MANILA - "Monday people" who look forward to the start of the work week are more poised for success, compared to "Friday people" who live for the weekend, an entrepreneurship professor said Monday.
"You need to be passionate about what you do," said Paris de l’Etraz from the IE Business school of Madrid, a self-confessed "Monday person."
"Friday people are looking forward to the weekend. They hate what they're doing all week," said l'Etraz, who is in Manila for a speaking engagement.
Filipino companies should look at the example of Amazon, which looked outside the US to Germany and acquired a company that laid the foundation for its Alexa digital assistant, l'Etraz said.
Alexa is used by millions in the US and its companion smart speaker is present in most American kitchens, l'Etraz said.
"It's the big companies that need to start thinking differently," l'Etraz told ANC's Early Edition.
"Philippine companies have the potential to reach out and see what startups there are in the world that are solving problems that they have back here and then creating models maybe with future entrepreneurs," he said.
The sharing economy led by Airbnb and Uber have gained traction thanks to millennials who are comfortable dealing with relative strangers and transacting online.
"Emotional intelligence is increasingly becoming the way that people innovate. In everything that they do, there's this obsession with the customer," he said.
"We are living in a world where people are looking for meaning. When people are looking for meaning, they want experiences and outcomes more than products and services," he said.