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29 January 2009

...Of Mus Musculus and Homo Sapiens

"If you want to make God laugh, tell him about your plans."
-Woody Allen

Today, at the Davos economic summit, Professor Michael Porter of Harvard Business School, fielded questions on Squawk Box, regarding the current business environment. Some of his answers:

  • '...we are not necessarily organized to do strategic thinking...'
  • '...we don't make long-term plans...'
  • '...if an industry competes on price alone, profitability suffers.'
  • '...other countries have a long-term plan. It's written down.'
  • 'Sound long-term strategy is effectively how you're going to deliver unique value.'
I don't know if the NTRA has anyone at Davos. I would not imagine they do.

Let's hope they at least get CNBC.

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