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Most companies don't die because they are wrong they die because they don't commit themselves. They fritter away their momentum and their valuable resources while attempting to make a decision. The greatest danger is standing still.
Andy Grove
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Andy Grove
Age: 79 †
Born: 1936
Born: August 2
Died: 2016
Died: March 21
Businessman
Computer Scientist
Engineer
Entrepreneur
Writer
Buda Pest
Andrew Stephen Grove
Andy Grove
András István Gróf
Andras Istvan Grof
Decision
Attempting
Company
Companies
Dies
Commit
Wrong
Valuable
Away
Resources
Stills
Standing
Still
Danger
Fritter
Make
Greatest
Momentum
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Success breeds complacency. Complacency breeds failure. Only the paranoid survive.
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The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example.
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Technology happens, it's not good, it's not bad. Is steel good or bad?
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Make mistakes faster.
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Most Americans probably aren't aware that there was a time in this country when tanks and cavalry were massed on Pennsylvania Avenue to chase away the unemployed.
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Competition is warfare. Mostly it is played by prescribed rules--there is a sort of Geneva Convention for competition--but it's thorough and often brutal.
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Investment decisions and personal decisions don't wait for the picture to be clarified.
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The most important role of managers is to create environment in which people are passionately dedicated to winning in marketplace.
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The future is going to take care of itself, like it always has.
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I believe in the value of paranoia. Business success contains the seeds of its own destruction. The more successful you are, the more people want a chunk of your business and then another chunk and then another until there is nothing left.
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Just as you would not permit a fellow employee to steal a piece of office equipment, you shouldn't let anyone walk away with the time of his fellow managers.
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Think about it. Right now, a whole generation of young (customers) in the United States has been brought up to take computers for granted. Pointing a mouse is no more mysterious to them than hitting the on button on the television is to their parents.
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The Internet doesn't change everything. It doesn't change supply and demand. It doesn't magically allow you to build businesses by turning investors' money into operating expenses indefinitely. The money always runs out eventually.. the Internet doesn't change that, as we have seen.
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If the brutal facts are not faced by leaders, the brutal reality sets in.
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The worse the news, the more effort should go into communicating it.
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You have no choice but to operate in a world shaped by globalization and the information revolution. There are two options: adapt or die.
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Whatever success we have had in maintaining our culture has been instrumental in Intel's success in surviving strategic inflection points.
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Accept that no matter where you go to work, you are not an employee you are a business with one employee, you. Nobody owes you a career. You own it, as a sole proprietor.
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