Business
by josh · updated 6mo ago
Business
Competition should not occupy the center of strategic thinking.
from Blue Ocean Strategy by W. Chan Kim, Renee Mauborgne, Renée A. Mauborgne
josh added 6mo ago
The creators of blue oceans, surprisingly, didn’t use the competition as their benchmark.17 Instead, they followed a different strategic logic that we call value innovation. Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competit
... See morefrom Blue Ocean Strategy by W. Chan Kim, Renee Mauborgne, Renée A. Mauborgne
josh added 6mo ago
“Strategy is accepting that you are doing something better than the other and the other is doing something better than you. You have to pick your fight.”
- Axel Dumas, CEO of Hermes
josh added 7mo ago
Talk doesn't cook rice
josh added 7mo ago
- With really good product-market fit, you can run your company like California and still be successful.
josh added 7mo ago
josh added 7mo ago
I remember talking to an owner of a series of car dealerships in Spain in 2011-2012. The business had seen some massive boom years prior to the Great Recession, but following that, sales had collapsed. So now he had hundreds of employees on the payroll milling around doing very little at all. He could see the demise of the business ahead, but he ju
... See morejosh added 8mo ago
- Entrepreneurship and hard work, not dynastic inheritance, is the primary path to a nine- or ten-figure net worth. Around three-quarters of the wealthiest 1% of American families
own
privately held businesses (compared to 5% of families in the bottom half of the wealth distribution), with business assets accounting for more than one-third of their ba... See morefrom In Defense of Billionaires | by Michael R. Strain - Project Syndicate by Michael R. Strain
josh added 8mo ago
“Somebody may beat me—but they’re going to have to bleed to do it.” from Shoe Dog.
josh added 9mo ago