"The computer is a moron." Peter F. DruckerI spent the entire day putting concepts together and thinking about the essence of strategy. It is amazing how little has been said about strategic management in dynamic and complex environments, i.e. almost in any industry nowadays. Most of the talk is about strategic planning and stuff created in the '80s or earlier.
Gary Hamel had a great article in Fortune already some years ago. Most of it is still valid beside some praising of Enron and other fallen stars.
After the dot-com boom it has been a time to build solid businesses again. Customer, not the investor, is the king again and here is a good reminder how to survive in the long term. Especially I liked those seven points at the end.
There is no other guru like Peter F. Drucker. Check his interview at Business 2.0 in 2000. Excellent piece:
Many of the newer Internet companies are struggling to keep their businesses afloat. What are they doing wrong?
Drucker: I don’t think they are doing anything wrong. They’re just not doing anything right.
I heard about Segway a few years ago. Then it was the most posh thing among rich people. Only a few had seen and tested it. They described it as a totally new concept that will change the world. Well, at least Phillip Torrone has been using it for 140 days and 700 miles with success.
Posted at April 23, 2003 09:18 PM