It was an iconic race in an Ichanic place. Last week ushered in the inaugural and first-of-its-kind women’s track event, Athlos, at legendary Icahn Stadium. Featuring the fastest women in the world, the largest purse in women’s track history, a giveback structure that rewards athletes more than ever before, and the kind of entertainment swagger…Read More
In 2020, after a Minneapolis police officer murdered George Floyd, protests led by civil rights group Black Lives Matter galvanized corporate America to take action. In the months after, household-name brands, including Microsoft, Uber, Target, and Cisco, publicly pledged to create various internal programs to foster diversity, equity, and inclusion (DEI.) However, companies that once…Read More
Optimizing a device or system means squeezing every drop of productivity out of it. In the short-run, optimization works as long as the world stays the same.
We can optimize a device to work at capacity. However, something working at capacity blows up if you step on the gas when you need 5% more out of it. It’s brittle.
Smart leaders build for resilience instead. Power plants, transit systems, careers–they’re built to be sub-optimal some of the time, with slack built in, so they can thrive all the time.
And the paradox?
If you’re a competitive capital-driven market where little head starts can become bigger leads which can lead to lock in and monopoly, the obvious strategy is to optimize early and often.
Outperforming your more resilient competitors is possible in the short run.
And if you’re lucky a few times in a row, you get access to more capital or more customers and you can do it again, at a bigger scale, leaving your thoughtful, slack-enabled in the dust.
Until you crash.
And you always will. Because optimized systems cannot thrive in a changing world.
If you don’t want to crash, don’t compete in marketplaces where optimization is required.
PS Britain shut its last coal plant yesterday. 140 years ago, coal began its conquest of the world in Britain, and now it’s over. Change is possible.
The latest–and, for now, final debate–of the 2024 presidential election cycle takes place on Tuesday hosted by CBS News. The vice presidential candidates Gov. Tim Walz and Sen. J.D. Vance–respective running mates of Vice President Kamala Harris and former President Donald Trump–will face off in New York City as the sprint towards Election Day enters…Read More
The chief executive and publisher of the left-leaning news publication The New Republic, Michael Caruso, stepped down from his role on Thursday, according to an internal memo obtained by ADWEEK. Caruso took the helm of the 110-year-old publisher in February 2023, following stints at The Hill and The Smithsonian Institute. Brian Groves, director of circulation…Read More
Adtech company Equativ continued its growth trajectory with its acquisition of retail media platform Kamino Retail. The move strengthens Equativ’s capabilities in the retail media sector, which EMarketer expects will reach $140 billion this year. Equativ’s move builds upon its acquisition of Sharethrough in June, with that combination of supply-side platforms creating one of the…Read More
Editor’s note: In this article, ADWEEK deviated from its style of using “Latinx” due to the writer’s preference to use “Latin.” The creator economy is expected to nearly double over the next five years, growing from $250 billion today to an estimated $480 billion by 2027. Creators are now everywhere, in all forms. Cannes Lions,…Read More
Microsoft has partnered with medical note taking software startup Autoscriber to further scale the latter’s software across the EMEA region. The company’s speech-based AI tool frees up large chunks of doctors’ time and allows them to stay focused on their patients during consults. Based out of the Netherlands and South Africa, Autoscriber offers an ambient clinical intelligence (ACI) product that automatically generates summaries from real-time doctor-patient conversations and fills out an Electronic Health Record (EHR). This reduces the time doctors need to spend on admin by 20% to 50%. In actual time, this equals approximately five minutes per consultation. In…
This story continues at The Next Web
On October 22, around the world, I’m helping to organize hundreds of in-person get togethers.
A chance to share your work and have a conversation about your strategy with others. Mutual support and peer connection.
All the details are on this page.
It’s free. A chance to connect and make an impact.
Looking forward, together.
Strength and cardio interval training workout provider Barry’s added some strength to its C-suite with the hiring of Jackie Lamping as chief marketing officer. At Barry’s, Lamping will develop and drive the company’s overall global marketing strategy, overseeing digital marketing efforts and in-studio community marketing initiatives. The company said the goal is for her to…Read More
