Week Of July 6, 2020

“Don’t let what you cannot do get in the way of what you can do.”

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WEEK OF JULY 6, 2020

“The invariable mark of wisdom

is to see the miraculous in the common.”

Ralph Waldo Emerson, 1803-1882, American Essayist

 

 

THIS WEEK’S STUFF

 

 

  • Not Really a Turning Point
  • The Post Zoom World
  • Networking 2.0
  • A Little Fun: Why Your Brain Sucks
  • Econ Recon: Good News, Bad New; Where We’ve Been, Where We’re Going

 

NOT REALLY A TURNING POINT

One of the ways we manage ourselves in times like these is to assume that everything that matters will change and that we are at a global turning point. History shows this is rarely this case. Assuming change will be extreme helps us manage our emotions: if it happens, we won’t be surprised, and if it doesn’t we will be relieved that our worst fears weren’t realized.

Wharton Business School Professor Mauro Guillen’s new book, “2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything,” makes the case that the changes emanating from the Corona crisis will be significant, but not of the order of previous Black Death in the 1300s or the Great Depression of 1930. In other words, they will be changes of degree and not of kind.

The review of this forthcoming book in Chief Executive Magazine summarizes Dr. Guillen’s thesis that  “the virus will intensify and accelerate rather than create a series of interrelated trends, all of which will have an increasing influence on every aspect of life across the world over the coming decade.”

Check out this short review of “A Changed World by 2030: How Covid Accelerates 6 Key Trends.” A few weeks ago we featured another article in a similar vein by Dr. Scott Galloway, from his “No Mercy, No Malice” blog on life post-Corona, in which he predicts “Things won’t change as much as they will accelerate…..”.

 

THE POST ZOOM WORLD

You know a product has arrived when it becomes a verb. We “Google” what we want to know. Now we “Zoom” to have an online meeting.

Zoom was not the only videoconferencing technology before Corona arrived, but it quickly became a prevailing standard by solving a bunch of small problems that competitors had not. And like any technology, once it is ubiquitous and reliable it becomes part of the background: a given, like the telephone, and is taken for granted. In short, a commodity.

With that reality in mind, venture capitalist Benedict Evans offers a short but intriguing post on why this wonderful tool has done so well and What Comes after Zoom.

 

NETWORKING 2.0

One of the most perverse aspects of the Corona crisis is that you are safest when alone (whatever happened to safety in numbers?). If your business or career relies on networking, it’s tempting to think you can’t get back in the game for real until the pandemic is over.

However, innovative connectors have found a number of ways to get around the pandemic. I know of one C-level organization which managed to hold its annual wine tasting by shipping the wine in gift bags in advance to participants and then conducting the tasting on Zoom.

This short article from HBR should be required reading for sales teams, business development people and anyone who needs to connect one-to-one with decision makers. How to Network When There Are No Networking Events.

 

A LITTLE FUN: WHY YOUR BRAIN SUCKS

We have all heard of studies where witnesses to a crime report very different observations of what they saw at the crime scene. This happens more often than you may think, and not just in court. This short, fun offering from PC Magazine  suggests that “Our brains filter a constant tsunami of stimuli and piece the important parts together to recreate what we know as reality. But what you think is reality is a lie.” Don’t believe me? Test yourself with these “25 Optical Illusions That Prove Your Brain Sucks.”

 

ECON RECON

Good News, Bad News:   As important as where we are is where we’re headed. Brian Beaulieu, CEO of ITR Economics, looks at six economic metrics (home purchases, restaurant traffic, personal disposable income and employment) and says there are Four Reasons to Smile, Two Reasons to Frown.

Where We’ve Been, Where We’re Going:   Vistage’ Chief Research Officer Joe Galvin offers the Vistage Q2 CEO Confidence Index Survey, recapping our members’ opinions on the economy, financing and the prospects for their own business. Check out his recap, “The First Steps of the Hard Climb to Recovery Begin.”

Have a good week.