Wednesday, March 01, 2006

the 4 untouchables: the special, the specialised, the anchored and the adaptable

paul romer: a crisis is a terrible thing to waste

every morning in Africa, a gazelle wakes up.
it knows it must run faster than the fastest lion or it will be killed.
every morning a lion wakes up
it knows it must outrun the slowest gazelle or it will starve to death.
it doesnt matter whether you are a lion or a gazelle.
when the sun comes up, you better start running
-African proverb

reform retail: upgrading infrastructure, regulatory institutions, education and culture to reduce friction.

in-forming: ability to build and deploy your own personal supply chain, seeking like-minded pple and communities

insourcing: 3rd party management and synchronisation of logistics

offshoring: moving whole factory offshore

open-sourcing: something like wiki

outsourcing: taking some specific, but limited in-house function and having another company perform that function before reintegrating it

glocalisation: absorbing foreign ideas and best practices and melding them with your own traditions

when tolerance is the norm, everyone flourishes- because tolerance breeds trust and trust is the foundation of innovation and entrepreneurship.

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