A Quote by Andy Jassy
A lot of companies really will only pursue businesses that are adjacent or look like an extension of their current business - which by the way is a completely rational strategy.
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People believe that companies have always had strategies, dating back at least to likes of Henry Ford or Andrew Carnegie, maybe to the contractors who built the Pyramids. As it turns out, it was only in the 1960s and 1970s that a new breed of "business intellectuals" began to develop the intellectual framework that allowed companies to look at the three "C's" of any good strategy - namely their costs, customers, and competitors - in an integrated way.
If 'Spectator Business' works, we will continue this brand extension strategy and look at everything from 'Spectator Arts' to 'Spectator Style and Travel' or 'Spectator Connoisseur.'
If you look at America, one of the great strengths of America is its university towns and the way a lot of their businesses and a lot of their innovation and enormous economic growth have come from reducing that gap, getting those universities directly involved in start-up businesses, green field businesses, new development businesses.
There are people who are better managers than I am. I aspire to be a really good manager, but it's not my natural personality to do the same thing for 14 hours a day. I have a lot of different interests. I really like product and strategy and business strategy, and I think I'm not bad at it.
Companies will need to pursue a more diversified business model, but I think those companies that have what I call a focused diversified business model will be more successful.
It's important to have a really clear strategy so when you are in business, you only have to make micro-strategy changes.
Looking at acting, in the movies or the theater, and the way I like to look at it, it’s just an extension of childhood play… Kids play and imagine in a very intense fashion and they don’t need any director telling them “You really have to believe in it.” They believe in it completely.
Looking at acting, in the movies or the theater, and the way I like to look at it, it's just an extension of childhood play... Kids play and imagine in a very intense fashion and they don't need any director telling them, 'You really have to believe in it.' They believe in it completely.
In Europe, we don't only take offence when one company is treating another company in a way that's illegal. We also look at if governments are joining up with companies that makes it more difficult for other companies. We also see that sometimes government actions can make it very difficult for businesses to compete on their merits.
We don't have much in the way of a business strategy. Like no business plan. Which I say to torment all my friends who are VCs or MBAs. That's always entertaining. The deal is, it's a mixture of luck and persistence.
The problem with a lot of marketing advice is that the examples they use are not exactly typical. It's hard for businesses, particularly smaller businesses, to relate to the bold innovations of companies like Apple or Tesla.
Business is the most powerful force in society. It has the highest potential for solving social problems. Once consumers saw examples of prosperous companies integrating social concerns into their business practices, they were emboldened to demand the same of other businesses. Businesses could no longer say it was impossible.
Under the current U.S. policy, because of this power struggle, American oil companies can't do business with Iran. So I think the ultimate goal of the U.S. administration in Iran is regime change, to put into power a pro-Western government that will eliminate the strategic challenge to U.S. interests and, at the same time, allow the lifting of sanctions and allowing American oil companies to do business with Iran.
Only a few businesses will succeed by having the lowest price, so most will need a strategy that includes customer services.
Philosophy is not a body of knowledge to impart to someone, that's why reading philosophy books isn't always the best way of learning philosophy. Philosophy is really more the process of rational engagement, rational reflection with a diversity of views and ideas and opinions and trying to sort of reason your way through to a more reflective position. I think if you look at it that way, philosophizing is to some extent some small way a part of almost everyone's lives although they don't recognize it as such and a lot of people are embarrassed about it.
If you look at our original business model with the verticalized law firm, a lot of these companies that have this kind of full stack model are not going to survive. A lot of these companies, Atrium included, did not figure out how to make a dent in operational efficiency.
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