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Motley Fool Money
How to Win in Business: Be Right, Be Positive
Apr 28, 2024
Elliott Parker, CEO of High Alpha Innovation, discusses the importance of being contrarian in business and how big companies struggle with true innovation. He explores the benefits of partnering with startups for controlled chaos and the challenges of driving innovation in corporations. The conversation also touches on the impact of monopoly status on companies and the balance between efficiency and innovation in business.
30:38
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Quick takeaways
- Being a contrarian in business can lead to success by avoiding consensus and embracing optimism and long-term views.
- Genuine innovation is vital for company survival, and deliberate inefficiency can help large corporations foster innovation.
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The Importance of Being a Non-Consensus Contrarian in Business
In business, being non-consensus contrarian over time is crucial to success, as sticking with the consensus can lead to failure. Having a long-term view and being optimistic about the future can be contrarian and beneficial in the current business landscape. Genuine innovation is key to keeping companies alive amidst shortening corporate life cycles.
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