July 28, 2006
- Fortune Doesn’t Know Jack?
Tom Peters says Fortune and Jack Welch are both wrong:
[1:51pm] - (add comment)“The real Welch magic, as I see it, can be summarized in just two words: EXECUTION MANIA. GE folks make promises—and keep them. This turns out to be Novel Idea No.1 in virtually all Big Cos, and most not-so-big-companies. Welch and GE live by: Execute. Execute. Execute.”
- Professor Irwin Corey:
“If we don’t change direction soon, we’ll end up where we’re going.”
[10:12am] - (add comment)
Dexter Filkins, writing in the New York TImes Magazine (2/19/06 – subscription required) about the new strategy the U.S. is pursuing in Iraq:
“In the classic arc of Greek tragedy, the hero rises to great heights, only to be brought low by his own hubris. In Iraq, the Americans may yet salvage a bloody success; commanders like General Peterson seem to believe to their bones that they can. But it’s also possible that something more crushing is in the works, with a slightly different trajectory than the Greeks had in mind: the mighty country invades a smaller one, commits countless errors and wastes thousands of lives. After a time, the mighty country gathers itself and does everything right. And it is too late.”Interesting because it demonstrates how having a strategy is essential, but it’s still only an educated guess. What happens depends more on other factors than the strategy itself. Don’t pursue the perfect strategy. Rather, put a decent strategy early on, then adjust it as reality smacks you in the face…
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