The membership economy is a term that I coined to describe what I was seeing, starting about 15 years ago when I was working with Netflix and continuing into this massive transformational trend where companies of all types were moving from a model that focuses on ownership to access, from the transactional to the relational, from anonymous to known, from one payment to many smaller payments and from the organization talking at the customer and hoping they’re listening to multidirectional communication among customers and back and forth between the customers and the organization under the brand umbrella of the organization. So when you put all of those things together you have this kind of painter’s palette to reinvent your business model and that’s what’s driving this membership economy.
Interesting perspective from someone who used to work at a company that probably was the tipping point for the “membership economy”.
Business revolution: What is the membership economy?
In the first days and weeks of fatherhood, a man’s testosterone and cortisol levels decrease and oxytocin, estrogen, and prolactin levels surge, promoting an important bonding experience between a father and his newborn child.
But I have to be real with you. I know this system works, but I still struggle with resisting the temptation to take shortcuts. Even though I’ve seen time and time again that developing my ideas first actually reduces the total time I spend creating, it’s easy to make excuses and say, “I just don’t have time for that right now.”
In my experience, this is the problem most people struggle with when it comes to creativity and productivity: they know what to do, but they have trouble following through and doing it.
This goes inline (in my opinion) with allowing kids today, the time to “get bored”. That’s when the creativity finds its way to the surface.
How and Why to Make the Time to Think
While inadequate gear in climbing’s early days created a mentality that “the leader must not fall,” modern climbers must embrace falling as a skill to reach their full potential.
As someone who climbed for over a decade…I wholeheartedly agree with this.