The Soft Edge audiobook cover - Where Great Companies Find Lasting Success

The Soft Edge

Where Great Companies Find Lasting Success

Rich Karlgaard

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Key Takeaways from The Soft Edge

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Mind Map

The Soft Edge
The Business Triangle+
Pillar 1: Trust+
Pillar 2: Smarts+
Pillar 3: Teams+
Pillar 4: Taste+
Pillar 5: Story+
Competitive Advantage+

Quiz — Test Your Understanding

Question 1 of 8
According to the book, a successful business is likened to a triangle. What are the three foundational elements that make up this triangle?
  • A. Marketing, Product, and Sales
  • B. Strategy, Hard Edge, and Soft Edge
  • C. Trust, Smarts, and Teams
  • D. Innovation, Culture, and Execution
Question 2 of 8
What is the primary difference between a company's 'hard edge' and its 'soft edge'?
  • A. The hard edge focuses on employee well-being, while the soft edge focuses on customer satisfaction.
  • B. The hard edge is about storytelling, while the soft edge is about raw production speed.
  • C. The hard edge is easily measurable with raw figures, while the soft edge involves unquantifiable elements like values and culture.
  • D. The hard edge represents long-term planning, while the soft edge represents daily operational tasks.
Question 3 of 8
According to the Edelman Trust Barometer mentioned in the text, how does trust impact a business?
  • A. Trust affects a corporate reputation more than the quality of its products or services.
  • B. Trust is solely built through aggressive marketing and public relations campaigns.
  • C. Trust is less important to modern consumers than having the lowest price in the market.
  • D. Trust can only be established after a company has been in business for over a century.
Question 4 of 8
How did the Mayo Clinic demonstrate the 'smarts' pillar through lateral thinking?
  • A. They hired top executives from Wall Street to streamline their financial operations.
  • B. They sent staff to train at hospitality companies to learn how to treat patients like respected customers.
  • C. They partnered with tech companies to build the fastest medical database in the industry.
  • D. They implemented a strict 'no-mistakes' policy to ensure perfect patient care.
Question 5 of 8
What is the 'two-pizza' rule implemented by Amazon's CEO Jeff Bezos?
  • A. Teams should be given free lunches to maintain high morale and productivity.
  • B. Teams should work late enough into the evening that the company needs to order dinner twice a week.
  • C. Teams should be divided into two competing groups to drive innovation and speed.
  • D. Teams should be small enough—about eight to twelve people—that two pizzas can feed everyone.
Question 6 of 8
Why do people generally prefer familiar product designs, according to research in aesthetics?
  • A. Familiar designs are cheaper to manufacture because the patents have expired.
  • B. Familiar designs prevent customers from having to read complex instruction manuals.
  • C. Familiar designs evoke emotions and memories associated with similar objects from the past.
  • D. Familiar designs guarantee that the product will stand out as highly futuristic and innovative.
Question 7 of 8
When crafting a company's 'story,' what advice does the book offer?
  • A. It should include detailed financial predictions for the next decade.
  • B. It should be highly complex to show the sophistication of the brand.
  • C. It should be kept simple and avoid making unpredictable future predictions.
  • D. It should focus primarily on the technical specifications of the products.
Question 8 of 8
In today's fast-paced business environment, why is the 'soft edge' considered the ultimate differentiator between competitors?
  • A. Because most companies have access to the same vast amounts of data for their hard edge, making human ingenuity the true differentiator.
  • B. Because investors on Wall Street solely reward companies that focus on emotional connection rather than capital efficiency.
  • C. Because the soft edge is the only part of a business that can be legally protected from being copied by rivals.
  • D. Because modern technology has made the hard edge completely obsolete in the business world.

The Soft Edge — Full Chapter Overview

The Soft Edge Summary & Overview

This book (2014) is about the “soft edge” – that is, the human side – of business. If you don’t want to be left foundering in the wake of your competitors, your company needs something more – more creativity and flexibility, more passion. The soft edge is the wellspring of such attributes. Your company’s soft edge might seem elusive at first, but remember: finding it is absolutely critical for long-lasting success.

Who Should Listen to The Soft Edge?

  • Entrepreneurs and people working in start-ups
  • Managers, CEOs and other business leaders
  • Anyone who wants to understand more about the human side of business

About the Author: Rich Karlgaard

Rich Karlgaard is the publisher of Forbes, where he also writes the column Innovation Rules. His 2004 book Life 2.0: How People Across America are Transforming Their Lives by Finding the Where of Their Happiness was on the Wall Street Journal’s best seller list.

 

©Rich Karlgaard: The Soft Edge copyright 2014, John Wiley & Sons Inc. Used by permission of John Wiley & Sons Inc. and shall not be made available to any unauthorized third parties.

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