Pathfinder or Bystander
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
June 12, 2020 | 1 Minute Read
I had heard (New York University – Stern School of Business) Professor Amy Webb talking about Pathfinder and Bystander companies.
Pathfinder companies are those who understand the trends happening in their industry and utilize them to their advantage.
Bystander companies are those who choose to do nothing. I think they see the trends but like most people feel nothing is not going to happen to them or impact them. In short, they let things happen to them.
The trends in our industry and profession are clear:
- There are no geographical boundaries anymore and thus competition will be fiercer.
- Customer adoption of Technology has accelerated beyond imagination. People are far more comfortable meeting virtually. Tele Wealth is here to Stay.
- People want personalized solutions. Additionally, the value proposition is shifting from pure investments /transactions to helping people find a purpose/meaning for their money (Live their Happiest Life).
- There will be many regulatory changes that could force business models to change.
- Finally people are craving for Human Connection and thus your Client Experience becomes paramount.
There are many more, but these are sufficient ones to get your thinking energized.
So, what type of person or firm are you?
Are you going to be a Pathfinder and take advantage of the trends happening in your industry/profession?
OR
Are you going to be a Bystander and let your business be destroyed by the termite of INACTION?
Similar Post
Nano Learning
The Two Virtues
David Brooks in his book “The Road to Character” wrote about the distinction between resume virtues and eulogy virtues. Resume virtues are things such as income, net worth, yo ....Read More
13 October, 2023 | 2 Minute Read
Nano Learning
Become a World Class Editor
Scientific American recently had a post with this headline “Our Brain overlooks this Brilliant Problem-Solving Strategy”. One of the key points of the post was “People of ....Read More
23 April, 2021 | 3 Minute Read
Nano Learning
The Miracle Moment
Shane Parrish in his blog Farnam Street wrote “Everyone looks for the miracle moment – the moment when success happens. We are drawn to these moments because we want to know ....Read More
20 January, 2023 | 2 Minute Read
Nano Learning
The Weakest Link Continued
Thanks so much for all your lovely responses. There were different responses such as -Process or Method of reaching prospects effectively -Negativity in media about distributor ....Read More
25 June, 2021 | 3 Minute Read
Nano Learning
The Two Types of Business Model Risks
There is a wonderful book “The Risk Driven Business Model” written by my Wharton Professor Serguei Netessine and INSEAD Professor Karan Girotra. The book is about how the key c ....Read More
11 November, 2022 | 2 Minute Read
- 1
- 0
0 Comments