May 29
Today while flying back from Dallas I picked up this book. I wanted to read something that I could finish in couple of hours and was valuable in business terms. This book turned out to be a real good one. There is some fluff in it but some content is real great. George has really done a great job of keeping it in around 100 pages and highlighting the key future strategies.
According to George the 5 key strategies to look forward to are
- Supply Chain Gymnastics : Our infrastructure on west coast is crumbling and in future importing things from overseas through sea route may not be feasible. How can you react as business to this?
- Sidestepping Economies of Scale: Bigger may not be always better. George talks about disposable factories. It is not a new concept, it is very common concept in project oriented industries where you setup small manufacturing operation on project site.
- Dynamic pricing: Ability to provide unique price to individual buyer. I have heard about this in past but George brought it home with a great example. Example he gave was of toll charges which change based on traffic patterns using RFID. It is being tested in Washington state.
- Embracing complexity: Other way of putting this is increasing and accepting configurability of products. Every individual should be able to uniquely design the product he desires. Great example of this is MINI.
- Infinite Bandwidth: Leveraging high speed Internet bandwidth to change business processes or even define new business models.
It is a good book and will highly recommend it to everyone. Enjoy
