Monday, July 13, 2009

Quote of the Day

Former Intel CEO Andy Grove writes an OpEd piece in today's WSJ, comparing unfavorably the U.S. government's current role in "fixing" the auto industry, partially via direct investment, to the dismantling of the mainframe computer industry in the 80s and 90s. I'm sure you recall that the government stayed out of that one. The quote is pretty close in spirit to the quote from Machiavelli that follows. I'm sure Mr. Grove knows that.

"History shows that most companies do not deal well with transformation. One reason has to do with senior managers. They usually "don't get it." They have a difficult time accepting that the future will be vastly different from the present because they rose to power in the old business environment. They excelled in the old environment and didn't acquire skills necessary to operate in the new."

Andrew Grove, former Intel CEO


“Nothing is more difficult than to introduce a new order. Because the innovator has for enemies all those who have done well under the old conditions and lukewarm defenders in those who may do well under the new…”

Niccolo Machiavelli, 1532 AD
It's a good, quick read.

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