Keynote 1:The Knowledge Trap “The Knowledge Trap,” encompasses three categories of knowledge: Known Knowns, Unknown Knowns, and Unknown Unknowns." The latter impacts lifetime investment viability and return on investment (ROI). 60% of all hospitality ventures fail in the 1st year. 80% fail in the first 5 years! Karen Taylor Dade challenges hospitality leaders to rethink their approach. To focus on human-centered design inclusive of community, culture, and connection. With decades of firsthand experience with startups and reviving failed businesses, Karen elucidates how leveraging past success and expertise undermines future project opportunity and viability. | Key Takeaways: - Take a deep dive into your “holistic vision”.
- Master the principles of Future-Forward design by balancing sustainability, innovation, and practicality.
- Embrace opportunity that enables you to pivot at times of external disruption.
- Integrate bespoke hospitality solutions to leverage local points of difference before starting on site planning.
- Leverage niche market opportunities to optimise ongoing media opportunities.
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