Need someone to lead product management at your software company? I create software for people that create software and I'm looking for my next opportunity. Check out my resume and get in touch.

Think or do

Freshness Warning
This blog post is over 17 years old. It's possible that the information you read below isn't current and the links no longer work.

13 Jul 2006

Brilliant.

But that also means that everyone and their grandmother knows how to pick profitable markets, segment them, price goods and services, analyze competitors, understand industry economics, etc, etc.

Strategy itself, in a very real sense, is becoming a commodity.

When everyone can think strategically about everything, the locus of value creation shifts from out-thinking everyone to out-creating them. The prime mover of value creation becomes putting the ability to create (goods, services, processes - even strategies) at the heart and soul of the firm.

Ideas are a dime a dozen. Executing them is what’s valuable.

Jeremy
August 3, 2006 1:50 AM

Competition is too wide these days. There's not lack of innovative and creative people but what all is required by a firm is to meet the demands of the consumers. To mould their ideas and implement according to the need of the market is valuable and that's gonna bring goodwill and profit to the firm.

This discussion has been closed.

Recently Written

Too Big To Fail (Apr 9): When a company piles resources on a new product idea, it doesn't have room to fail. That keeps it from succeeding.
Go small (Apr 4): The strengths of a large organization are the opposite of what makes innovation work. Starting something new requires that you start with a small team.
Start with a Belief (Apr 1): You can't use data to build products unless you start with a hypothesis.
Mastery doesn’t come from perfect planning (Dec 21): In a ceramics class, one group focused on a single perfect dish, while another made many with no quality focus. The result? A lesson in the value of practice over perfection.
The Dark Side of Input Metrics (Nov 27): Using input metrics in the wrong way can cause unexpected behaviors, stifled creativity, and micromanagement.
Reframe How You Think About Users of your Internal Platform (Nov 13): Changing from "Customers" to "Partners" will give you a better perspective on internal product development.
Measuring Feature success (Oct 17): You're building features to solve problems. If you don't know what success looks like, how did you decide on that feature at all?
How I use OKRs (Oct 13): A description of how I use OKRs to guide a team, written so I can send to future teams.