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Archive for the ‘Stories’ Category

True Competitive Advantage

In Stories on 2009.12.13 at 10:14 pm

“Certainly the thieves may be able to follow the design plans and produce a loom. But we are modifying and improving our looms every day. So by the time the thieves have produced a loom from the plans they stole, we will have already advanced well beyond that point. And because they do not have the expertise gained from the failures it took to produce the original, they will waste a great deal more time than us as they move to improve their loom. We need not be concerned about what happened. We need only continue as always, making our improvements.” — Kiichiro Toyoda (1894-1952), in response to someone stealing design plans.