Considered the most dynamic young conductor in classical music since Bernstein, 28-year-old Gustavo Dudamel begins his tenure as Music Director of the Los Angeles Philharmonic in fall 2009. In this program, learn more about Dudamel, the LA Philharmonic, composer John Adams, and see a movement fr...
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According to Adams, the biggest competitor of a start-up is a large established company. Their size alone is enough to destroy a young company, says Adams, but large companies are at a disadvantage because they’re slow to act and avoid risk at all cost.
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Adams talks about testing the viability of a new technology with potential customers. He recommends entrepreneurs conduct polls and surveys to determine whether there is demand for the technology in the market. Never commit to a large development effort without prototyping the technology first an...
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Adams talks about how the creation of a plan with a logical set of steps is essential to creating a successful business. Within this plan are attainable milestones and the knowledge that as a small company, flexibility is still an option.
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Adams doesn’t worry as much about competition from other start-ups; he views that type of competition as validating the market. It's direct competition from the big companies that is frightening, he says.
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If consumers are so unwilling to change, why did FedEx gain popularity? Adams asks. He talks about consumer adoption methods and why some things work (internet transactions) and some things didn’t (Tablet PC).
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