The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.
C. K. PrahaladRead
If your aspirations are not greater than your resources, you’re not an entrepreneur.
Interpretation
Entrepreneurs must aim higher than their current resources to succeed.
This quote emphasizes the mindset of entrepreneurs, suggesting that true entrepreneurial spirit requires one to dream and aspire beyond what is readily available or known. It highlights that innovation and success come from striving for greater ambitions and leveraging what one has to create new opportunities.
In practice
This quote can be shared during a business seminar to inspire aspiring entrepreneurs.
The real source of market promise is not the wealthy few in the developing world, or even the3 emerging middle-income consumers. It is the billions of aspiring poor who are joining the market economy for the first time.
If we stop thinking of the poor as victims or as a burden and start recognizing them as resilient and creative entrepreneurs and value conscious consumers, a whole new world of opportunity will open up.
Strategy is about stretching limited resources to fit ambitious aspirations.
The hope with Tipping Point was it would help the reader understand that real change was possible. With Blink, I wanted to get people to take the enormous power of their intuition seriously. My wish with Outliers is that it makes us understand how much of a group project success is. When outliers become outliers it is not just because of their own efforts. It's because of the contributions of lots of different people and lots of different circumstances.
I think when I was younger, I wanted to be a star, until I became a star, and then it's a lot of work. It's work to be a star. I don't enjoy the stardom part. I only enjoy the creative process.
And if God has given you a lot of ability, I believe you should be held to a higher level of expectation.
Talent is a process, not a thing. Failure is not proof of an innate limit but rather is an indication of a skill we haven’t yet developed.
I appreciate all my fans, on all occasions, everyday of my life. Its your presence & your loyalty that has given me great strength
I am the same person I was before receiving the Nobel Prize. I work with the same regularity, I have not modified my habits, I have the same friends.
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