December 13, 2004
News & Opinion: Re-Imagine Summit - Saturday Morning Session
This is how he started this morning:
26 min - Time Between New Chinese Factories being built
43 hours - Time Between New Chinese Research and Developements Labs
168/18,5000/51,000 - Miles of interstate quality highway in China in 1992/2004/2005 (next year they will have more interstate
02.12.01 - Human Genome becomes available on the internet
2 min, 38 sec - time between deaths caused by hospitals
Consider your motivations -> Welch wanted Honeywell because United Technologies wanted them too. It was about history.
Incrementalism is the worst enemy of innovation
"Beware of the tyranny of making small changes to small things. Rather, make big changes to big things" - Roger Enrico, former chairman, Pepsico [there was a lot of discussion around this point; how do you know what a big change is.]
Surround your self with crazy people. Also surround yourself crazy suppliers.
Man who not smile should not open shop - (possible) Chinese proverb
R.POV.8 - Remarkable Point of View in 8 words or less
Everything You Need to Know about "Strategy"
Andrew Lambert's Nelson: Britannia's God of War
Tom is not a big fan of Built to Last. This is well-known. He says these companies are the waterline - Walgrens, Pitney-Bowes, Kroger. Who are the company that are setting the agenda? They do it for awhile and keep their competitors awake. It's Ford 90 years ago. It's Sears 40 years ago. It's The Gap 5 years ago. Now, it's Wal-Mart, Dell, and Apple.