Lochhead on Marketing

106 Did The Roaring 2020s Just Start? Bannister Breakthroughs (Part 1)


Listen Later

Welcome to a special two-part series on Lochhead on Marketing called, “Did the Roaring 2020s Just Start?” In this episode, we talk about the Bannister Breakthroughs, and how its influence can be seen everywhere today.
We believe there is a chance we could be heading into a time of unprecedented economic growth. We’ll get to the specifics of it in part 2, but for this episode, let’s talk about how category breakthroughs can lead to even more category breakthroughs. If we play our cards right, we might be living at the greatest time for new innovation in history!
This two-part series is based on a recent letter published in Category Pirates, my newsletter with the legendary co-pirates Eddie Yoon and Nicolas Cole.
Breaking Through the Limits
On May 6th 1954, a young British land named Roger Bannister broke the four-minute mile. Before the feat was achieved, this was deemed impossible or only doable under the right circumstances. Yet Bannister broke records and expectations by doing it his way.
The Harvard Business Review published a terrific summary of the story:
“The four-minute barrier stood for decades — and when it fell, the circumstances defied the confident predictions of the best minds in the sport. Experts believed they knew the precise conditions under which the mark would fall. It would have to be in perfect weather — 68 degrees and no wind. On a particular kind of track — hard, dry clay, and in front of a huge, boisterous crowd urging the runner on to his best-ever performance. But Bannister did it on a cold day, on a wet track, at a small meet in Oxford, England, before a crowd of just a few thousand people.”
Roger Bannister’s achievement served as the breakthrough that led to more breakthroughs in the world of competitive running. Only 46 days later, the “impossible” record was broken again. A year after that, three runners broke the four-minute mile in a single race.
Much like Bannister, legendary innovators and category designers make the impossible possible. While it may seem mundane now — like Bannister’s four-minute breakthrough, it still serves as a catalyst for others to believe that something impossible could be done. It makes people receptive to the idea that there is a possibility that they can explore which leads to a different future.
Creating a Before and After
The results of a Bannister Breakthrough or creating a revolutionary category always creates a before and after. People who bear witness to both sides are changed as a result. They either embrace it, or find new ways and breakthroughs themselves.
“Category designers, innovators, entrepreneurs, that's what they do. They create a before and after they change reality, they make new possibilities into new realities.” - Christopher Lochhead
Category designers create a before and after they change reality, they make new possibilities into new realities.
In Rogers' case, he smashed an imaginary what seemed like an immovable milestone. His breakthrough, like all legendary breakthroughs, opened up others to ask, “What else is possible?”
Bannister Breakthroughs Everywhere
Fast forward to today, where you can see Bannister breakthroughs happening everywhere. With information at our fingertips, you’ll see people come up with new categories to solve things others didn’t know they even needed up until today.
For a more relatable example, having a large-scale remote workforce wasn’t deemed possible before. It was always a means for emergency access to work for some, and usually only available for managerial roles. Yet within the span of a year, we’ve seen businesses thrive in full-remote or hybrid setups worldwide.
As these breakthroughs continue to happen, just like back in Roger’s days, there are three categories of people:
“There are the people who make the change. There are the people who sit there and go, “oh look, something just changed”. And there are people who say, “What the fuck, did something happen?” - Christopher Lochhead
...more
View all episodesView all episodes
Download on the App Store

Lochhead on MarketingBy Christopher Lochhead

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

187 ratings


More shows like Lochhead on Marketing

View all
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch by Harry Stebbings

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

533 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

172 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,821 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,085 Listeners

The StoryBrand Podcast by StoryBrand.com

The StoryBrand Podcast

1,935 Listeners

The Digital Marketing Podcast by Daniel Rowles and Ciaran Rogers

The Digital Marketing Podcast

114 Listeners

Christopher Lochhead Follow Your Different™ by Christopher Lochhead

Christopher Lochhead Follow Your Different™

530 Listeners

Masters of Scale by WaitWhat

Masters of Scale

3,986 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

234 Listeners

Inside the Strategy Room by McKinsey & Company

Inside the Strategy Room

169 Listeners

The CMO Podcast by vYve & Jim Stengel

The CMO Podcast

350 Listeners

Guy Kawasaki's Remarkable People by Guy Kawasaki

Guy Kawasaki's Remarkable People

649 Listeners

Marketing Made Simple by StoryBrand.com

Marketing Made Simple

292 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

203 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

355 Listeners