Jump Associates

A HUGE congratulations to Ben and Ashli on driving long-term value and growth through their commitment to their purpose, along with many other things. It is great to see the impact strong purpose work has on business performance. Keep up the good work Benjamin Rosenthal and Ashli Blumenfeld!

Tech companies are beginning to push the boundaries of innovation in a way they haven’t for decades. But leaders are missing the mark if they think it's just technology challenges they need to solve. “That’s because tech problems are never just tech problems—they’re also technology adoption problems. Without adoption, all you’ve got is a cool new thing that no one wants.” - Dev Patnaik In his latest Forbes article, @Dev Patnaik dives into why it takes more than just tech innovation to make a product stick. A focus on a blend of innovation and customer preferences is essential in forming an effective strategy.

“There seems to be something really interesting with the way Apple is getting involved [in the AI race]. We're learning a few things from them, mainly that it's about one: focusing that strategy around what your strengths are and two: focusing it on key business challenges.” - Dev Patnaik Dev Patnaik and Michelle Loret de Mola discuss what every leader can take way from Apple’s approach to AI on the Jump Podcast this week. Business leaders are scrambling to respond to the quick rise of AI. Some leaders are procrastinating while others are betting the house. Many scattershot solutions in the hopes that one sticks. And then you have Apple. Companies can take a page from Apple’s book on how to get in the game with AI. First, take advantage of strengths and capabilities to craft a unique and effective AI strategy. 1.     Take advantage of strong products and services you already have. • Apple integrated AI into MacOS and iOS, making it accessible to everyone holding an iPhone. 2.     Prioritize user experience.  • Tim Cook says the goal is to make “your most personal products even more useful and delightful.” • The system will summarize, prioritize, and rewrite messages and emails. 3.     Design proprietary software to get ahead of competitors. • Unlike other companies adopting AI, Apple prevented dependency on chipmakers like Nvidia. 4.     Differentiate by showing you care about your consumer’s concerns.  • Apple focused the majority of its presentation on how consumer data will be protected. Second, use AI to solve your most pressing strategic challenges. Apple has been struggling with stagnant iPhone prices, lack of consumer connection outside of screens, retention of technical talent, and support from public markets. The company’s AI strategy tackles each of these problems. 🔗 Spotify --> https://lnkd.in/g_DQDQt5 🔗 Apple --> https://lnkd.in/gxkvGkXW #innovation #AI #AIconference #Apple #AIstrategy #businesschallenges

We're thrilled to announce that Jean Oelwang—a Collaborations Architect, founding CEO of Virgin Unite, and former joint CEO of Virgin Mobile in Australia—will be joining us at the #JumpOffsite2024 in September! As many of us know, it's not a leader's technical skills or experiences that matter most, but their ability to partner: to forge deep connections. Partnering is a refreshing antidote to a disconnected and divided world. It is the answer to how we can increase depth and meaning in all of our most important relationships. Over the last 20 years, Jean has worked with some of the world's greatest partnerships like Richard Branson and Peter Gabriel, Archbishop Desmond and Leah Tutu, Jimmy and Rosalynn Carter, Ben and Jerry, and the co-founders of Airbnb. Jean covers the core principles that weave through these extraordinary partnerships in her book #Partnering. These principles are common to meaningful partnerships of all types: friends, family, business, and romantic. They are also at the center of most great human collaborations, like closing the ozone hole and ending apartheid in South Africa. Jean is also drawing from her experience around the world. She spent 17 years helping lead mobile phone companies in South Africa, Colombia, Bulgaria, Singapore, Hong Kong, Australia, and the US. She co-founded the not-for-profit Plus Wonder to spark more meaningful deep connections and collaborations in the world. We can't wait to dig in more with Jean at the Jump Offsite! #JumpOffsite2024 #Leadership #FutureFocused #Strategy #Innovation #Partnerships

"Apple’s first big foray into AI is table stakes compared to what it could do in the years ahead. But the important thing is that—rather than procrastinate, get distracted, or go all in on AI—it got into the game with a great initial strategy based firmly on what makes it great and the key challenges it faces." Check out Dev Patnaik’s latest Forbes article on what every CEO and head of strategy can learn from Apple’s AI strategy...

The market is fragmenting in a way we have never seen before. In the latest episode of The Jump Podcast, Dev Patnaik and Michelle Loret de Mola explain how microtribes are wrecking company growth plans, and how companies need to fundamentally rethink their approach to innovation. 🎙️Episode Highlights: - Catering to the Masses is Dead: The fundamental innovation strategy companies have been relying on for decades isn’t working anymore. - It’s About Identify: Consumers don’t want customizable products; they want more niche services they identify with. - Many Small Bets Win: Rather than looking for a billion-dollar idea, it may be important to find ten or twenty $100 million ideas. - Organize by Segments, Not Products: Corporations need to start designing their business models to separate company cultures, creating an army of piranhas rather than a giant great white shark. 🔗 Spotify --> https://lnkd.in/g3qTEmb9 🔗 Apple --> https://lnkd.in/gZSv-9TZ #growth #innovation #strategy #growthstrategy #microtribes #companyculture

“Offering a few discounts doesn’t fix the value equation. Those are really just temporary bribes to convince customers to stick with you a little longer. They can even have the inverse effect: destroying the perception of value you’ve worked so hard to create.” — Dev Patnaik Of course, consumers have been feeling the pinch of price increases, and promotions can provide short-term relief. But, if leaders are looking to fix the value equation, they shouldn't confuse price with value. In his latest Forbes article, Dev explores why true value goes beyond price cuts and how companies can genuinely connect with what their customers need. How are you redefining value for your customers? #CustomerValue #BusinessStrategy #Leadership #FutureFocused

🔍 What’s happening at the front end of innovation right now? Check out Michelle Loret de Mola's reflections from the Front End of Innovation Conference for some highlights: 💡 Innovation vs. Tactics: Are you mistaking a collection of tactics for a true innovation strategy? It’s crucial to align your innovation efforts with your core goals. 💡Strategic Failures: How can you design your processes to learn from failures, revealing limits and optimizing for success? 💡The Role of Expertise: Even in an AI-driven world, deep domain knowledge remains key to unlocking potential. 💡Cost Considerations: With the rising costs of cloud and AI, how do you ensure these technologies deliver real value? How are you evolving your approach to exploration and true discovery in your innovation process? #FEI2024 #Innovation #DisruptiveInnovation #FutureFocused

Succession planning isn't just about finding the next leader—it's about preparing them for a constantly evolving landscape. "Not 5 years anymore," says Jamie Dimon, sparking questions about what's (or who's) next for JPMorgan Chase & Co. In the latest episode of The Jump Podcast, Dev Patnaik and Michelle Loret de Mola explore the complexities of succession planning—a critical yet ever-changing challenge for many organizations. 🎙️ Episode Highlights: - The Hidden Complexity: Dive into the intricate process of preparing future leaders for unforeseen challenges. - Leadership in a Transparent Age: CEOs now must balance excellence with moral leadership, addressing broader societal issues. - Navigating Leadership Levels: From functional leader to enterprise leader—developing the right skills at each stage. 🔗 Spotify --> https://shorturl.at/hgILJ 🔗 Apple --> https://shorturl.at/RXEug What’s your biggest challenge in preparing future leaders? Share your thoughts in the comments. Tag someone who would benefit from these insights. #Leadership #SuccessionPlanning #Innovation #FutureFocused #Strategy #ExecutiveDevelopment #Growth #Learning

The DTC model is dead. At least that's what the headlines will have you believe. In Dev Patnaik's latest Forbes article, he challenges common assumptions people make about the viability of DTC businesses—many of which, like Warby Parker and Stitch Fix, have struggled in recent years. It turns out, their problems stem less from the business model itself than from the way they've implemented it. Here are a few strategic changes that growing DTC brands can make to scale and break into the mainstream: https://lnkd.in/dH2SMR24 #futurefocused #strategy #DTCbusiness #DTCstrategy #DTC #directtoconsumer #consumerinsights #warbyparker #allbirds #stitchfix #hellofresh