A Quote by Doug McMillon
Businesses grow and they don't change enough and they decline over time. Retailers do that on a bit of a faster cycle.
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I've always said the one change that would've been nice is if I'd been a bit faster - like fast enough to be able to run past people instead of just being overtaken all the time!
One of the things I've probably absorbed when I was in business school - and didn't know I was learning it - was about life cycles, that things begin, and they peak, and then they decline. So whether you look at life cycles of fashion, or you look at life cycles of things that people buy, designs, everything is in a life cycle. Getting out of the apparel businesses and into beauty and lingerie, those were very big bets, but they were very deliberately thought about and tested over time.
Our approach is to think of companies not as businesses but as collections of people. We [Apple]want to qualitatively change the way people work. We don't just want to help them do word processing faster or add numbers faster. We want to change the way they can communicate with one another. We're seeing less paper flying around and more quality of communication.
Every time I think about changing a diaper, I run a little bit harder and a little bit faster to make sure I can afford a nanny until my daughter's old enough to take care of that herself.
Two years gives you enough time to grow and to change, and to, you know, change your priorities. Change where you live, change your hair, change what you believe in, change who you hang out with, what’s influencing you, what’s inspiring you. And in the process of all of those changes in the last two years, my music changed.
I would think that most of the online business will be conducted by traditional retailers and that over 90 per cent of the e-retailers will, in fact, all go out of business.
If you're building a consumer app, you're necessarily coupled to the intrinsic time cycle of human fashion in that it's a fashion-driven space, and we see that in the cycle of these various apps. I think for infrastructure that that just naturally tends to play out over a longer time horizon.
The best way to lift people out of poverty and boost wages is to grow our GDP faster. While Trump is open to raising the minimum wage, the best approach is to grow faster.
We could make a difference just by holding our emissions steady as our businesses continue to grow. But that doesn't seem to be enough: we want to go all the way to zero... Today, I am announcing our intention to be carbon neutral, across all our businesses, by 2010.
Industries with rapid change are the enemy of the investor. Tech businesses, particularly biotech, is a problem from that point of view. All industries work with change, but you should ideally be investing in businesses with a low rate of change, not a high rate of change.
All of life presents itself as a cycle of cause and effect. When this cycle is negative, there are three ways to change. You can change the cause, change the effect, or choose the most powerful option become the cause!
In China, a lot of the opening up of private entrepreneurship is happening because women are starting businesses, small businesses, faster than men.
Nearly a decade of time is enough for everybody to change, quite a bit.
The speed of change today is faster than the human psyche seems able to handle, and it's increasingly difficult to reconcile the rhythms of our personal lives with the rapidity of a twenty-four-hour news cycle.
Ten percent of American businesses disappear every year. ... It's far higher than the failure rate of, say, Americans. Ten percent of Americans don't disappear every year. Which leads us to conclude American businesses fail faster than Americans, and therefore American businesses are evolving faster than Americans.
Most businesses change in character and quality over the years, sometimes for the better, perhaps more often for the worse. The investor need not watch his companies' performance like a hawk; but he should give it a good, hard look from time to time.
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