Number of words: 47 A startup is the largest group of people you can convince of a plan to build a different future. A new company’s most important strength is new thinking: even more important than nimbleness, small size affords space to think. Excerpted from ‘Zero to One’ by Peter Thiel
Number of words: 221 The event and the campaign it was designed to support were the brainchildren of Austin Energy, a power-generating utility owned by the city of Austin, Texas. Austin Energy’s campaign has already won the endorsement of dozens of cities and towns, including Los Angeles, San Francisco, and Denver, as well as Austin … Read more
Number of words: 146 The essence of the Toyota story is that it is a company with a learning culture. It is a world-class heuristic device, a machine for promoting continuous self-education of the individuals and of the company culture. It first learned how to make mass production work more harmoniously than anywhere else in … Read more
Number of words: 140 Tetsuo Agata,in the later years of his long career, doubled as general manager of Toyota’s huge Honsha plant in the Toyota City complex and as the company’s overall manufacturing guru. Before that, he lived for years in America and has many American friends. One was a senior manager with Dow Chemical, … Read more
Number of words: 190 The Big Three, with labor as a fixed cost and no freedom to cut earnings in bad times (as Toyota and other Japanese manufacturers could), were caught in an infernal cycle. They could not close factories quickly enough to adjust capacity to falling demand. This made them even less competitive against … Read more
Number of words: 626 We then tried to sell the dairy. Dr V. Kurien had suggested that through National Dairy Development Board’s (NDDB) support, it might be possible for the Uttar Pradesh Government to acquire the Etah dairy. Kurien never liked HLL or any private sector incursion into the dairy industry, which he felt was … Read more
Number of words: 713 The initial reaction of most people to the Emergency was admittedly very positive. Everyone was tired of the strikes and bandhs organized by people like George Fernandes. They disrupted normal life for most working people and served very little purpose in making things better for most people. lt only benefited trade … Read more
Number of words: 573 Most European multinationals were traditionally operated as multi-domestic companies with the people at the head office exercising their hold mainly through financial controls and authorities. In earlier years, the chairmen of both HLL and Unilever used to say that the control from the centre on the subsidiary was mainly in two areas, … Read more
Number of words: 540 That was the period when I began to develop an aversion to young men called “Product Managers”. They usually came with a degree in English or economics, and the more recent ones had done engineering but had abandoned the technical career to do an MBA at one of the Indian Institutes of … Read more
Number of word: 1,015 I was a man in a hurry because I knew that the company was in a financial crisis. We had huge piles of imported raw materials and an equally large pile of unsold stock, all of which was hypothecated against loans from banks. There was a very small cash balance and … Read more
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