Monday, July 10, 2006

Tom Peters on Bigger is Not Better

"Hyper-big = Non-innovative. Period. (Just give Microsoft's Steve Ballmer truth serum.) The global auto industry has spent gajillions on R&D (eg GM = #1 R&D spender in U.S.A. over the last 25 years—no bull) and not given us a fundamental breakthrough in 75 years—unless you count automatic windows. Verizon spends most of its "R&D" (does it actually have R&D?) fighting innovation and trying to preserve a semi-monopoly—with the result that Americans are falling further behind each day in connectivity & speed (see Andy Kessler's great piece—"Give Me Bandwidth"—in the 26 June Weekly Standard). Big Pharma is wasting the talent of tens of thousands of researchers to give us me-too drugs and fund tens of thousands of additional sales-"girls" to push them. Etc. Etc.

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