Company's board of director should be well educated and trained to what to do or how to think if things goes wrong in the future. Once a year, they think of a problem hitting the company's main factory such as fire, then they have to think of a way to get business back to normal in a short time.
In our area they say: those who have good horses in the stable can also go on foot. The secret of resilience is linked to the DNA of the goldsmith's bench. The only symbolic element that creates and maintains any business.
Basic risk management and application of Ansoff's matrix protect larger companies from complacency and stagnation. Where companies go wrong is when they begin to apply black and white bureaucratic management styles that are designed only to appease stakeholders and do not consider long term economic security.
Well actually I was going to say his 15 minute speech could have been simplified into that. Guess it would have made for a pretty boring ted video but he really isn't saying a whole lot
Well said that a company can survive for 100 years if it defends to the changes in the market and competitors by following the principles of immune system but what about bringing changes in the market and creating challenges for the fellow competitors?
All well and good for the upcoming "thinking outside the box" companies.....their greatest hurdle is the "stuck in the mud...I'm not moving" mega oil companies who are not yet ready to let go of their stranglehold on society....who have lasted much longer than the average company.
I think his idea is good but seems a bit incomplete. Management of people, not just systems, plays a large role in the success of businesses. And greater still, the product itself matters too. I don't see where these two very important aspects fit into his model. Without either of these two things, you still have no business.
Sounds like he's advocating anti-competitive behaviour and monopolization of certain markets. Companies are supposed to fail / be disrupted. The consumer loses if they're allowed to acquire potential rivals early and for cheap. Eg Facebook shouldn't have been allowed to buy Whatsapp or Instagram.
+dothedeed Neither an argument nor rewatching the video were or are my intentions. I wanted to know what reasoning brought you to your conclusion, since it was a different one the one I came to.
"Land!... It is the one think their not making more off." OR "Invest!... In what? In gold." (movie references) And the fact is that every time there's a crisis, gold goes up... A lot!
full disclosure I have not yet watched the video. Still I thought I would answer the question as to how to start a business that lasts 100 years. and the answer is to go get some tax benies like GE.
this is so boring, I could not hear more than one minute and I was already sleeping. He talks so slow and speak the same idea for 15 minutes. I will put this before going to bed.
I think his idea is good but seems a bit incomplete. Management of people, not just systems, plays a large role in the success of businesses. And greater still, the product itself matters too. I don't see where these two very important aspects fit into his model. Without either of these two things, you still have no business.
1. Redundancy
2. Diversity
3. Modularity
4. Adaptation
5. Prudance
6. Embeddedness
Video starts at 4:09
You're welcome
Thank you!
Thnk you
Thank you
basically just have a strategy and some backup plans
You would be surprised how that simple advice escapes people.
Saved 10 mins of my life. Cheers. Hope you sleep well knowing you have made a difference to someones life lol
strategic planning, just like that, is no more. now it is strategic planning with a prospective vision.
Be adaptive.
There, I saved you 15 minutes.
@@TheBlackManMythLegend then adapt to the complexity
@@lhdhdeebdhdh 😂😂😂
U da man
Just learn from the world's OLDEST PROFESSION -- provide what people ultimately need.
You just paraphrased what he said.
You just paraphrased what he said.
I loved this. I wish there were more business-related TED talks.
7 years later im sure there are now my friend
@@SuckIt-dg7uh Lol
Very good talk, very insightful and managed to keep me engaged.
Company's board of director should be well educated and trained to what to do or how to think if things goes wrong in the future.
Once a year, they think of a problem hitting the company's main factory such as fire, then they have to think of a way to get business back to normal in a short time.
Loved the example of the immune system
Find a commodity that people need, and can't live without. Food, water, energy.
OR create something people don't really need but make it addicting enough that they cannot live without it.
iPhones in a nutshell
CJusticeHappen21 cryptocurrency?
I am here in 2020 and living in the same town where FujiFilm is leading the race in creating the Covid-19 vaccine. Amazing !!!
In our area they say: those who have good horses in the stable can also go on foot. The secret of resilience is linked to the DNA of the goldsmith's bench. The only symbolic element that creates and maintains any business.
But.. for one company that succeed following his advices, how many will fail ? You have to take that in consideration.
A great talk and information.
To keep business run for many years, we should always add to the existing mechanical thinking a biological thinking.
Where does it start? I’m at 13:05, still not started.
Roses are Red
War is near
We would all be safe
If Harambe was here.
Roses are red
Harambe is dead
TOP KeK BANTER.
2Dank4Me
Roses are blue
Harambe knows how to tie a shoe
Dicks out
I will carry this with me
The best business video I've ever seen.
Very important high-quality lesson. the biology and the same how to build a family fortune business that last 100 years.
this feels like my intro to marketing class
Prudence, diversity, and adaptability....I like it.
one of the most underrated ted talk.
Let's all come back in 100 years to find out whether this is all crap?
good learning experience
Basic risk management and application of Ansoff's matrix protect larger companies from complacency and stagnation.
Where companies go wrong is when they begin to apply black and white bureaucratic management styles that are designed only to appease stakeholders and do not consider long term economic security.
Well actually I was going to say his 15 minute speech could have been simplified into that. Guess it would have made for a pretty boring ted video but he really isn't saying a whole lot
how do i make a reich of a 1000 years?
Maybe listen to what this guy says and take it to heart? Maybe your reich might last 100 thousand years.
Learn to build a foundation and multiple stream income to support one each other legs of your business.
Well said that a company can survive for 100 years if it defends to the changes in the market and competitors by following the principles of immune system but what about bringing changes in the market and creating challenges for the fellow competitors?
See the optic company he mentioned. It was able to disrupt the market again and again by staying ahead of the game through prudence and adaptiveness.
Didn't Princeton ban the word "man"?
In other words, big companies become Pandas who only survive because people like and know about them
Well I thought this video is useless, turned out I was wrong!
Great talk!
How did Ford do it
Great one TED!
Wow, that deserves more views. Amazing!
good video, thanks
so basically don't be resistant to change
💡 "Hey Bob..."
good talk
Great talk, for anyone who's serious about the psychology of starting a business that stands the test of everything including time
All well and good for the upcoming "thinking outside the box" companies.....their greatest hurdle is the "stuck in the mud...I'm not moving" mega oil companies who are not yet ready to let go of their stranglehold on society....who have lasted much longer than the average company.
Genious.
powerful
Damn, is that my dad.
He ded sorry
he sounds like an apple ad
This guy remind me of Jack from Silicon Valley with his "conjoined triangles of success".
dammit jin yang
it is easy to say and difficult to implement this strategy
I think his idea is good but seems a bit incomplete. Management of people, not just systems, plays a large role in the success of businesses. And greater still, the product itself matters too.
I don't see where these two very important aspects fit into his model. Without either of these two things, you still have no business.
People are an intrinsic part of the System. System is not primarily about “Things”…
Sounds like he's advocating anti-competitive behaviour and monopolization of certain markets. Companies are supposed to fail / be disrupted. The consumer loses if they're allowed to acquire potential rivals early and for cheap. Eg Facebook shouldn't have been allowed to buy Whatsapp or Instagram.
And you got that out of this talk how...?
Kronimiciad Good comprehension skills
dothedeed Alright, I let's be more specific.
What parts of this talk indicated to you that he is advocating anti-competitive behavior?
Kronimiciad I have no intention to get in an argument with you. Re-watch the video keeping my points in mind - or don't. Life's short.
+dothedeed Neither an argument nor rewatching the video were or are my intentions. I wanted to know what reasoning brought you to your conclusion, since it was a different one the one I came to.
"Land!... It is the one think their not making more off." OR "Invest!... In what? In gold." (movie references)
And the fact is that every time there's a crisis, gold goes up... A lot!
Fabio Brazza me trouxe aqui
8:58
Why make it last 100 years? Why not at least 1000?
I'm sorry this is boring.
If he would just cut down asking the audience question after question and be more concise.
ليش ما في ترجم عربي
arbic ??
plz
full disclosure I have not yet watched the video. Still I thought I would answer the question as to how to start a business that lasts 100 years.
and the answer is to go get some tax benies like GE.
this guy has too many pauses in his speech
Hehe cool
I love it, I learned a lot and made me think to adapt. kill the bird so it would act like a ball
oh you don't know. It's June 2020 right now and booooy did that influenza virus just do a number on mankind right now.
Yeah he said new strain of influenza 🤔🤔🤔
BUSINESSES FOR 100 YEARS?
HA! WHAT ABOUT PEAK OF OIL?
Lol
Call it a religion instead.
3rd
I want to build a reich that last for 1000 years
51st comment.
this is so boring, I could not hear more than one minute and I was already sleeping. He talks so slow and speak the same idea for 15 minutes. I will put this before going to bed.
Ted talks seem to be getting worse and worse every year...
how?
I am under the impression that this was a good Ted talk.
Aviri Char 😭😂😂😂😂😂
borin
watch at 1.5x speed at least.
I think his idea is good but seems a bit incomplete. Management of people, not just systems, plays a large role in the success of businesses. And greater still, the product itself matters too.
I don't see where these two very important aspects fit into his model. Without either of these two things, you still have no business.
People and products are systems, that's why you don't see it. Search for Systems Thinking to explore it, I really recommend it.