The market is obsessed with novelty. So go make some, we’re tired of your old stuff.
Archive for June, 2011
There is a W. Edwards Deming Quote that I really like:
“The result of long-term relationships is better and better quality, and lower and lower costs.”
There are some people in management who believe competition is the way forward. That pitting people against each other and making them fight for a prize is the way to run a company. This is not so.
Competition is a flawed incentive. With competition you engage in a destructive act. From two potential sources of energy, you use one to cancel the other one out leaving only the remaining energy of the winner as the direction. Mistakenly it can be believed this is like natural selection, except we now know, that the most successful animals are actually altruistic. With co-operation on the other hand it is a creative act, and rather than use the two energies to cancel each other out, you do the harder thing of figuring out how to make the two energies combine into something stronger than them both, ultimately you get a lot more net energy out in the end.
Competition is a short term solution. We however, are in a long-term business, if we’re good at it, and can continue to change - it can last your entire life.