Each week, OPEN Forum's editors round up the most compelling entrepreneurial news and advice from our contributors and others. Here are this week’s highlights:
Some thought the day would never come, but alas, it did. Steve Jobs left his beloved Apple, and in the hands of none other than Tim Cook—whose name might not be as notorious as Jobs’, but it soon will be. Wondering what direction will go in now? So are we. But judging by Cook’s thoughts on intuition and hard work, Apple will continue to be as innovative as ever.
Entrepreneurs tend to dive headfirst into their businesses, often forgetting to think about the implications of truly running a business. This isn’t always the case, but if it is, you need to have the ability to realize when it’s time to dethrone yourself and put your business in the hands of someone who can make sure it flourishes.
According to the stock market, Hewlett Packard has lost its mojo—dropping nearly 50 percent per share recently. But worry not, stock holders, they have a new strategy up their sleeve: leaving the tablet and computer market. This may seem radical, and risky, but there are several reasons your company should consider getting gung-ho about your strategy as well.
The world of social media can be a confusing maze if you don’t know where to start (and you don’t know what you’re trying to accomplish, or with who). But Guy Kawasaki makes it easy in his social network decision tree, an easy guide for selecting between Twitter, Facebook and Google+.
As a business owner, it’s good to be positive, but it’s more important to be realistic—especially when it comes to your own operations. Don’t fall victim to the four common lies business owners tell themselves—no matter how unique your product is, there’s bound to be competition.