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May31
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Know More:
Andy Grove Andy Grove Hype Busting, Andy Grove Management Secrets, Andy Grove Management Style, Fire Yourself, Future, Innovation, Intel, Internet Economy, Managing Change, Managing Growth, Managing Technology Company, Only Paranoid Survive, Rational Exuberance, visionary
"Visibility on the ground is bad, and the roadmap--well, that can't be trusted either." One of the major strengths that Andy Grove had was to be able to move outside his personal involvement in Intel (NASDAQ:INTC), and look at everything from an objective perspective. That's why he was able to let go of his instincts, since so many times they can be wrong; not only for him but for anybody.
Many times in business you don't see the cliff until you've already started to plunge off it. Grove's greatest weapon against it was to view the business like a disinterested observor. That's true objectivity. Grove learned and trained himself to look at himself from the view of another person. He didn't fall in love with anything in the business as far as operations go, and he was willing to do what he needed to adapt to the changing circumstances.
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May30
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At the D6 conference yesterday, Dean Kamen showed again the amazing creation he and his team made, a prosthetic robot arm controlled by the mind. It is nicknamed "Luke," after the arm fitted to Luke Skywalker in Star Wars.When it...
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May29
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Saying that so-called child protection services had overstepped their authority, the Texas Supreme Court ruled today that the children must be returned to their families. This is an affirmation of the decision by the appeals court last week, which made...
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Flight attendants for Delta Air Lines Inc. (NYSE:DAL) voted to reject the national labor union, the Association of Flight Attendants, or AFA. They prefer to negotiate directly with company leadership rather than paying an in-between to do it. Delta felt...
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May28
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In his post-administration days, former White House spokesman Scott McClellan has decided the best way to sell books and get his name back in the public eye is to trash his former employer, and those around him. And that's what...
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May27
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For the second time in a year, General Electric (NYSE:GE) has filed a lawsuit against SonoSite (NASDAQ:SONO) for patent infringement. Both times the lawsuit has centered around ultrasound equipment.The newest lawsuit is again over hand-held ultrasound equipment, which SonoSite says...
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May25
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"To cure the British disease with socialism was like trying to cure leukaemia with leeches."Forced redistribution of wealth, which is what socialism is, is attempting to rear its ugly head again, as its proponents attempt over and over again, through...
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May24
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"Focus on outward contribution. Gear efforts toward results rather than work."For Peter Drucker, it was a huge mistake for a business executive to focus on the work to be done, or worse, the "techniques and tools" used. He said for...
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May23
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Is this what the Democrats will bring us if Americans vote them into power? Rep. Maxine Waters threatened oil company leaders with transferring management of the industry from them to the government. What a wacko.Here's what she said at the...
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May22
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After the outrageous removal of over 400 children from the polygamist sect in Texas, the Third Court of Appeals in Austin ruled the state presented "legally and factually insufficient" grounds for the "extreme" measure of taking the children out of...
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May21
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The discovery of potentially huge oil and gas fields under the ocean has propelled the Brazil state-owned Petroleo Brasileiro SA, or Petrobras (NYSE:PZE), into the top six-largest companies in the world. Today it temporarily passed General Electric (NYSE:GE)for the No....
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Now that the ethanol fiasco is damaging even more people, and politicians refuse to open up drilling for billions of barrels of oil on American soil and off American coastlines, congress and the president are attempting to shift blame and...
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American Airlines (NYSE:AMR) announced today that it was going to add a $15 fee to check the first bag a passenger has on the airline, with the targeted date to begin the added cost to be on June 15. It's...
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May20
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Warren Buffett has been all over the news recently, as he's talked about his political preferences, his take on the economy, and especially his trip to Europe, where is looking for family-owned businesses to buy, as well as others.Some of...
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May19
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A number of factors have resulted in Jevic Transportation having to close its doors after 27 years of operations. The company said they would finish all current freight deliveries within its system before shutting it all down. It isn't accepting...
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May18
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Herb Kelleher was an Expert at Managing GrowthOne of the more negative impacts on workers in a business is layoffs. Those executives that know best how to manage growth will find their people positive and working with a lack of...
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May17
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Where Warren Buffett gets capitalism wrong.Warren Buffett was asked one time about the strengths and weaknesses of capitalism. His response to the weaknesses of capitalism show me that in the macroeconomic view, Buffett has it wrong.One example he uses is...
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May16
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"Many of the doubts about the iPhone are being conjured by Apple’s adversaries."This was the comment of one writer when talking about the iPhone in its early days. Here's what Steve Jobs had to say about the innuendo floating around...
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May15
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While most marketers know that creating controversy can be a great way to market, there are definitely dangers involved when you get close to crossing the line. Starbucks (Nasdaq:SBUX) may have done that with their new logo, which shows a...
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Today McDonalds (NYSE:MCD) and Dunkin' Donuts are giving away some free products for their customers to enjoy. There's significant buzz around the Internet from these simple marketing tactics.McDonalds is giving away a free biscuit or chicken sandwich, while Dunkin' Donuts...
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May14
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The introduction of the Smart ForTwo car in the United States has generated more interest from a safety standpoint than whether it'll save a little on gas. To that end, a couple of recent crash tests from the National Highway...
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May13
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In one of the most self-serving votes I've seen in a long time, the Senate passed legislation that could end up forcing the Bush administration to stop filling the nation's strategic petroleum reserve.The vote, which was an overwhelming 92 to...
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May12
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In a radio interview with CBS News, President Bush said the continual rise in gasoline prices have been one of the major hindrances to the economy growing strongly.While he confirmed the economy was growing, he reiterated that gasoline prices have...
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May11
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At home, he was affectionate and understanding. He gave love by being interested, involved, and always there for his family and friends.While there are obvious strengths and benefits to what was mentioned above about Walt Disney personally, I want to...
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May10
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Welch called for developing a corporate culture that encourages and rewards honest feedback.One of the major accomplishments of Jack Welch when he led General Electric (GE), was his remarkable ability to communicate and get others to communicate in such a...
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May 9
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The U.S trade deficit plunged to $58.2 billion, said the Commerce Department Friday, the lowest since 2003. That's down by about $3.5 billion from February's deficit of $61.7 billion. This could also mean we'll see upward changes in the 0.6...
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May 8
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Mother's Day is upon us again, and many businesses are taking advantage of the numerous ways they can position themselves in the minds of those wanting to do something special for their mothers on their special day.With Mother's Day being...
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May 7
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Even though a number of businesses and industries have fewer employees, it didn't hurt productivity, as it grew by a 2.2 percent annual rate for the first quarter, according to the U.S. Labor Department. That's in contrast to the 1.8...
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May 6
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The death toll from cyclone Nargis, according to Myanmar (Burma) state radio, has surpassed 22,000, with over 41,000 still missing.With a government in place that hasn't the ability or will to coordinate relief efforts, the devastating effects of the cyclone...
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May 5
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Wal-Mart Expanding Prescription Drug ProgramThe excursion of Wal-Mart (NYSE:WMT) into the medical field, specifically with their prescription drug program, is a great lesson in how the market is far more effective in finding solutions to high cost in health care...
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May 4
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Begin your lesson in leadership the same way Andy Grove attacks a problem: by setting aside everything you know. This type of idea really sounds good as you read it, and seems to be the way to go. The question...
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May 3
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"There can be no liberty unless there is economic liberty."This comment by Margaret Thatcher is more important than simply enjoying a quote or using it as a slogan. More than ever capitalism is under attack, and capitalism and entrepreneurship is...
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Those who manage, plan and guide the Kentucky Derby get my utmost respect, as year after year it delivers what it promises, and delights fans attending the event, as well as those watching on TV. What makes the Kentucky Derby...
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May 2
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The decision by Barack Obama and Hillary Clinton to appear on the Fox News Channel, along with Howard Dean, is a huge diss and indictment of the fading far left liberal Web sites like DailyKos, Huffington Post and MoveOn. What...
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In their first earnings report since merging, Thomson Reuters (Toronto:TRI.TO) exceeded expectations by a significant amount, as on a pro forma basis, the company grew profits by 28 percent over last year. That includes results from both companies as if they...
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While almost everyone seems to want to announce a knockout for the U.S. economy, it remains resilient, although weak, as the latest job and unemployment numbers came out.Economists had forecast a significant 80,000 layoffs in April, and numbers were surprisingly...
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May 1
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Consumer spending continues to help the economy avoid a recession or strong downturn, as it increased by 0.4 percent in March, double what was expected by economists' projections, said the Commerce Department. Because spending was at a faster pace than...
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