Saturday 25 April 2009

Inspirational Business Quotes ?

Inspirational Quotes ?

A regional CEO of Apple answered ‘ We will innovate our way through these difficult times’ to the question, What are Apple going to do in response to the market turmoil and economic crisis? He goes on to say the company will come out of this crisis in better shape than they went into it.

‘Innovate through a mess’ remain confident in staff, your systems and products, adapt and change as needed. Change your model and think differently

Identify new products and services, which stimulate demand

Don’t’ freeze, do something, as this is better than nothing. At least doing something you discover if its it the right thing or not. Sitting back and watching doesn’t get you anywhere in terms of clarity…… action creates clarity

Act in spite of uncertainty and be proactive

Zig when your competition is zagging

Notice what just isn’t working and change it

Nothing is truly ‘mutually exclusive’

Customers are becoming more demanding daily and your business needs to be able to deliver that

Business is not business – business is personal. People like to do business with people they know or have had contact

5-year plans are way to far in advance, 3 in hard enough.

Business is getting quicker and you need to adapt. Not that long ago it took 5-7 years from conception to delivery for the car industry, that’s now down to around two years today for USA! Before email, a Senior Executive might dictate a letter to his PA one day, it would be typed up the next day, sent out and probably received a few days later…that’s a week ! Now the Executive would send it out himself via email and probably expect an answer within the hour! He might even do it at night, at home on his Blackberry.

Speed to market is everything – Sony missed out on the original PS3 date and it cost millions against the Microsoft Xbox 360. Microsoft shipped 10 million units before they blinked !

Disrupt a market or sector – Virgin aim to do this in every sector they go into. Do you SELL or do your customers BUY ?

Good or bad experience – If you have a happy customer they might tell two or three people about you. If you have an unhappy customer, they might tell ten or eleven people – which is worse ?

Don’t let risk paralyse you from taking action, take calculated risks and cover the downside, but don’t not take action. Paralysis from analysis


4little1s.com is an online nursery furniture and baby bedding retailer found at www.4little1s.com