Entrepreneurship:
“Entrepreneurs should not let limited resources constrain their ambitions or let deeply ingrained biases blind them to revolutionary change”
Core competence:
“Companies must identify and focus on their competitive strengths”
“How many senior executives discuss the crucial distinction between competitive strategy at the level of a business and competitive strategy at the level of an entire company?”
The Future of Competition:
“’Company-centric’ approach to product innovation is giving way to a world in which companies ‘co-create’ products with consumers.”
Fortune at the Bottom of the Pyramid:
“Entrepreneurial ingenuity… amid such poverty, where success depends on squeezing the most out of minimal resources to furnish quality products at rock-bottom prices, has cosmic implications for executives and consumers everywhere. Some of the most interesting companies of the future won’t emerge from Silicon Valley or other places of abundant means, they will come from places many executives don’t even think about because they have been considered too marginal. They won’t have that excuse for much longer, though.”
Dominant Logic:
“It’s quite an art to get a board filled with past and current CEOs to think of the world in a different way.” “…to shake free of their dominant logic.”
Outsourcing:
“Many companies don’t understand yet that outsourcing isn’t about exporting jobs. It’s about importing innovation.”
The New Age of Innovation:
“The economic crisis is an opportunity for organizations to re-engineer their businesses and create new models of delivering products & services to their customers”
Next practice, not best practice:
“It’s not about adopting best practices; it’s about finding next practices to leapfrog from being behind to adopting next generation tools.”





