New Slides 09.08.2005

1
New Slides09.08.2005
2
09.08.2005
3
Chinese Apparel Makers Increasingly Seek the
Creative Work headline/NYT/08.05
4
The West Has Lost The Will To Fund Basic
Research headline/FT/08.05
5
drive growth at a company famous for its
discipline and productivity, but rarely thought
of as a hive of creativity Point (Advertising
Age)/09.05These days both Intel and Microsoft
are scrambling to pay the piper for years of
design entropy WSJ/08.05
6
HPs Big Duh!Decentralize (90B)Undo
MatrixAccountabilitySource HP Says
Goodbye To Drama/BW/09.05/re Mark Hurds first
5 months
7
Jeff Bowman.U North Dakota engineering.lives
Cariibbean.Indian calculus tutor Offshore
Learning Online Overseas Tutors Help Students in
USA/USA Today/08.05
8
HR doesnt tend to hire a lot of independent
thinkers or people who stand up as moral
compasses. Garold Markle, Shell Offshore HR
Exec (FC/08.05)
9
Excellence, to me, is the state of grace that
can descend only when one tunes out all the
worlds clamor, listens to an inward voice one
recognizes as wiser than ones own, and
transcribes without fear. Naomi Wolf
10
Turning Supermarkets Into Restaurants, Too
headline/NYT/08.05/re Whole Foods
11
Clear Signals!Robinson/500KPuckett/Public
Hanging
12
Real Women Have Curves, and Ads Marketers
Discover Rail-thin Models Arent Only Choice
headline/USA Today/ 08.05 (c.f. Womens Fashion
Fall 2005/NYT/09.05)
13
Before you can inspire with emotion, you must be
swamped with it yourself. Before you can move
their tears, your own must flow. To convince
them, you must yourself believe. Winston
Churchill
14
Your time is limited, so dont waste it living
someone elses life. Steve Jobs
15
09.02.2005
16
Scale?
17
All Strategy Is Local True competitive
advantages are harder to find and maintain than
people realize. The odds are best in tightly
drawn markets, not big, sprawling ones
Title/Bruce Greenwald Judd Kahn/HBR09.05 Sust
ainable domination is more likely in markets of
restricted size. It is paradoxical but true that
economies of scale are subject to scale
limitations themselves. When a market gets too
big, diseconomies of coordination can prevail
over economies of scale. Bruce Greenwald Judd
Kahn/All Strategy Is Local/HBR09.05
18
Some observers have argued that WalMart owes
its superior returns to its enormous size and, as
a consequence, its purchasing power. But if the
purchasing power that comes with size were
responsible for the companys success, then
WalMarts profitability should have increased as
the company grew. Yet its operating margins have
not increased since hitting their high watermark
in the mid-1980s. As WalMart has grown, its
profit margins have suffered in comparison with
those of more geographically concentrated
competitors, such as Target. Sams Club appears
to be no more profitable than Costco and BJs
Wholesale Club. The fact that Sams Club is the
least geographically concentrated of the three
competitors appears to have offset any advantages
derived from WalMarts efficiency. WalMarts
experience overseas tends to confirm the limited
impact of the retailers operating advantage.
Overseas returns are less than half its domestic
margins. Bruce Greenwald Judd Kahn/All
Strategy Is Local/HBR09.05
19
In media, broadly defined, actual experience has
been even more strikingly at odds with prevailing
strategic wisdom, which has proclaimed that
successful media companies would be those that
integrate content and distribution, are global in
reach and embrace and master new technologies.
None of the leading media companies Time Warner,
Viacom, Disney, News Corp has equaled the
performance of the SP 500 over the last 15
years. (NB also way below traditional newspaper
companies) Bruce Greenwald Judd Kahn/ All
Strategy Is Local/HBR09.05
20
For all their talk of the global convergence of
consumer demand, separate local environments are
still characterized, in both obvious and subtle
ways, by different tastes, different government
rules, different business practices and different
cultural norms. The more local a companys
strategies are, the better the execution tends to
be. Localism promotes decentralizationand since
the days of Alfred Sloan, decentralized
management has consistently served as a superior
structure for concentrating management
attention. Bruce Greenwald Judd Kahn/All
Strategy Is Local/HBR09.05
21
A position is not an accomplishment. TP
22
Joe Kramer, welder When my mothers toaster
went on the fritz, I asked myself, If I were
that toaster and didnt work, what would be wrong
with me? Mihaly Csikszentmihalyi, Flow The
Psychology of Optimal Experience, on empathetic
identification (Joe burdens vs
opportunities to master complex problems) (BC
vs JK)