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It's all about learning when it's time to let go.
It was a routine business meeting, one of hundreds I've taken over the years and decades. However, this particular meeting suddenly took an interesting turn when a gentleman I had just met asked me a question: "Do you know how to catch a monkey?" I had no idea where this was going but replied, "No, how?"
"First, drill a hole in a coconut just big enough for its hand, drain the milk, and put a peanut inside. When the monkey grabs the peanut, it can't pull out its fist, making capture simpler." I thought this could make for an interesting discussion about a new way of looking at everyday business and life problems and getting a better understanding of why people act in a certain way. Why do we focus on the way things have always been done with great success and miss the changes we need to make to ensure future success?
Let's learn and take a new look at stories old and new and see what can we learn from industry leaders like Motorola, Kodak, Blackberry, Borders Bookstores and others who fell victim to The Peanut Principle?
The companies that wouldn't let go
Through the stories of Sears, Kodak, Motorola, BlackBerry, and Borders, Norb Svanascini shows how some of the most powerful businesses in American history collapsed—because they wouldn't let go of their peanut.
We make things that work better and last longer. Our products solve real problems with clean design and honest materials.
About Norb Svanascini
Norb Svanascini is a serial entrepreneur who came to the U.S. from Argentina in 1953 at age eleven. He has spent his life buying, building, and selling companies, and in 1981 acquired the company that became Americaneagle.com. He co-hosts the podcast 'The Magic of Positive Thinking.'
We make things that work better and last longer. Our products solve real problems with clean design and honest materials.