Overcoming challenges by having the courage of your convictions

The speaker discusses joining a global alliance of telecom companies to evolve service development. They highlight the Internet's role in redefining data exchange and propose a distributed bit billing system to value data bits over network capacity. Challenges with monopolies and oligopolies in adopting innovation are addressed. The speaker successfully persuades their employers to support a management buyout, emphasizing the importance of conviction and courage in pursuing new ideas.

What was the outcome of the speaker's argument for the management buyout?

According to the speaker, what is essential for proposing an idea and following it through?