Silicon Central eConference Lexington 06 June 2000

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Silicon Central eConferenceLexington06 June
2000
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Theres going to be a fundamental change in
the global economy unlike anything we have had
since the cavemen began bartering.Arnold
Baker, Chief Economist, Sandia National
Laboratories
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No Wiggle Room! Incrementalism is innovations
worst enemy. Nicholas Negroponte
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The Relentless Search for Big Ideas!
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Forget LearnThe problem is never
how to get new, innovative thoughts into your
mind, but how to get old ones out.
Dee Hock
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It is generally much easier to kill an
organization than change it substantially.
Kevin Kelly, Out of Control
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Acquisitions are about buying market share. Our
challenge is to create markets. There is a big
difference. Peter Job, CEO, Reuters
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Our ideal acquisition is a small startup that
has a great technology product on the drawing
board that is going to come out in six to twelve
months. We buy the engineers and the next
generation product.
John Chambers, Cisco
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Valley Exec on Cisco StrategyMaybe you
overpay for a company, but its the pick of the
litter and you havent frittered away boatloads
on RD
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R DIntels venture fund 275 investments,
8BSource Fast Company , eCompany
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Built to Last v. Built to FlipThe problem with
Built to Last is that its a romantic notion.
Large companies are incapable of ongoing
innovation, of ongoing flexibility.Increasingl
y, successful businesses will be ephemeral. They
will be built to yield something of value and
once that value has been exhausted, they will
vanish.Fast Company (03-00)
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We havent been able to start new businesses
within existing businesses.Enron exec
Fortune/06.00
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• if they set up a completely independent
  organization and let that organization attack the
  parent.
  
• Clayton Christensen, The
  Innovators Dilemma

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Even if executives of established businesses
grasp the impact of new technologies they still
face a massive competitive disadvantage precisely
because they are incumbents. They do complex
financial calculations and get bogged down in
internal political debates. Insurgents have no
such inhibitions. Philip Evans Thomas
Wurster, Blown to Bits
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C.E.O. to C.D.O.
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The Gales of Creative Destruction29M -44M
73M4M 4M - 0M
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Paradox ReduxAtlanta 113,600 1 metro
areaLayoffs major BellSouth, Lockheed,
Coca-Cola
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Reward excellent failures. Punish mediocre
successes.Phil Daniels, Sydney exec
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Characteristics of the Also Rans

• minimize risk
• respect the chain of command
• support the boss
• make budget

Source Fortune on most admired
global corporations (10/26/98)
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Issue Y2KThe Great War for Talent!
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When land was the scarce resource, nations
battled over it. The same is happening now for
talented people.Stan Davis Christopher
Meyer, futureWEALTH
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The markets being divided up right now. Were
in a tough competition with the U.S. and the
U.K. for the best brains.Gerhard Schroeder,
on Germanys new tech immigration
policyFrankfurter Allgemeine/06.02.00
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Tomorrows HeadlinesMolecular biologists are
up 3 points, economists down 1/4 , in moderate
tradingfutureWEALTH, Stan Davis and
Christopher Meyer
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There is no talent shortage if you are
a GPTWGreat Place To Work
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The surplus society has a surplus of similar
companies, employing similar people, with similar
educational backgrounds, coming up with similar
ideas, producing similar things, with similar
prices and similar quality.Kjell Nordstrom and
Jonas Ridderstrale, Funky Business
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We make over three new product announcements a
day. Can you remember them? Our customers
cant!Carly Fiorina
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Wealth in this new regime flows directly from
innovation, not optimization. That is, wealth is
not gained by perfecting the known, but by
imperfectly seizing the unknown.Kevin Kelly,
New Rules for the New Economy
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Brand It! Now, More Than Ever!The increasing
difficulty in differentiating between products
and the speed with which competitors take up
innovations will assist in the rise and rise of
the brand.Gillian Law and Nick Grant,
Management New Zealand
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Create a Cause, not a business.Gary Hamel,
Fortune (06.00), on re-inventing a company
(Exemplar 1 Charles Schwab)