Having a great idea for a product is important, but having a great idea for product distribution is even more important.
Interpretation
The idea behind a product is vital, but its successful distribution is crucial to achieving success.
This quote emphasizes the significant role of not only creating innovative products but also effectively distributing them to reach the intended audience. Without a solid distribution strategy, even the best ideas can fail to make an impact in the market.
In practice
During a business presentation to highlight the importance of distribution strategies in marketing.
Leaders, whether in the public or the private sphere, must understand the responsibilities that come with their role. They are the most visible standard-bearers of their organizations. Holding them accountable to this responsibility protects the promise of our organizations and our communities.
The same instincts that make us good students can make us lousy entrepreneurs.
The entrepreneurial journey starts with jumping off a cliff and assembling an airplane on the way down.
Any effort to make the death penalty speedier and less costly - more 'efficient' - will inevitably make it less just.
I've long believed that if you're not embarrassed by your first product release, you've released too late.
Good ideas need good strategy to realize their potential.
Immigrants provide skills that we simply cannot afford to do without. They have contributed hugely to Britain's success.
I was lucky enough to co-found a business in college that ended up with 400 employees, and I launched 20 different projects while I was there - a project a week.
You know my dad pushed me to believe that I was going to be the best. I just never thought of life without tennis, even looking forward.
Look, I have no qualms about having played basketball. The game has done so much for me. Look at the places I've been, for one thing.
It's not how many hours you put in with a client or on a project. It's the quantity and quality of your energy - your focus and force - that determine whether that time is valuable.
Finding good partners is the key to success in anything: in business, in marriage and, especially, in investing.
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