A Quote by Bill Gates
Learning from mistakes and constantly improving products is a key in all successful companies.
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Microsoft has had its success by doing low-cost products and constantly improving those products and we've really redefined the IT industry to be something that's about a tool for individuals.
As a small-business man myself, I believe strongly that improving the health of small businesses is the key to improving the economy, growing the middle class, and creating innovative products and services.
Social media for the majority of companies is not about helping customers or improving products.
Fixing mistakes is one thing. Apple's bigger strength has been its ability to keep improving hit products.
If you are not constantly improving and learning, then you are going to be stuck and not progress.
... don't be afraid to screw up !... one of the key issues to learning is making mistakes ... if you're not making mistakes, you're probably not having a very good time
Learning from our mistakes is critical for improving, but even I don't have patience for ranking my regrets. Regret is a negative emotion that inhibits the optimism required to take on new challenges. You risk living in an alternative universe, where if only you had done this or that differently, things would be better. That's a poor substitute for making your actual life better, or improving the lives of others. Regret briefly, analyze and understand, and then move on, improving the only life you have.
Companies watch what consumers are doing like a hawk. Just as one letter to a politician can signal an insipient problem, for companies, a trend where people are beginning to switch away from one of their key products to a rival offering on the basis of either claims or real improvements on performance, that's significant.
Playing in the Championship and starting games, I'm learning something new every day and constantly improving my game.
Besides my strokes improving, I've gotten a lot more comfortable with the game. The travel's not so tough any more, I'm learning my way around the circuit. I'm learning to cope and I'm having fun. That's the key -- the tennis is fun and I'm really enjoying it.
The key question companies need to address is not 'Should we make mistakes?' but rather 'Which mistakes should we make in order to test our deeply held assumptions?'
As soon as error is corrected, it is important that the error be forgotten and only the successful attempts be remembered. Errors, mistakes, and humiliations are all necessary steps in the learning process. Once they have served their purpose, they should be forgotten. If we constantly dwell upon the errors, then the error or failure becomes the goal.
It used to be that American and European companies built their products in low-wage countries, separated by great distances from the innovators who developed the products and the markets where they were sold. But companies increasingly find that is an outmoded way of doing business.
The annals of business are filled with stories of companies that thought they had it made and could milk their enterprises without having to bother about improving their products or services. It's amazing how fast they found their markets disappearing.
If Canadian companies want to sell products to the E.U., they have to prove those products conform with E.U. product safety, health and environmental rules. This involves extra bureaucracy, controls and paperwork. If the U.K. had a Canada-style deal with the E.U., U.K. companies would have to do the same.
Alibaba spends money on improving the products and services, not on kickbacks. That's a good thing. It's called a value system, and because of that, we get more and more small- to medium-sized companies to support us in China.
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