summed up his prescription for winning in three words:
Simplicity is one of the keys to
is an art form, with many definitions: "To an engineer, it's clean,
functional design with fewer parts. For manufacturing it means judging a
process not by how sophisticated it is, but how understandable it is to
those who must make it work. In
it means clear messages and clean
proposals to consumers and industrial
customers. And, most importantly, on an individual,
interpersonal level it takes the form of plain-speaking, directness –
from Jack Welch
Web, simplicity is a
necessary condition for survival. If your website is difficult to use,
people leave. Keep
your website simple and visitors will use it.
Rapid growth of
Google due to popularity of its ultra-simple interface is a prime
Teachings on Investment
business schools reward difficult complex behavior more than
behavior, but simple behavior is more effective."
Warren Buffett is the world's most successful investor. Buffett's teachings
on investment are truly simple. Do not allow investment advisers to persuade you that
investment is a complex matter needing great expertise. Instead, learn how
to assess the fundamental and financial values of a business yourself, and
invest according to your convictions....
Growing a company much faster than the
industry is growing is great, but when your company grows by as much as 127%
in one year, you can quickly outstrip your ability to manage it
Founder of the
"For us, growing up meant figuring out a way to
combine our signature informal, entrepreneurial style and "want-do"
with the "can-do"
capabilities that would allow us develop as a company,"
continues Michael Dell. It meant, in particular, "respecting the three
golden rules at Dell: 1) Disdain inventory, 2) Always
listen to the
customer, and 3) Never
sell indirect. It sounds simple, I know, but some of
the best practices are often the simplest. And even the simple practices
take time to institute."
Henry Ford once
remarked that the smarter the engineer the more likely he was to say that
something couldn't be done.
Founder of Panasonic, had a similar idea about the connection between
innovation: "We speak of the
shortcomings of the purely intellectual approach, but this refers to our
wariness of half-baked theories that can prevent us from proceeding to a
practical solution. If necessity is the mother of invention, then simple,
unaffected determination is its father. Even when everyone around you say
it's impossible, if you step back and rethink your task in the simplest
possible terms, free of the noise of over-erudite and preconceived notions,
will come to you, out of the blue, so to speak." For
this reason, Matsushita's own lack of formal education was a blessing in
disguise, allowing him to see to the heart of problems free of the
constraints of academic or unsubstantiated ideas.