How can any company know if its processes, products, people are safe? Only if everyone is watching and telling the truth. The first part can be assumed; the second cannot.
Margaret HeffernanRead
I don't think a true company - one that builds sustainable value - can ever only exist online or remotely.
Interpretation
A successful company needs physical presence and personal connections, not just an online existence.
Margaret Heffernan emphasizes the importance of building genuine, lasting relationships in business. While technology and remote work can enhance operations, they cannot replace the value of in-person interactions and a tangible community that contribute to a company's sustainability and success.
In practice
In a business conference, to highlight the importance of personal connections.
How can any company know if its processes, products, people are safe? Only if everyone is watching and telling the truth. The first part can be assumed; the second cannot.
Most executives I know are so action-oriented, or action-addicted, that time for reflection is the first casualty of their success.
Once you have power, you are inevitably surrounded by people who have their own agendas and will tell you whatever advances them.
If the company depends entirely on you - your creativity, ingenuity, inspiration, salesmanship or charisma - nobody will want to buy it. The risk and the dependency are too great.
Those in powerless positions aren't about to complain about bullying bosses, abusive supervisors or corrupt co-workers. There is no safe way to do so and no process that promises redress.
Bosses and leaders everywhere should cherish the people who bring them bad news, disappointing data or hard problems.
Smart companies fail because they do everything right. They cater to high-profit-margin customers and ignore the low end of the market, where disruptive innovations emerge from.
A business owner is the boss, but it's a job, a place that is stable and profitable. An entrepreneur is an artist of sorts, throwing his/herself into impossible situations and seeking out problems that require heart and guts to solve. Both are fine, but choose.
I think any company should compete on the quality of their products, their prices, the novelty they can produce, their services, because that would be fair competition.
China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.
It is more important to do what is strategically right than what is immediately profitable.
The NBA is never just a business. It's always business. It's always personal. All good businesses are personal. The best businesses are very personal.
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