Failure is A Milestone on The Road to Success

I read something from Theodore Roosevelt today that profoundly inspires me. I know it will do the same for any professional in luxury, or any industry at all. I’m going to keep this one close to the chest.

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

– Excerpt from the speech “Citizenship In A Republic”
Delivered at the Sorbonne, in Paris, France on 23 April, 1910

Marketing 101 from The Late Steve Jobs

He changed the world.

Article – Apple’s Steve Jobs Passes Away

I had to interrupt my Asia focus for this.

Many, if not all MBA students have come across Apple in their case studies or in their purchases. So, in honor of the late Steve Jobs, a man likened to Thomas Edison and Walt Disney, I’m posting this article from Luxury Daily. The article discusses the components of Apple’s successful strategy to enter every aspect of our lives.

I doubt any of our readers will wonder about the connection between Apple and luxury goods. I venture to say that the principles that led to Apple’s dominance apply to ALL luxury brands. I highly encourage my fellow MBAs to pay religious attention to the marketing components discussed in this article.

I’d love your comments (link below title) on how you think Steve Jobs’ death will affect the world.

Video from