Many entrepreneurs fall into the trap of building products that are only marginally better than existing solutions. They hope their innovation will be good enough to woo customers away from existing products. But when it comes to shaking consumers’ old habits, these naive entrepreneurs often find that better products don’t always win—especially if a large number of users have already adopted a competing product. Harvard Professor John Gourville has stated, “Many innovations fail because consumers irrationally overvalue the old while companies irrationally overvalue the new.” For a new product to win out, it can't just be a little better. It has to be much, much better in order to escape customer inertia. Once customers have formed a habit of using a particular product or service, it doesn’t matter if a nominally better service comes along -- they won’t switch. This is why habit-formation is such a powerful tool in business. Habits give the competitive advantage of preventing competitors from snatching your customers away. #Hooked #HabitFormation #Psychology #Behavior #Design …see more

How important is it that nations collaborate right now to battle #COVID19 ? Bill Gates shares his perspective with Chris Anderson on what recovered countries should do, on vaccine projects and the importance of #SocialDistancing while working together. …see more

They were both brilliant. Great friends. Then co-founders. And then couldn’t stand each other. There is always only one spot at the top. Parted ways with wounded feelings. Overtime they healed and became friends again but never again colleagues. The arc of this story is familiar to most. Today’s founders can learn from it while starting up. Relationships get severely stressed in #startups when cofounders have similar skills and clear leader is not acknowledged upfront. Generally when I hear a startup pitch and they say, we are all equal, we make decisions together, it is raises a flag. If cofounder bring different skills and have different ownership responsibilities it works better. …see more

Whether you think you CAN or Whether you think you CAN'T, You are right. - HF #mindset #motivation #success #chantelshares …see more

If you're a "storyteller" start paying attention to the gaming industry. They're doing it right. #justQ 🖖🏽🖤

Unless you want to burn out, you need to learn an essential lesson for your sanity and longevity as a leader: protect your time. ⏰ #leadership #career #timemanagement #time #clarity #productivity #boundaries …see more

From driverless cars through medical drones to artificial intelligence (A.I.), advanced technologies are enhancing the field of emergency medicine. It’s helpful to have a better look at how those technologies are influencing emergency care and what lies ahead. Many thanks to Gabor Csato MD, MSc for the interview and insights! #emergencymedicine #emergencyservices #digitalhealth #future #healthcare …see more

Nothing impacts your general health more than your sleep quality. Improper sleeping habits increase the risk of cancer, suppress the immune system, and even raise probability of Alzheimer’s. Having spent several years experimenting with improving my sleep quality, these are the best tips I can give for bringing the most out of yours. What's your top method for feeling energized for the day? #themedicalfuturist #digitalhealth #future #healthcare #medicine #technology #fromchancetochoice #sleep #sleepquality #sleepmonitoring #sleepmonitor #sleeptracking #sleeptracker #smartalarm #smartsleepalarm …see more

Only one or two years ago, I had the capacity to check every major announcement about machine or deep learning used for medical or healthcare purposes. Now it's practically impossible and even just following the major trends is a huge effort. This means we have heard enough about why A.I. is crucial for healthcare, it's time to have detailed discussions about how it can efficiently contribute to the way we practice medicine. I'll launch several debates about that on my channel in the coming weeks. Here is a summary of advancements in artificial intelligence in medicine and healthcare. A.I. model can find breast cancer earlier and eliminates racial disparities in screening. https://engt.co/2Wv1F2L Machine Learning Predicts Kids at Risk of Not Getting Vaccinated http://bit.ly/2WqINBQ Machine Learning Helps Design Complex Immunotherapies http://bit.ly/2Emvyei Machine learning overtakes humans in predicting death or heart attack http://bit.ly/2EldW2s A.I. Took a Test to Detect Lung Cancer. It Got an A. https://nyti.ms/2EnQ3Yb & http://bit.ly/2EmA3FY #themedicalfuturist #digitalhealth #future #healthcare #medicine #technology #AI #artificialintelligence #chess #deeplearning #machinelearning #TMFchessjourney …see more

FYI, my thoughts on today's stock market selloff...and a simple framework for thinking about what's ahead. (Thank you Bloomberg Opinion for putting this infront of the paywall.) https://lnkd.in/g-Y4Gw8 #markets #economy #investing #investors #stocks #technology #nasdaq #selloff Bloomberg LP #bonds #federalreserve #monetarypolicy #fx #centralbanks #financialmarkets …see more

A Financial Times chart providing a further indication in the "boom in retail investing" as "easy access to the market against the backdrop of wild swings in prices have led to higher trading volumes for stocks and options this year." https://lnkd.in/g_QZ78n #markets #investing #trading #stocks #options #ft …see more

Spotted this morning: The partial re-opening (limited to a few hours each day) of the local beaches. People (and dogs) are taking advantage in what, so far, appears to be a responsible, healthy fashion.

‪Fascinating out of #China though more data are needed to distinguish between a statistical anomaly and the dreaded “W” (namely, a stop-go-stop cycle as attempts to resume more normal economic activity falter due to their too-hasty/too unsynchronized attributes, domestic and global‬). #chinaeconomy #economy #markets …see more

Further to the last post, here’s a Bloomberg chart that captures well what’s happening in the oil complex away from the expiring front contract. The downward pressure is confirmed by the sharp drop in Brent oil which is down hard this morning. Per last night’s post, broader implications, especially if this continues, include higher risk of some corporate/sovereign defaults, job losses, cross-market contagion, etc... #oil #markets #economy #volatility #bloomberg …see more

Comments over the last 24 hours highlight two of the tricky trade-offs facing the Federal Reserve: Those by Minneapolis Fed President Neel Kashkari point to the tension between banks' maintaining safety and soundness of the banking system and the pressure on them to extend more credit; and Those by Dan Loeb's remarks (below) and others in the marketplace are part of a push back against Fed for buying junk bonds, distorting markets, encouraging excessive risk taking and enabling more debt accumulation by high credit risk companies. #markets #federalreserve #fed #bonds #investing #economy #FT …see more

“This tube you see coming out of me is directly connected to my heart and pumps liquid into it, tricking my heart into thinking it’s ok.” I had asked the cab driver what that machine was. I saw the tube sticking out of his side. "Are you ok?"​ He looked at me through his mirror for an extra second or two and then started telling me. The answer was no. “I need a heart transplant,” he said. And then he explained the tube. #UFC #writing #lifestyle …see more

Election Day is only 32 days away. Even if Trump remains asymptomatic, he will have to be isolated for an undetermined period. GZERO Media

The greatest lie we tell ourselves in business is that we live in an era of rapid tech-driven change. The 2nd is that innovation is rife & that Silicon Valley is an engine for new ideas. The world of VC is Inherently: -Risk-averse it finds well-proven business models, often from years ago ( reoccurring revenue, monthly boxes, ad and data supported, direct to consumer etc etc) as a basis for investment. -Backwards looking, as valuations can only be based on multiples of business models with ample historical data to support it -Insular as VC firms look to each other for inspiration, they decide together that 2018 will be the year AI, Voice, or Crypto are the companies to favor, in 2020 it will be about wellness, remote access. They make decisions based on a fear of missing out, not a passion for what can be done. -Tech centric, it’s based on the tech du jour, and ignores any aspect of what consumers would love, or what problems we’ve love solved, or what new possibilities there are to create consumer delight VC has killed real innovation, Silicon Valley is the best place to make money from well-executed poor identikit ideas. Why can’t we have true innovation, people who really want to make things that improve our lives? Why can’t we solve problems in the world? …see more

I just spent a couple of hours sleeping on the cold carpet at Gate 69 of the Delta Air Lines terminal at the Detroit Metro Airport , after my 10:20 pm Sunday flight kept getting delayed. It’s 5 am now, and a fellow passenger just shook me awake to tell me the gate had been changed to number 17. If you’ve never been to the Detroit Airport, let’s just say I’m on target to get my 10,000 steps in today. The flight is now scheduled to leave at 7:30 am, but that’s cool. Because with each step toward the new gate, I was proud of my stamina, of the fact that I am probably more fit now than at any time in the past decade. And I could also hear the Devil hissing, “Dammit—she woke up AGAIN!!!” Thanks to Jessica Menardy, EA, MSA for this special #MondayMotivation — my new life mission statement! #WakeUpAndWorkOut #HealthIsWealth #NoWaysTired #LetsGetThisWeekStarted #BringItOn …see more

Today is the Day of Reconciliation in South Africa. We have made some strides to overcome the inequality and inequity in our young democracy but there is much more to do. Diversity and Inclusion is a problem for all of us around the world. Today is as good a day as any for us to reflect on how we can be more accepting of our differences and how we can build the bridges that will help realize a better life for all of us! A great quote that inspires me today and always: “Instead of hatred and revenge we choose reconciliation and nation building” ~Nelson Mandela #DayOfReconciliation #southafrica #diversityandinclusion #inequality #inequity …see more