A Quote by Bill Vaughan
To make HP a great company once again, we need more than competitive costs and operational efficiency. We're in the process of assessing and refining our growth strategy, and the same concepts that were behind our operational changes will be at work here: simplicity, focus, alignment, and execution.
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Good C-suite executives rise to the top because they can execute. Good execution at the operational level requires us to have a solid handle on details - that doesn't mean operators don't delegate, it just means that they have a strong line of site to the front lines because they know that is where operational success is driven. As people move into the c-suite, they hold on to their operational persona and likely feel the need to do more. But success in the c-suite comes from our ability to be more strategic and trust that we have selected highly qualified people to take our places.
As a sovereign state, we should have operational command of our forces returned to us at an appropriate time. Korea and the United States have already reached an agreement where we will receive operational control of our forces when the conditions are met.
Chains do more than bargain down prices from suppliers or divide fixed costs across a lot of units. They rapidly spread economic discovery - the scarce and costly knowledge of what retail concepts and operational innovations actually work.
Operational risk is the risk of loss resulting from bank operational failures, such as rogue traders, fraudulent sales practices, and cyber risks. Operational risk capital is money or assets that banks have to hold to shield the economy from the consequences of these kinds of failures.
The U.S. can become carbon neutral in our lifetimes. In the process, we will put millions of Americans to work, make our companies more competitive, and shield our communities from extreme weather. And we will honor our obligation to leave the world a better place for future generations.
We've proven that our technology works and that Hyperloop One is the only company in the world that has built an operational Hyperloop system. As we move towards the commercialization of our technology, we'll continue to work with governments and embrace public-private partnerships to reimagine transportation as we know it.
People believe that management consultants are mostly useless parasites. Up until about 1980 it was consultants more than anyone else who came up with the critical concepts behind strategy. The history of strategy suggests there are lots of things consultants can do for a company that the company can't typically do for itself.
We believe this combination of excellence in operations and strong execution of our strategy is critical to achieve our vision. We will continue to focus on both in future as well.
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.
Sometimes we make the process more complicated than we need to. We will never make a journey of a thousand miles by fretting about how long it will take or how hard it will be. We make the journey by taking each day step by step and then repeating it again and again until we reach our destination.
If we want to make relatively minor changes in our lives, we can perhaps appropriately focus on our attitudes and behaviors. But if we want to make significant, quantum change, we need to work on our basic paradigms.
Generally, what people tend to underestimate is the cyborg nature of Groupon. We are a company that has the DNA of being both a technology company and a heavily operational company.
Excellence matters, and technology advances so fast that the potential for improvement is tremendous. So, since becoming CEO again, I've pushed hard to increase our velocity, improve our execution, and focus on the big bets that will make a difference in the world.
I got elected on a commitment to Canadians that I was going to make growth work for everyone. I was going to focus on the middle class and those working hard to join it. I was going to make sure that the people who felt that the growth in the economy had left them behind would be included. That's similar to the promise that got Trump elected. Now, our approaches to the same problems are somewhat different. But in my conversations with him, we've very much been able to agree that we want to help the citizens of our countries in tangible ways.
There's a fundamental distinction between strategy and operational effectiveness.
I don't know what 'operational control' of the border means, but I do understand the English language. And as I understand that phrase, that's not true. We do not have operational control.
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