Zoonotic - Book Summary (2024)
Carole Lamarque
The book "Zoonotic" uses the metaphor of a zoonotic virus to describe successful viral business strategies, focusing on how companies can combine two existing successful strategies to create something new and powerful, and how this new strategy can spread and grow exponentially, much like a virus. It also provides insights on how to identify and respond to such strategies in the business world.
Key Ideas
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The rapid spread and massive disruption caused by the COVID-19 pandemic have sparked the concept of applying "viral" strategies in the business world. Just as a biological virus mutates and combines to proliferate swiftly, a business can merge ideas and innovations to attain viral growth.
The concept of a "Zoonotic" strategy is introduced. This strategy is akin to the combination of genetic material from different viruses within an animal host. In a business context, this means creating new combinations of technologies or services that lead to disruptive innovations.
Take Uber, Duolingo, and Botox as examples. These companies aim for exponential growth and swift market domination, which benefits both the company and its customers. The ones who bear the brunt are usually the competitors.
To implement a Zoonotic strategy, it's crucial to pinpoint your "Unfair Advantage" and merge it in novel ways, backed by a versatile team. It's also essential to be prepared to respond promptly to fend off Zoonotic attacks from competitors. The ultimate objective is to drive positive change through smart spreading strategies, rather than succumbing to passive failure.
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The book "Zoonotic" by Carole Lamarque provides a comprehensive guide on how to prepare for and respond to a Zoonotic attack in the business world. The author uses the metaphor of a Zoonotic virus to describe a new and previously unknown business strategy that combines two known strategies to create something completely new and exponentially powerful. The book emphasizes the importance of speed, focus, agility, and networking in responding to such attacks. It also provides a series of exercises to help readers develop their own Zoonotic strategies and defenses.
Here are 10 specific actions that reflect the learnings from the book:
- Regularly practice and amend your business procedures to ensure a fast and appropriate response to any potential threats.
- Stay abreast of evolutions and potential threats inside and outside your sector.
- Develop a compelling story to overcome resistance within your organization and increase engagement.
- Cultivate agility to function well in situations of great uncertainty and constant change.
- Identify where you can quickly gain access to experts and other resources, both inside and outside your company or country.
- Develop and test Zoonotic prevention scenarios.
- Invest in your network before you really need to make use of it. Establish good relations with your influencers before you need them.
- Monitor how a potential Zoonotic competitor unfolds its strategy in your market.
- Prepare your finances during the good times to build up a buffer of resources that will help you to fight back during a crisis.
- Develop your own Zoonotic defense strategy appropriate to your company, and start taking measures to either become your own Zoonotic or at least identify the advent of a hostile Zoonotic in your industry at the earliest possible moment.
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