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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Moonshot! summary
John Sculley
Game-Changing Strategies to Build Billion-Dollar Businesses
12 mins
Brief summary
Moonshot! by John Sculley is an inspiring tale of Silicon Valley's entrepreneurial revolution that takes readers through Apple and Pepsi's growth journey and provides valuable insights into innovation and business-building.
Table of Contents
Moonshot!
Summary of 6 key ideas
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Key idea 1 of 6
New technologies have given consumers a lot more power as part of the buying experience.
Have you ever tried on a sweater in a retail store, only to quickly check on your smartphone whether you could find the same item cheaper online?
New technology has changed how consumers think and act, and to remain competitive, it’s clear that companies need to change too.
Smartphones are one example of an advancement that has changed in-store buying. A customer has instant access to product information as she browses, and can even compare prices or read online product reviews.
In general, online feedback influences a consumer’s buying decision considerably. Complaints, poor ratings or positive recommendations are important and reach a wide audience.
Thus companies need to focus on creating a memorable, positive customer experience from the first point of contact, from a reliable, innovative product to peerless customer service.
These days, so-called big data gives businesses the opportunity to gather a lot of information about potential and current customers. To really understand a target market, a company could comb social media and other online data – even GPS coordinates – to more accurately predict what a customer actually wants.
Imagine, for example, that you “liked” a commercial on Facebook for a new brand of backpack. Later you visit a store that sells outdoor gear, when suddenly you receive a text on your smartphone, offering you a 10 percent discount on that same backpack in store.
U.S. President Obama too relied on big data as part of his second presidential campaign. His campaign team was able to accurately target voters at an exact time and place with a message that they would most likely relate to. This “data-backed information” was based on a voter’s social media activity and what they watched on television.
From winning voters to winning customers, the power of technology is something every successful company will need to master today and in the future.
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What is Moonshot! about?
Moonshot! describes how new technologies have permanently changed the business landscape, where today’s customer is smarter and has more control. The book offers advice on how to become more competitive, through making an exceptional customer experience your main goal.
Who should read Moonshot!?
- Aspiring entrepreneurs and managers
- Anyone who wants to start their own business
- Business owners looking to improve their customer experience
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