 GE
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Jack Welch
summed up his prescription for winning in three words:
Simplicity is one of the keys to
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business. It
is an art form, with many definitions: "To an engineer, it's clean,
functional design with fewer parts. For manufacturing it means judging a
process not by how sophisticated it is, but how understandable it is to
those who must make it work. In
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marketing
it means clear messages and clean
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proposals to consumers and industrial
customers. And, most importantly, on an individual,
interpersonal level it takes the form of plain-speaking, directness –
honesty."...
More
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25 Lessons
from Jack Welch
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Google
On the
Web, simplicity is a
necessary condition for survival. If your website is difficult to use,
people leave. Keep
your website simple and visitors will use it.
Rapid growth of
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Google due to popularity of its ultra-simple interface is a prime
example.
Buffett's
Teachings on Investment
"The
business schools reward difficult complex behavior more than
simple
behavior, but simple behavior is more effective."
~
Warren Buffett
Warren Buffett is the world's most successful investor. Buffett's teachings
on investment are truly simple. Do not allow investment advisers to persuade you that
investment is a complex matter needing great expertise. Instead, learn how
to assess the fundamental and financial values of a business yourself, and
invest according to your convictions....
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Dell
Inc.
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Growing a company much faster than the
industry is growing is great, but when your company grows by as much as 127%
in one year, you can quickly outstrip your ability to manage it
effectively," says
Michael Dell,
Founder of the
Dell Inc.3
"For us, growing up meant figuring out a way to
combine our signature informal, entrepreneurial style and "want-do"
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attitude
with the "can-do"
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capabilities that would allow us develop as a company,"
continues Michael Dell. It meant, in particular, "respecting the three
golden rules at Dell: 1) Disdain inventory, 2) Always
listen to the
customer, and 3) Never
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sell indirect. It sounds simple, I know, but some of
the best practices are often the simplest. And even the simple practices
take time to institute."
Konosuke
Matsushita
Henry Ford once
remarked that the smarter the engineer the more likely he was to say that
something couldn't be done.
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Konosuke Matsushita,
Founder of Panasonic, had a similar idea about the connection between
knowledge and
innovation: "We speak of the
shortcomings of the purely intellectual approach, but this refers to our
wariness of half-baked theories that can prevent us from proceeding to a
practical solution. If necessity is the mother of invention, then simple,
unaffected determination is its father. Even when everyone around you say
it's impossible, if you step back and rethink your task in the simplest
possible terms, free of the noise of over-erudite and preconceived notions,
often
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the solution
will come to you, out of the blue, so to speak." For
this reason, Matsushita's own lack of formal education was a blessing in
disguise, allowing him to see to the heart of problems free of the
constraints of academic or unsubstantiated ideas.
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