Just as there is a way to measure the wind and water resistance a boat creates as it speeds toward its goal, it is possible to measure the resistance of your strategy. Great companies begin with a strategy that removes resistance, that disrupts the market, so that competitors just step aside.
For Malaysia, entrepreneurship is a big driver of the economy—the industrial sector is the largest contributor of GDP. Beyond these sectors there are not many options for people who want to pursue a corporate career. Instead you must start or join a small business. Luckily, Malaysia makes that easy—it only takes a few days to incorporate a new company.
If the killing of Osama bin Laden teaches us anything, it illuminates the true distinction between force and power. Force is charging against your enemy; Power, on the other hand, is more delicate to handle.
It's been a couple of years since I last visited Peru, and more than five since I had an apartment in Chile, and these gaps highlight an unmistakable trend. The center of the world is shifting from the developed to the developing world.
Dial 911 from your home phone and the police will know your precise address. But dial it from your mobile phone and they have very little idea where you are. Since mobile phone penetration in the U.S. is greater than 75%, this is a problem.
Microsoft will pay Nokia $1 billion, and Nokia will abandon its Symbian mobile phone operating system and switch to Microsoft's Windows Phone 7. Although the stock prices of both companies have fallen since this announcement, people generally believe this is a good move for each business. Yet many naysayers still persist.
By dissecting the strategies of companies like Dell, Southwest Airlines, and Walmart, who over the course of the 1990s radically disrupted their industries, we found some surprising similarities in how these companies engineered breakthrough growth.