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Investment decisions and personal decisions don't wait for the picture to be clarified.
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Activity is not output.
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Competition is warfare. Mostly it is played by prescribed rules--there is a sort of Geneva Convention for competition--but it's thorough and often brutal.
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I think it is very important for you to do two things: act on your temporary conviction as if it was a real conviction; and when you realize that you are wrong, correct course very quickly
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A career in journalism suddenly lost its appeal.
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E-commerce does provide a very clear competitive advantage to companies that embrace it, ... Nothing can spur you on to be aggressive as much as seeing somebody who is outdistancing you.
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A corporation is a living organism; it has to continue to shed its skin. Methods have to change. Focus has to change. Values have to change. The sum total of those changes is transformation.
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You need to plan the way a fire department plans: it cannot anticipate where the next fire will be, so it has to shape an energetic and efficient team that is capable of responding to the unanticipated as well as to any ordinary event.
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You have no choice but to operate in a world shaped by globalization and the information revolution. There are two options: adapt or die.
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The growth rate of Napster blew away any previous web site growth rate, approaching an order of magnitude.
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Not all problems have a technological answer, but when they do, that is the more lasting solution.
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The Lesson is, we all need to expose ourselves to the winds of change.
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Assume any career move you make won't go smoothly. They won't. But don't look back.
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Most Americans probably aren't aware that there was a time in this country when tanks and cavalry were massed on Pennsylvania Avenue to chase away the unemployed.
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I don't see Merced appearing on a mainstream desktop inside of a decade.
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I'm a great believer in particularly being alert to changes that change something, anything, by an order of magnitude, and nothing operates with the factors of 10 as profoundly as the Internet.
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Just as you would not permit a fellow employee to steal a piece of office equipment, you shouldn't let anyone walk away with the time of his fellow managers.
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In the first round of work simplification...you can reasonably expect a 30 to 50 percent reduction...To implement the actual simplification, you must question why each step is performed. Typically, you will find that many steps exist in your work flow for no good reason. Often they are there by tradition or because formal procedure ordains it, and nothing practical ordains it.
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The boom was healthy too, even with its excesses. Because what this incredible valuation craze did was draw untold sums of billions of dollars into building the Internet infrastructure. The hundreds of billions of dollars that got invested in telecommunications, for example.
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Success breeds complacency. Complacency breeds failure. Only the paranoid survive.
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I have been quoted saying that, in the future, all companies will be Internet companies. I still believe that. More than ever, really.
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There are two options: adapt or die.
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Every generation thinks that they invented sex.
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The sad news is, nobody owes you a career. Your career is literally your business. You own it as a sole proprietor. You have one employee: yourself. You need to accept ownership of your career, your skills and the timing of your moves.