the four principal of enduring success
TRANSCRIPT
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THE FOUR PRINCIPAL OF ENDURING SUCCESS
Research done by Professor Christain Stadler and a team at Innsbruck University’s of Business School
Presenter-Jyoti Dadlani
Research was Done in 2006
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THE FOUR PRINCIPLES OF ENDURING SUCCESS
Exploit before you explore Diversify your business portfolio Remember your mistakes Be conservative about change
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ENDURING SUCCESS PROJECTPERFORMANCE DIFFERENCE BETWEEN GOLD AND SILVER MEDALLISTS
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Exploit before you explore. Great companies don’t innovate their way to growth—they grow by efficiently exploiting the fullest potential of
existing innovations.
Diversify your business portfolio. Good companies, conscious of the dangers of irrational conglomeration, tend to stick to their knitting. But the great companies know when to diversify, and they remain resilient by maintaining a wide range of suppliers and a broad base of customers.
Top Companies Comparison Companies
GlaxoSmithkline Wellcome
Noika Erisson
Top Companies Comparison Companies
Allianz Aachener und Munchener (A & M)
Lafarge Ciments Francais
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Remember your mistakes. Good companies tell stories of success, but great companies also tell stories of past failures to avoid repeating them.
Be conservative about change. Great companies very seldom make radical changes—and take great care in their planning and implementation.
Top Companies Comparison Companies
Royal Dutch Shell BP
HSBC Standard Chartered
Top CompaniesComparison Companies
Siemens AEG
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CONCLUSION We think that we live in the most revolutionary of
times. But this study shows us, recalling challenges of the past should remind us that every generation thinks it lives in the most revolutionary of times. The Gold medallist companies has survived and prevailed during the Great Depression, two world wars, and two energy crises, not to mention the lack of lasted technology. They did so by consistently adhering to the four principles of enduring success. There is no reason why we should not be able to use the same chart to navigate the stormy seas of global competition and disruptive information technologies today.
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THANK YOU