Learning From Failure: Wisdom From Michael Jordan

Hola Todos!

I was reading Peter Gruber on LinkedIn and he hit on one of my favorite themes – failing forward.  What really caught my eye was the quote from one of the most famous basketball players of all time – Michael Jordan:

“I have missed more than 9,000 shots in my career. I have lost almost 300 games. On 26 occasions I have been entrusted to take the game’s winning shot, and I missed. I have failed over and over and over again in my life. And that is why I succeed.”

We learn more from our failures than we do from our successes.  Now that is something to think about today!

Best regards,

Dr. Dan-o

 

Daniel M. Ladik, Ph.D.,

Associate Professor of Marketing

Stillman School of Business

Seton Hall University

 

 

 

How Low Will Apple’s Stock Go?

Hola Todos!

It’s absolutely amazing what has happened to Apple’s share price over the last six months.  From a high of $702 in September 2012 to the lower 400’s in March 2013, it’s been one wild ride.  Full disclosure: I do not own any shares of Apple or shares of any other firm for that matter.  Even fuller disclosure:  I am a marketing Ph.D. not a finance Ph.D. and sometimes Wall Street makes no sense to me whatsoever.

Case in point – Apple.  The rumormongering goes something along the lines of this:  Apple has not had a blockbuster product since Steve Jobs died and worries persist that Android/Samsung is eating into iPhone’s market share.  I believe I started this paragraph with the word rumormongering.

Apple has one of the best balance sheets in recent memory ($137 billion in cash, zero debt, $12 to $16 billion in new cash per quarter, a single-digit P/E ratio).  As for iPhone, not only did the iPhone 5 outsell Galaxy in the US and around the world, but the iPhone 4s ALSO outsold Galaxy in the US and around the world for the last quarter of 2012.  While no one seemed too excited about iPad mini (even I complained they missed the price point), Apple could not keep the device in stock during the holiday shopping season.  Over 80% of Apple’s revenue came from products released in the last 12 months.

Once again, Philip Elmer-DeWitt of the Apple 2.0 blog hit the nail on the head.  Steve Jobs was known for having a reality distortion field around him.  In this post, Philip suggests that the reality distortion field has been inverted: now everything is normal inside Apple yet people on the outside cannot grip reality.

Here is my take – the business press has been writing positive articles about Apple for so long that those articles are no longer interesting to readers anymore.  Instead, the articles that say Apple is “in big trouble,” “losing it’s cool” or “just plain doomed” attract more attention.  I’m curious to see how long business press will keep ignoring fundamentals and instead continue with rumormongering just to attract attention.  What will they do if Apple does roll out at least one or perhaps two new product lines this year?  We’ll just have to wait and see.

Something to think about today…

Best regards,

Dr. Dan-o

 

Daniel M. Ladik, Ph.D.,

 

Associate Professor of Marketing

Stillman School of Business

Seton Hall University

 

 

 

Interesting Nuggets Round-Up: Thoughts from the Weekend

Hola Todos!

I hope the weekend treated us well.  There was a number of very interesting stories over the weekend and I thought I’d share a bunch:

-The iWatch market might be better than the iTV market for Apple

-Where does the 800 lb. gorilla sit?  A nice summary of Blue Ocean Strategy

-There is a competitor to Klout?  What is Kred?

-Looking for six-figure jobs via Twitter

-I don’t wish ill-will on anyone but I really thought Groupon’s CEO was going to get fired last year

-Apple is Fortune Magazine’s Most Admired Company for the 6th year in a row

-Dr. Dan-o on Forbes.com discussing Tim Cook

Interesting nuggets for today… and tomorrow!

 

Best regards,

Dr. Dan-o

 

Daniel M. Ladik, Ph.D.,

Associate Professor of Marketing

Stillman School of Business

Seton Hall University