China is a vast, disparate country; there is no alternative to strong central power.
Lee Kuan YewRead
If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.
Interpretation
Failing to delegate tasks or utilize external resources can lead to a competitive disadvantage.
In this quote, Lee Kuan Yew emphasizes the importance of outsourcing and utilizing available resources to maintain a competitive edge in business. The quote suggests that if a business refrains from leveraging external help or services, while its competitors actively do so, it risks becoming obsolete and unable to compete effectively in the market.
In practice
In a business conference to highlight the importance of efficiency.
China is a vast, disparate country; there is no alternative to strong central power.
I can feel the gradual decline of energy and vitality. And I mean generally, every year, when you know you are not on the same level as last year. But that's life.
Political reform need not go hand in hand with economic liberalization.. I hold unconventional views about this.. I do not believe if you are a libertarian, full of diverse opinions, full of competing ideas in the market place, full of sound and fury, therefore you will succeed.
The human being is an unequal creature. That is a fact. And we start off with the proposition. All the great religions, all the great movements, all the great political ideology, say let us make the human being as equal as possible. In fact, he is not equal, never will be.
They say, oh, letβs have multiparty politics. Letβs have different parties change and be in charge of the Government. Is it that simple? You vote in a Division Three government, not a Division One government, and the whole economy will just subside within three, four years. Finished.
America's greatest long-term influence on China comes from playing host to the thousands of students who come from China each year, some of the ablest Chinese scholars and scientists. They will be the most powerful agents for change in China.
Profitability, growth, and safeguards against existential risks are crucial to strengthening a company's long-term prospects. But if these three factors constitute a company's 'hard power,' firms also need 'soft power': public trust and acceptance, won by fulfilling a company's social responsibility.
A good idea for a new business tends not to occur in isolation, and often the window of opportunity is very small. So speed is of the essence.
Too often, executive compensation in the U.S. is ridiculously out of line with performance. That won't change, moreover, because the deck is stacked against investors when it comes to the CEO's pay. The upshot is that a mediocre-or-worse CEO - aided by his handpicked VP of human relations and a consultant from the ever-accommodating firm of Ratchet, Ratchet and Bingo - all too often receives gobs of money from an ill-designed compensation arrangement.
The companies that survive longest are the one's that work out what they uniquely can give to the world-not just growth or money but their excellence, their respect for others, or their ability to make people happy. Some call those things a soul.
Entrepreneurs say in an economic boom it's actually hard to build a company because everybody's too excited and there is too much money funding too many marginal companies.
I never think in terms of how we can compete against the other companies; rather, our primary focus is to make consumers feel the uniqueness and attractiveness of our products.
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