Entrepreneurship
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SIX ENTREPRENEURIAL LESSONS FROM THE 2018 WORLD CUP
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id 2018’s World Cup surprise you? Germany, Argentina, Spain and Portugal didn’t get far, and France didn’t play well in all the games but won the Cup. The results surprised millions of football lovers around the globe and in this article Hamid Safaei shares six lessons Entrepreneurs can learn from this year’s World Cup. CHANGE IS THE FUEL OF SURVIVAL The only guarantee in a world of “snapchat” moments is change. Winners are able to initiate change because they are smart enough to recognise a changing wind and follow its direction. Renowned teams such as the Netherlands and Italy did not evolve their soccer teams’ strategies. Consequently, they failed to qualify for the World Cup. Failing to change welcomes failure. In business, the same rules apply: If you resist the inevitable, you are destined to perish. Kodak was once a pioneer in the age of digital cameras but could not cope with the rapid flow of change.
HUMILITY IS THE KEY TO GREATNESS
The big winners of yesterday will be tomorrow’s losers if their leaders do not learn new algorithms to grow to the next level. The movie giant Blockbuster comes to mind: their business model lost out to new comers for not refreshing its strategy and preparing for competition. Startups founded in a basement five to ten years ago, like Uber and Air BnB, are now powerful, multibillion dollar businesses. EFFECTIVE TEAMS MAKE THE DIFFERENCE
In my new book, “FirstClass Volume 4 Issue 4, 201 8
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