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America’s Exploding Pipe Dream - NYTimes.com
We are slowly — and painfully — being forced to realize that we are no longer the America of our imaginations. Our greatness was not enshrined. Being a world leader is less about destiny than focused determination, and it is there that we have faltered.
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Luck Is Just the Spark for Business Giants - NYTimes.com
BETTER to be lucky than good, the adage goes.
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Henny Ray Abrams/Agence France-Presse
MICROSOFT: A TURN OF THE PC TIDE In 1980, Digital Research developed the leading non-Apple operating system for personal computers. Luckily for Bill Gates, it failed to impress I.B.M., so Big Blue turned to Microsoft. At the time, Microsoft didn't have an operating system — and Mr. Gates had no plans to create one. But he recognized the moment and committed his young company to a brutal schedule to develop the system for the I.B.M. PC.
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Stryker Corporation
INTEL: GOODBYE AND HELLO Japanese companies unleashed a price war in DRAM computer chips in the mid-'80s, driving down prices 80 percent in two years. The business offered nothing but misery — bad luck for Intel, as DRAM chips were its main business.
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Ben Margot/Associated Press
Gordon E. Moore, right, and Andrew S. Grove (shown in 2001) asked themselves what new managers would do. The answer: Get out of DRAMs. So Mr. Grove suggested that he and Mr. Moore leave the company, metaphorically speaking, and return as those new managers. They exited memory chips and committed Intel to the new market for microprocessors, for which it's known today.
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Amgen
AMGEN: HELP WANTED, AND FOUND In 1981, Fu-Kuen Lin, a Taiwanese scientist, happened to see a classified job ad from Amgen, then a small start-up company. Mr. Lin happened to be looking for a job — and that lucky break became a defining moment for the company. George B. Rathmann, its founding C.E.O. (below left, with Mr. Lin), recognized the scientist's talent and drive and built an environment where he could thrive. Mr. Lin logged 16-hour days to isolate and clone what is known as the EPO gene, which led to one of the biggest biotechnology products of all time.
And maybe that’s true — if you just want to be merely good, not much better than average. But what if you want to build or do something great? And what if you want to do so in today’s unstable and unpredictable world?
Recently, we completed a nine-year research study of some of the most extreme business successes of modern times. We examined entrepreneurs who built small enterprises into companies that outperformed their industries by a factor of 10 in highly turbulent environments. We call them 10Xers, for “10 times success.”
Sunday, October 30, 2011
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