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Success tips from world's top management guru
January 15, 2009
Why don't people have economic opportunities? Because there's no information. You don't know what the price of fish is in the next village. The large-company Internet business models, the Internet poor, the new business models -- they're one big circle. They all interact with one another. But we have to make this a business issue.
A commitment to lead in the creation of new opportunities -- an opportunity-led management system -- is critical. Most often, managers change in reaction to a crisis or a problem, not in search of opportunities
People are intelligent enough to know what they are getting and not getting.
The greater the angst of sales and marketing managers over the decision to sell core products to outsiders, the more likely it is that the firm's in-house channels are less efficient than alternate distribution channels
How to distinguish non-core capabilities from core competence? In the broadest terms, a company many have 40 or more primary skills, but only 5-15 core competencies. Senior management has to focus on which competencies are at the centre of their business.
Also read: 9 market trends to watch out for in 2009
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