conducted on the success and failure of real companies he worked with. According to the insights Gross presents, among the main factors that trigger business failure are the idea, the team, the business model, funding, and timing. However, he reveals a surprising result: wrong timing causes 42 percent of project failure. Therefore, building a moneymaking business means being sure that the product or service your company produces is what people really need at that time and place.
Epicflow knows how to help you build a successful business. We believe that today’s organizations should make changes faster than ever before. We help businesses in such industries as shipbuilding, manufacturing, healthcare, automotive, telecommunications, and software development to achieve their goals faster through clear focus, effective resource allocation, and flow. Our PM researchers have created Epicflow, a software solution that assists C-levels and PMs in managing several projects at the same time.
If you’re interested in making business decisions based on real-time data and making more money with the same number of resources, you’re welcome to request a demonstration of Epicflow software for managing multiple projects in the form below.