Seth Kahan on Leadership // Monday Morning Mojo
Bold Moves, Small Risks, Big Payoffs
Doug Culkin, CEO of the National Apartment Association, developed an innovative idea he called, Grow the Show. The NAA is making an open offer to marketing firms, promotion experts, anyone who wants to give it a try. Just take the 2013 attendance number and double it for the 2015 event, and you will win a million dollars. I wrote about it on my Fast Company blog, The National Apartment Association Will Pay You A Million Bucks To Get People To Its Conference.  The NAA has a website, Win a Million Dollars: Grow the Show.
 
What is Doug's risk, really? Not much. Maybe a little egg on his face.  What's the payoff? Enormous! He might grow his market penetration or member engagement or some combination of the two by 100%. That would not only generate enough revenue to justify the million dollar investment, it would propel him into a new level of growth dramatically increasing his prestige and power in the market.

What bold move might you make?  Is there something outrageous in your public's eye that could land you in the news? make you an object of interest? payoff handsomely if done well? Give some thought to an audacious, outrageous move that could win your fortune if acted upon propitiously.

“Are you in earnest?
Seize this very minute! Boldness has genius, power, and magic in it. ”
― Jean Anouilh

book image Getting Innovation RightFrom an Amazon customer review of my latest book, Getting Innovation Right:

Seth Kahan has produced a very thorough, careful, and well-researched book on how anyone and any organization can innovate--and profit from their innovations. Kahan defines innovation as "The creation and successful delivery of new products and services." That is certainly the Holy Grail for many, and he does a great job at laying out a very thorough roadmap for how to do it.


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