Wednesday, January 04, 2006

Hamel and Prahalad

“Few companies seem to have asked themselves what is the opportunity cost of the hundreds of millions--or even billions-- of dollars that have been written off for re-engineering and restructuring.

What if all that “redundant” brain power had been applied to creating tomorrow’s markets?

Far from being a tribute to senior management’s steely resolve or far-sightedness, a large restructuring and re-engineering charge is simply the penalty that a company must pay for not having anticipated the future”

…Competing for the Future

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