(1) FOXCONN OR FENDI? Foxconn, a Taiwanese contract electronics manufacturer, rang up $179 billion in sales last year by a relentless focus on cutting costs and creating huge volumes of non-sexy stuff to sell to other companies. Fendi, on the other hand, is an ultra-luxury brand that hand-makes bespoke apparel, shoes, timepieces and fragrances, selling … Read more

(1) IDEA CHIPPING When staring down a big problem or opportunity, most of us try to solve the challenge by seeking out a single, gigantic, perfect, silver-bullet solution. But when that idyllic answer doesn’t appear from the heavens, we throw in the towel. Instead of trying to conquer all at once, try Idea Chipping instead. See if you can … Read more

(1) THE ALL-AT-ONCE TRAP When tackling a big problem or seizing a juicy opportunity, we instinctively try to solve the challenge with one, gigantic, perfect idea. Problem is, those silver bullets can be elusive and we end up freezing or quitting when perfection fails to magically appear. Instead of the all-at-once approach, try discovering a … Read more

Jaws dropped last week when readers devoured The Wall Street Journal’s annual CEO compensation report. Despite the pandemic-savaged economy, Paycom Software founder and CEO Chad Richison hauled in a whopping $211 million in 2020. Robert Kotick, CEO of the video game maker Activision Blizzard, came in second place with $155 million, while Regeneron CEO Leonard Schleifer scored $135 million. … Read more

Most of us have experienced that chills-down-your spine feeling of awe. The texture of handmade al dente pasta at La Darsena, an outdoor café in the lakefront town of Como, Italy. The dangerous acrobatics of a Cirque du Soleil performance during a hot Montreal summer. For me, seeing my newborn twins—Avi and Tallia—make it through … Read more