Just days after Yahoo! rejected Microsoft's bid, President Sue Decker unveils Yahoo!'s candid perspective on the news-making deal. Decker also points out the early Internet leader's strategic failures of the past, and details Yahoo!'s reinvention strategies in a competitive, advertising-driven online marketplace.
Just twenty percent of the members in any group or social system own eighty percent of the assets, indicative that scale indicates a growing concentration of power. The top 2,000 companies employ and influences a million people in the modern world, says author David Rothkopf. With cross-ownership and networking in all circles - business, military, religion, and the Internet among them - a few succeed, but the majority of participants within any given system are marginal.
Set the technology time machine to 2002, and you'll see that smart phones were merely on the horizon, Handspring was still in full swing, and the much-acclaimed Treo was following on the coat tails of the Visor and the Palm. In this clip, Jeff Hawkins, the man often credited with bringing about the revolution in mobile computing, gives his perspective on entrepreneurial principals, and some insight into great consumer product design, both with teachable lessons that are still applicable today.
Jeff Hawkins, one of the founders of Handspring, claims to have witnessed teams of entrepreneurs brainstorming a product just for the sake of the sale, and he criticizes this approach. A good product can only be conjured by a genuine need in the marketplace. If there are no holes to fill, says Hawkins, then there is no point to being an entrepreneur.