Success Story with Scott D. Clary

Lessons - How Entrepreneurs Create Disruptive Ideas With Tech | Terry Jones - CEO of Travelocity and Chairman of Kayak.com

Oct 19, 2024

Terry Jones, former CEO of Travelocity and current Chairman of Kayak.com, delves into how curiosity fuels entrepreneurship. He highlights strategies for leveraging technology to create disruptive ideas, using his experience in the travel industry as a case study. Emphasizing the significance of risk-taking, Terry argues that embracing failure is crucial for innovation. Joined by Sean from NerdWallet, they also discuss the modern financial landscape, focusing on customizable financial products that empower consumers to make informed decisions.

14:43

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Episode guests

Sean

Terry Jones

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Quick takeaways

Successful entrepreneurs leverage curiosity to combine existing technologies in innovative ways, fostering disruptive ideas in competitive markets.

Creating a supportive culture that embraces risk-taking and learning from failures is crucial for driving innovation and growth in today's fast-paced environment.

Deep dives

NerdWallet's Comprehensive Financial Tools

NerdWallet offers a robust suite of financial comparison tools beyond just credit cards. Users can filter options based on specific features, create personalized comparison tables, and gain access to exclusive offers. This allows for smarter financial decisions tailored to individual needs. Additionally, NerdWallet conducts extensive research on various financial products, including high-yield savings accounts and mortgage lenders, to help consumers find the best options available.

Intro

2min

Empowering Innovation and Entrepreneurship

8min

Navigating Change: Corporate Adaptation During COVID-19

3min

Adapting Business Practices Post-COVID

6min

Transforming Industries: The AI and IoT Impact

5min

Innovative Business Models in Today’s Economy

8min

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In this "Lessons" episode, Terry Jones, CEO of Travelocity and Chairman of Kayak.com, explores how entrepreneurs can harness technology to create disruptive ideas. Drawing from his own journey in the travel industry, he shares key strategies for driving innovation and staying ahead in a competitive market.

Curiosity and the Entrepreneurial Mindset: Terry emphasizes that successful entrepreneurs are driven by curiosity. By combining existing technologies in new ways, they can build disruptive ideas, much like how Travelocity revolutionized the travel industry by leveraging existing systems with an innovative self-service approach.

Creating a Culture of Risk-Taking and Innovation: Terry explains the importance of fostering a culture where failure is embraced as part of the learning process. He points out that companies unwilling to take risks will struggle to innovate, especially in today’s fast-paced tech environment.

➡️ Show Links

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YouTube: https://youtu.be/RXfz_K6rurE

Apple: https://podcasts.apple.com/us/podcast/terry-jones-ceo-of-travelocity-chairman-of-kayak/id1484783544?i=1000539650267

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https://www.youtube.com/c/scottdclary

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