A Quote by Jill Lepore
When business became big business - conglomerates employing hundreds and even thousands of people - companies divided themselves into still smaller units.
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The transformation at the corporate level was achieved by selling off business units in old markets and by creating new business units to pursue the new opportunities. But the individual business units themselves within those transformed corporations were almost inert to change.
It's like in biological evolution: The population will evolve, even though individuals can't. The same thing happens in the corporate world: The population of business units within corporations evolves, even though individual business units can't. That's because the capabilities of business units reside in their processes and their values, and by their very nature, processes and values are inflexible and meant not to change.
You can invest to create the new growth business while the core business is still growing, because new business units don't need to get big fast. But when the core business stops growing, investing to create new growth businesses becomes impossible.
Today, public companies don't like the idea of conglomerates. People want to buy something in which they know where they are putting their money - into the food business or the oil and gas business. They don't want to put their money into a hodge-podge as a general rule.
The simple opposition between the people and big business has disappeared because the people themselves have become so deeply involved in big business.
It's far more difficult being a small-business owner starting a business than it is for me with thousands of people working for us and 400 companies. Building a business from scratch is 24 hours, 7 days a week, divorces, it's difficult to hold your family life together, it's bloody hard work and only one word really matters - and that's surviving.
Startups are companies that are still in the process of searching for a business model. Ventures that are further along and executing their business models are no longer startups; they are early-stage companies.
The world is a nested space, and so we have our brain as a person, and people are members of teams, and teams are part of business units, and business units are parts of corporations, and corporations are part of industries, which are part of economies.
I assumed a business like a film studio would behave like a business and still want to protect its own interests, still do the best it could to get as many people paying for as many of their movies as possible. I realized this is not actually a business about business: it's a business of egos and dominance.
I'm amazed by the potential of more companies employing integrated philanthropic initiatives at earlier stages in their life cycle. What if this were done on an even more massive scale? Consider what would happen if a top-tier venture-capital firm required the companies in which it invested to place 1% of their equity into a foundation serving the communities in which they do business.
When it comes right down to it, whatever business you're in, you're in the people business. After all, people prefer to do business with people and companies they find likeable.
Time passed. Art came off the walls and became rituals. Ritual became religion. Religion spawned science. Science led to big business. And big business, if it continues on its present, mindless trajectory, could land those lucky enough to survive its ultimate legacy back into caves again.
We have 400,000 small businesses forming every year in this country. How great is that? They are employing themselves, they are potentially employing others. The bad news is, we have 470,000 going out of business every year. And why? They cite Obamacare.
One of biggest lies in politics is the lie that Republicans are the party of big business. Big business does great with big government. Big business is very happy to climb in bed with big government. Republicans are and should be the party of small business and of entrepreneurs.
The music business has changed incredibly. There used to be 50 record companies. Now there's only three, and it's just getting smaller and smaller. But then again, you have the Internet, so anybody who has music can get it out there.
If you are a person with big dreams and would love to support others in achieving their big dreams, then the network marketing business is definitely a business for you. You can start your business part-time at first and then as your business grows, you can help other people start their part-time business. This is a value worth having - a business and people who help others make their dreams come true.
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