China is a vast, disparate country; there is no alternative to strong central power.
Lee Kuan YewRead
If you deprive yourself of outsourcing and your competitors do not, you're putting yourself out of business.
Interpretation
Failing to delegate tasks or utilize external resources can lead to a competitive disadvantage.
In this quote, Lee Kuan Yew emphasizes the importance of outsourcing and utilizing available resources to maintain a competitive edge in business. The quote suggests that if a business refrains from leveraging external help or services, while its competitors actively do so, it risks becoming obsolete and unable to compete effectively in the market.
In practice
In a business conference to highlight the importance of efficiency.
China is a vast, disparate country; there is no alternative to strong central power.
I can feel the gradual decline of energy and vitality. And I mean generally, every year, when you know you are not on the same level as last year. But that's life.
Political reform need not go hand in hand with economic liberalization.. I hold unconventional views about this.. I do not believe if you are a libertarian, full of diverse opinions, full of competing ideas in the market place, full of sound and fury, therefore you will succeed.
The human being is an unequal creature. That is a fact. And we start off with the proposition. All the great religions, all the great movements, all the great political ideology, say let us make the human being as equal as possible. In fact, he is not equal, never will be.
They say, oh, letβs have multiparty politics. Letβs have different parties change and be in charge of the Government. Is it that simple? You vote in a Division Three government, not a Division One government, and the whole economy will just subside within three, four years. Finished.
America's greatest long-term influence on China comes from playing host to the thousands of students who come from China each year, some of the ablest Chinese scholars and scientists. They will be the most powerful agents for change in China.
The most valuable assets of a 20th-century company were its production equipment. The most valuable assets of a 21st-century institution, whether business or nonbusiness, will be its knowledge, workers, and their productivity.
If I had one dollar left, I'd spend it on PR
Ultimately, what any company does when it is successful is merely a lagging indicator of its existing culture.
We used to think that the enterprise was the hardest customer to satisfy, but we were wrong. It turns out, consumers are harder than the enterprise because the consumer will not give you a second chance.
Starbucks is not an advertiser; people think we are a great marketing company, but in fact we spend very little money on marketing and more money on training our people than advertising.
Business is not just doing deals; business is having great products, doing great engineering, and providing tremendous service to customers. Finally, business is a cobweb of human relationships.
Subscribe for the occasional hand-picked quote. No noise.