just got to constantly focus on
innovation. And more competitors. You've got to constantly produce more
for less through intellectual capital. Shun the incremental, and look for the
Now the fundamentals have got to be more education. More information
knowledge, faster speeds, more technology across the board.
Winning in Business
Invest in continuous education and training
Now, when everybody's job is many times
faster than it was few years ago, the fundamentals have got to be more
education, more information knowledge. "Everyone has to be gearing
themselves to a faster pace, to
more competitiveness, to more
intellectual capital. That's the game."
Shun the incremental and go for
fast-growth, higher-risk businesses with dependable and steady ones. The
rapid growth of a business may well be unpredictable. The dependable
businesses, though, give a company "enormous staying power" and underpin
a balanced portfolio. Constantly improve productivity. Successful
companies value incremental gains. But make also
yourself rather than be disrupted.
Invest in young innovative firms, especially if a
relationship between the venture and one of more of your businesses is
Search for the best ideas
innovative atmosphere where people are confident that how far and fast
they move is constrained only by the limits of their
and drive and by their standards of personal excellence. Establish a "boundaryless"
culture in which all employees at all levels of the company participate
in innovation and problem solving. "The only
ideas that count are the A
ideas. There is no second place. That means we have to get everybody in
the organization involved. If we do that right, the best ideas will rise
to the top."
Smart & Fast
Idea Evaluation Techniques
systems thinking and
Seek to improve and optimize the totality of your business rather than the
profits of its components. "Everything about this enterprise is doing
more with less. It needs rejuvenation all the time. Quality is the next
in the learning process. Getting rid of
Getting rid of fat. Involving everyone. All that was to
get more ideas. The whole thing here is to create a
Invest in information
technology and information management
"The Internet is the Viagra of big business," says Jack Welch. Today
information is understood as a competitive necessity, from resolving
internal organizational issues to addressing market-based
hour per week learning what competitors are doing
Spend time on their websites, or studying their ads, catalogues
and conference papers.