Government Mandates, Incidentally, Are Likely To Distort

And If Your Attitude Is That Only Smarter People Have Something To Teach You, Your Learning Opportunities Will Be Very Limited. ... When We See People Acting In An Abusive, Arrogant, Or Demeaning Manner Toward Others, Their Behavior Almost Always Is A Symptom Of Their Lack Of Self-esteem. They Need To Put Someone Else Down To Feel Good About Themselves.

Government Mandates, Incidentally, Are Likely To Distort Rather Than Solve The Problem Of Finding A Market. I Would, Therefore, Force My Organization To Live By Its Wits Rather Than To Rely On Capricious Subsidies Or Non-economic-based Regulation To Fuel My Business.

In Most Instances, Biotechnology, Though A Radically Different Approach, Is A Sustaining Technology: It's A Dramatically Improved Way Of Targeting Problems That We Hadn't Been Able To Solve With The Conventional Approach Of Mainstream Pharmaceutical Companies.

The Mistake Managers Often Make Is Defining Their Industry Too Narrowly. Digital's Market Share In The Minicomputer Market Stayed Very Robust Even As It Fell Off The Cliff. Disruption Seems To Come Out Of Nowhere, But If You Know What To Look For, You Can Spot Important Developments Well Before The Market Does.

It Is When The Product Is Not Good Enough That Proprietary Integration Gives You A Competitive Edge. You Cannot Outsource And Be Competitively Successful In This Situation. But At The Other End, Where Standard Components Assembled In Standard Ways Can Yield Acceptable Performance, You Must Outsource.