Summary of Summaries from Top 1000 Billionaires
==============NEWNESS==============
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
==BEING A PIONEER IN A VERTICAL MARKET SEGMENT AND BECOMING THE LARGEST AND MOST WELL KNOWN IN IT==
==IDENTIFYING A NEW, LARGE MARKET FOR AN EXISTING PRODUCT LINE==
==BEING ONE OF THE FIRST TO START WORKING IN A NEW MARKET==
==BEING THE FIRST TO LAUNCH A PRODUCT EVEN IF FOR A NICHE MARKET SEGMENT==
==DISCOVERING INVESTMENT OPPORTUNITIES EARLY==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE==
=========CONNECTIONS===========
==USING FAMILY CONNECTIONS==
==NURTURING BIG CONTACTS==
==POLITICAL CONNECTIONS==
==BUILDING RELATIONSHIPS==
==STUDYING WITH FUTURE BIG HONCHOS==
==========OBSERVING & RESEARCH=============
==OBSERVING UNIQUE / INNOVATIVE OPPORTUNITIES==
==LOOKING FOR TRENDS THAT INDICATE PHENOMENAL MARKET GROWTH==
==REVIEWING AND ANALYSING POSSIBLE BUSINESSES BEFORE GETTING IN==
==SEEKING OPPORTUNITIES FROM EVERYDAY PROBLEMS, ESPECIALLY PROBLEMS IN USING A/THE PRODUCT==
==OBSERVING OPPORTUNITIES ALONG THE BUSINESS VALUE CHAIN OR IN A SPECIFIC PROCESS IN THE VALUE CHAIN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==OBSERVING TRENDS AND BEHAVIOURS==
==TAKING BIG RISKS AFTER DEEP THINKING==
==GOING AROUND THE WORLD AND OBSERVING WHAT OTHERS ARE DOING IN THE FIELD==
==A GOOD EYE FOR SPOTTING BUYING OPPORTUNITIES==
==ABILITY TO FORECAST SHORT TERM TRENDS AND MOVING QUICKLY==
==TRANSLATING BROAD ECONOMIC TRENDS INTO HIGHLY LEVERAGED, KILLER PLAYS==
==BIG GAINS BY EXPLOITING SHORT TERM PRICE / ARBITRAGE OPPORTUNITIES==
=========STRATEGY============
==SPOTTING A MARKET OPPORTUNITY EITHER IN TERMS OF PRODUCT OR PRICE OR WHATEVER==
==INVESTING HEAVILY IN A MASS MARKET PRODUCT SEGMENT AND CAPTURING HUGE MARKET SHARE==
==VISION, PATIENCE AND EXECUTION==
==FOCUSSING ON BUSINESS AND KEEPING OUT OF PARTY CIRCLES AND POLITICS==
==ABILITY TO MASS PRODUCE SOMETHING THAT WAS CUSTOM MADE EARLIER AND THUS SELL AT LOWER PRICES==
==KEEPING THE COMPANY PRIVATE==
==CREATIVE DESTRUCTION==
==MAKING SURE CUSTOMERS ARE EXTREMELY SATISFIED WITH WHAT YOU OFFER==
==BUYING THINGS ON THE CHEAP, WHIPPING THEM INTO SHAPE AND RUTHLESSLY DRIVE COMPETITORS OUT OF BUSINESS==
==OFFERING COLLEAGUES TO BECOME MORE INVOLVED IN THE COMPANY FROM A FINANCIAL AND OWNERSHIP PERSPECTIVE==
===========SKILLS===========
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==FORMING JOINT VENTURES / TECH PARTNERSHIPS==
==UNIQUE INTERSECTION OF DIVERGENT AND HIGH END SKILLS==
==CHOOSING A BUSINESS PARTNER WHO COULD HIMSELF BECOME A CELEBRITY OR AN INDUSTRY/PRODUCT INFLUENCER==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==
==GETTING ACQUAINTED TO A TECH OR A PRODUCT VERY EARLY IN LIFE==
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
============FIRST============
==FIRST TO DO SOMETHING THAT HAS A MASS MARKET==
===========PERSONALITY==========
==A REBEL AND A CONTRARIAN==
==BRUSHING ALL YOUR SENSES EVERYDAY AND KEEPING THEM ABSOLUTELY ACTIVE==
==GENTLEMANLY WAY OF DOING BUSINESS==
==HELPS OTHERS, EVEN COMPETITORS IN A PERSONAL WAY==
==ABILITY TO LEAD CONFLICTS, ESP CORPORATE CONFLICTS==
==GOOD DEAL MAKER==
==QUICK TO ACCEPT MISTAKES AND TAKE ACTION==
==FOCUSSING ON ONE SINGLE THING 24 HOURS A DAY AND DOING IT REALLY, REALLY WELL==
==SHARING SPOILS WITH COLLEAGUES==
=======CRISES AND DISCONTINUITIES=====
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
==BENEFITTING FROM CRISES==
==SEEING WHAT DISCONTINUITIES / CRISES COULD COME IN FUTURE AND ACTING QUICKLY TO BENEFIT FROM THEM==
==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==GOT FIRED, AND GOT FIRED UP==
==TAKING ADVANTAGE OF A MARKET VACUUM==
============LUCKY BASTARDS==============
==BEING IN THE RIGHT SPOT AT THE RIGHT TIME==
==CATCHING LUCKY BREAKS??==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
========PASSION & INTEREST===========
==HAVING A TINKERER'S MINDSET==
==PASSION ABOUT THE CORE ACTIVITY THAT HIS BUSINESS FOCUSSES ON==
==ENJOY WORKING WITH THE CORE PRODUCT AND INNOVATING IT==
==TALENT AND PASSION FOR INNOVATIONS IN THE PRODUCT==
==IF YOU LITERALLY GET SOME IDEA IN THE DREAM, IT IS POSSIBLY WORTH PURSUING==
==USEFUL PRODUCT INNOVATION==
=====================CONTRARIAN===================
==BUYING THINGS WHEN EVERYONE IS SELLING IN A DISTRESS MARKET==
==DOING IMPORTANT THINGS THAT COMPETITORS DO NOT DO OUT OF HABIT OR CUSTOM==
==CONTRARIAN THINKING==
==INVESTING IN A COUNTRY WHEN THE OTHERS ARE RUNNING AWAY FROM IT==
==================MARKETING & ADVERTISING=============
==GREAT ADVERTISING OF A BRAND==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
======================EARLY MOVER=========================
==TAKING A PRODUCT EARLY TO THE MARKET INSTEAD OF GETTING INTO ANALYSIS PARALYSIS==
==JOINING THE RIGHT COMPANY EARLY IN CAREER==
==SPOTTING OPPORTUNITIES EARLY AND MOVING IN==
==BEING AN EARLY EMPLOYEE OF A STARTUP THAT BECOMES VERY LARGE LATER==
==================OPTIMAL STUFF - TIME AND PLACE==================
==MOVING THE BUSINESS HEADQUARTERS INTO THE MOST OPTIMAL LOCATION==
==GETTING TO DO THE RIGHT KIND OF ACTIVITY AT THE RIGHT TIME==
======================NIMBLENESS==================
=MOVING QUICKLY IN A NASCENT MARKET TO ESTABLISH CLEAR LEADERSHIP==
==TAKING MORE ACTIONS EVEN IF IT MEANS MAKING MORE MISTAKES==
==NIMBLE BUSINESSMAN GETS VERY WEALTHY WHEN THERE ARE BIG POLITICAL DEVELOPMENTS==
==SPLIT YOUR LIFE INTO TEN MINUTE PACKETS==
==RESPONDING QUICKLY TO MARKET NEEDS==
=================THINKING BIG==================
==FOCUSSING ON BECOMING THE LARGEST==
Friday, September 17, 2010
Wednesday, September 15, 2010
Summary from the top 100 billionaires
Nobutada Saji
==FIRST TO DO SOMETHING THAT HAS A MASS MARKET==
David and Simon Reuben
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
Leonard Blavatnik
==ENTERING A NEW MARKET WITH DISCONTINUITIES EARLY==
Tadashi Yanai
==GREAT ADVERTISING OF A BRAND==
==A REBEL AND A CONTRARIAN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==TAKING BIG RISKS AFTER DEEP THINKING==
Petr Kellner
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
John Fredriksen
==BENEFITTING FROM CRISES==
==BEING IN THE RIGHT SPOT AT THE RIGHT TIME==
Sunil Mittal
==OBSERVING UNIQUE / INNOVATIVE OPPORTUNITIES==
==FORMING JOINT VENTURES / TECH PARTNERSHIPS==
==SEEING WHAT DISCONTINUITIES / CRISES COULD COME IN FUTURE AND ACTING QUICKLY TO BENEFIT FROM THEM==
Jim Simons
==UNIQUE INTERSECTION OF DIVERGENT AND HIGH END SKILLS==
Kushal Pal Singh
==BENEFITTING FROM CRISES==
==USING FAMILY CONNECTIONS==
==BUILDING RELATIONSHIPS==
==CATCHING LUCKY BRAKES??==
==NURTURING BIG CONTACTS==
Silvio Berlusconi
==POLITICAL CONNECTIONS==
Sheldon Adelson
==BEING A PIONEER IN A VERTICAL MARKET SEGMENT AND BECOMING THE LARGEST AND MOST WELL KNOWN IN IT==
Ricardo Salinas
==IDENTIFYING A NEW, LARGE MARKET FOR AN EXISTING PRODUCT LINE==
Phil Knight
==PASSION ABOUT THE CORE ACTIVITY THAT HIS BUSINESS FOCUSSES ON==
==GOING AROUND THE WORLD AND OBSERVING WHAT OTHERS ARE DOING IN THE FIELD==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
==CHOOSING A BUSINESS PARTNER WHO COULD HIMSELF BECOME A CELEBRITY OR AN INDUSTRY/PRODUCT INFLUENCER==
Leonardo Del Vecchio
==MOVING THE BUSINESS HEADQUARTERS INTO THE MOST OPTIMAL LOCATION==
Jeffrey Bezos
==HAVING A TINKERER'S MINDSET==
==LOOKING FOR TRENDS THAT INDICATE PHENOMENAL MARKET GROWTH==
==REVIEWING AND ANALYSING POSSIBLE BUSINESSES BEFORE GETTING IN==
==FOCUSSING ON BECOMING THE LARGEST==
Mikhail Fridman
==POLITICAL CONNECTIONS==
==GETTING TO DO THE RIGHT KIND OF ACTIVITY AT THE RIGHT TIME==
==ABILITY TO LEAD CONFLICTS, ESP CORPORATE CONFLICTS==
Ravi and Shashi Ruia
==MOVING QUICKLY IN A NASCENT MARKET TO ESTABLISH CLEAR LEADERSHIP==
Mikhail Prokhorov
==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==
Michael Dell
==GETTING ACQUAINTED TO A TECH OR A PRODUCT VERY EARLY IN LIFE==
==OBSERVING TRENDS AND BEHAVIOURS==
==TAKING MORE ACTIONS EVEN IF IT MEANS MAKING MORE MISTAKES==
==SPOTTING A MARKET OPPORTUNITY EITHER IN TERMS OF PRODUCT OR PRICE OR WHATEVER==
==FOCUSSING ON ONE SINGLE THING 24 HOURS A DAY AND DOING IT REALLY, REALLY WELL==
Paul Allen
==A GOOD EYE FOR SPOTTING BUYING OPPORTUNITIES==
==GOOD DEAL MAKER==
George Soros
==QUICK TO ACCEPT MISTAKES AND TAKE ACTION==
==ABILITY TO FORECAST SHORT TERM TRENDS AND MOVING QUICKLY==
==TRANSLATING BROAD ECONOMIC TRENDS INTO HIGHLY LEVERAGED, KILLER PLAYS==
Robert Kuok
==BIG GAINS BY EXPLOITING SHORT TERM PRICE / ARBITRAGE OPPORTUNITIES==
==INVESTING HEAVILY IN A MASS MARKET PRODUCT SEGMENT AND CAPTURING HUGE MARKET SHARE==
==BRUSHING ALL YOUR SENSES EVERYDAY AND KEEPING THEM ABSOLUTELY ACTIVE==
==SHARING SPOILS WITH COLLEAGUES==
==NIMBLE BUSINESSMAN GETS VERY WEALTHY WHEN THERE ARE BIG POLITICAL DEVELOPMENTS==
==MAKING BIG FORTUNES FROM CRISES==
==INVESTING IN A COUNTRY WHEN THE OTHERS ARE RUNNING AWAY FROM IT==
==HAVING BIG POLITICAL CONNECTIONS==
==GENTLEMANLY WAY OF DOING BUSINESS==
==HELPS OTHERS, EVEN COMPETITORS IN A PERSONAL WAY==
==SPOTTING OPPORTUNITIES EARLY AND MOVING IN==
Steve Ballmer
==BEING AN EARLY EMPLOYEE OF A STARTUP THAT BECOMES VERY LARGE LATER==
==STUDYING WITH FUTURE BIG HONCHOS==
==VISION, PATIENCE AND EXECUTION==
Vladimir Lisin
==FOCUSSING ON BUSINESS AND KEEPING OUT OF PARTY CIRCLES AND POLITICS==
Azim Premji
==TAKING ADVANTAGE OF A MARKET VACUUM==
Michele Ferrero
==ABILITY TO MASS PRODUCE SOMETHING THAT WAS CUSTOM MADE EARLIER AND THUS SELL AT LOWER PRICES==
==TALENT AND PASSION FOR INNOVATIONS IN THE PRODUCT==
SERGEY BRIN AND LARRY PAGE
==IF YOU LITERALLY GET SOME IDEA IN THE DREAM, IT IS POSSIBLY WORTH PURSUING==
Charles Koch (and David Koch)
==KEEPING THE COMPANY PRIVATE==
==CREATIVE DESTRUCTION==
Michael Bloomberg
==GOT FIRED, AND GOT FIRED UP==
==TAKING A PRODUCT EARLY TO THE MARKET INSTEAD OF GETTING INTO ANALYSIS PARALYSIS==
Sam Walton
==JOINING THE RIGHT COMPANY EARLY IN CAREER==
==OFFERING COLLEAGUES TO BECOME MORE INVOLVED IN THE COMPANY FROM A FINANCIAL AND OWNERSHIP PERSPECTIVE==
==MAKING SURE CUSTOMERS ARE EXTREMELY SATISFIED WITH WHAT YOU OFFER==
==DOING IMPORTANT THINGS THAT COMPETITORS DO NOT DO OUT OF HABIT OR CUSTOM==
==CONTRARIAN THINKING==
Ingvar Kamprad
==USEFUL PRODUCT INNOVATION==
==SPLIT YOUR LIFE INTO TEN MINUTE PACKETS==
==SEEKING OPPORTUNITIES FROM EVERYDAY PROBLEMS, ESPECIALLY PROBLEMS IN USING A/THE PRODUCT==
Amancio Ortega Gaona
==OBSERVING OPPORTUNITIES ALONG THE BUSINESS VALUE CHAIN OR IN A SPECIFIC PROCESS IN THE VALUE CHAIN==
==RESPONDING QUICKLY TO MARKET NEEDS==
==ENJOY WORKING WITH THE CORE PRODUCT AND INNOVATING IT==
Eike Batista
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
Carlos Slim Helu
==BEING THE FIRST TO LAUNCH A PRODUCT EVEN IF FOR A NICHE MARKET SEGMENT==
==DISCOVERING INVESTMENT OPPORTUNITIES EARLY==
==BUYING THINGS ON THE CHEAP, WHIPPING THEM INTO SHAPE AND RUTHLESSLY DRIVE COMPETITORS OUT OF BUSINESS==
==BECOMING FRIEND WITH TOP POLITICAL LEADERSHIP==
==BUYING THINGS WHEN EVERYONE IS SELLING IN A DISTRESS MARKET==
==BEING ONE OF THE FIRST TO START WORKING IN A NEW MARKET==
=======================================================================
==============NEWNESS==============
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
==BEING A PIONEER IN A VERTICAL MARKET SEGMENT AND BECOMING THE LARGEST AND MOST WELL KNOWN IN IT==
==IDENTIFYING A NEW, LARGE MARKET FOR AN EXISTING PRODUCT LINE==
==BEING ONE OF THE FIRST TO START WORKING IN A NEW MARKET==
==BEING THE FIRST TO LAUNCH A PRODUCT EVEN IF FOR A NICHE MARKET SEGMENT==
==DISCOVERING INVESTMENT OPPORTUNITIES EARLY==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
=========CONNECTIONS===========
==USING FAMILY CONNECTIONS==
==NURTURING BIG CONTACTS==
==POLITICAL CONNECTIONS==
==BUILDING RELATIONSHIPS==
==STUDYING WITH FUTURE BIG HONCHOS==
==========OBSERVING & RESEARCH=============
==OBSERVING UNIQUE / INNOVATIVE OPPORTUNITIES==
==LOOKING FOR TRENDS THAT INDICATE PHENOMENAL MARKET GROWTH==
==REVIEWING AND ANALYSING POSSIBLE BUSINESSES BEFORE GETTING IN==
==SEEKING OPPORTUNITIES FROM EVERYDAY PROBLEMS, ESPECIALLY PROBLEMS IN USING A/THE PRODUCT==
==OBSERVING OPPORTUNITIES ALONG THE BUSINESS VALUE CHAIN OR IN A SPECIFIC PROCESS IN THE VALUE CHAIN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==OBSERVING TRENDS AND BEHAVIOURS==
==TAKING BIG RISKS AFTER DEEP THINKING==
==GOING AROUND THE WORLD AND OBSERVING WHAT OTHERS ARE DOING IN THE FIELD==
==A GOOD EYE FOR SPOTTING BUYING OPPORTUNITIES==
==ABILITY TO FORECAST SHORT TERM TRENDS AND MOVING QUICKLY==
==TRANSLATING BROAD ECONOMIC TRENDS INTO HIGHLY LEVERAGED, KILLER PLAYS==
==BIG GAINS BY EXPLOITING SHORT TERM PRICE / ARBITRAGE OPPORTUNITIES==
=========STRATEGY============
==SPOTTING A MARKET OPPORTUNITY EITHER IN TERMS OF PRODUCT OR PRICE OR WHATEVER==
==INVESTING HEAVILY IN A MASS MARKET PRODUCT SEGMENT AND CAPTURING HUGE MARKET SHARE==
==VISION, PATIENCE AND EXECUTION==
==FOCUSSING ON BUSINESS AND KEEPING OUT OF PARTY CIRCLES AND POLITICS==
==ABILITY TO MASS PRODUCE SOMETHING THAT WAS CUSTOM MADE EARLIER AND THUS SELL AT LOWER PRICES==
==KEEPING THE COMPANY PRIVATE==
==CREATIVE DESTRUCTION==
==MAKING SURE CUSTOMERS ARE EXTREMELY SATISFIED WITH WHAT YOU OFFER==
==BUYING THINGS ON THE CHEAP, WHIPPING THEM INTO SHAPE AND RUTHLESSLY DRIVE COMPETITORS OUT OF BUSINESS==
==OFFERING COLLEAGUES TO BECOME MORE INVOLVED IN THE COMPANY FROM A FINANCIAL AND OWNERSHIP PERSPECTIVE==
===========SKILLS===========
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==FORMING JOINT VENTURES / TECH PARTNERSHIPS==
==UNIQUE INTERSECTION OF DIVERGENT AND HIGH END SKILLS==
==CHOOSING A BUSINESS PARTNER WHO COULD HIMSELF BECOME A CELEBRITY OR AN INDUSTRY/PRODUCT INFLUENCER==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==
==GETTING ACQUAINTED TO A TECH OR A PRODUCT VERY EARLY IN LIFE==
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
============FIRST============
==FIRST TO DO SOMETHING THAT HAS A MASS MARKET==
===========PERSONALITY==========
==A REBEL AND A CONTRARIAN==
==BRUSHING ALL YOUR SENSES EVERYDAY AND KEEPING THEM ABSOLUTELY ACTIVE==
==GENTLEMANLY WAY OF DOING BUSINESS==
==HELPS OTHERS, EVEN COMPETITORS IN A PERSONAL WAY==
==ABILITY TO LEAD CONFLICTS, ESP CORPORATE CONFLICTS==
==GOOD DEAL MAKER==
==QUICK TO ACCEPT MISTAKES AND TAKE ACTION==
==FOCUSSING ON ONE SINGLE THING 24 HOURS A DAY AND DOING IT REALLY, REALLY WELL==
==SHARING SPOILS WITH COLLEAGUES==
=======CRISES AND DISCONTINUITIES=====
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
==BENEFITTING FROM CRISES==
==SEEING WHAT DISCONTINUITIES / CRISES COULD COME IN FUTURE AND ACTING QUICKLY TO BENEFIT FROM THEM==
==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==GOT FIRED, AND GOT FIRED UP==
==TAKING ADVANTAGE OF A MARKET VACUUM==
============LUCKY BASTARDS==============
==BEING IN THE RIGHT SPOT AT THE RIGHT TIME==
==CATCHING LUCKY BREAKS??==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
========PASSION & INTEREST===========
==HAVING A TINKERER'S MINDSET==
==PASSION ABOUT THE CORE ACTIVITY THAT HIS BUSINESS FOCUSSES ON==
==ENJOY WORKING WITH THE CORE PRODUCT AND INNOVATING IT==
==TALENT AND PASSION FOR INNOVATIONS IN THE PRODUCT==
==IF YOU LITERALLY GET SOME IDEA IN THE DREAM, IT IS POSSIBLY WORTH PURSUING==
==USEFUL PRODUCT INNOVATION==
=====================CONTRARIAN===================
==BUYING THINGS WHEN EVERYONE IS SELLING IN A DISTRESS MARKET==
==DOING IMPORTANT THINGS THAT COMPETITORS DO NOT DO OUT OF HABIT OR CUSTOM==
==CONTRARIAN THINKING==
==INVESTING IN A COUNTRY WHEN THE OTHERS ARE RUNNING AWAY FROM IT==
==================MARKETING & ADVERTISING=============
==GREAT ADVERTISING OF A BRAND==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
======================EARLY MOVER=========================
==TAKING A PRODUCT EARLY TO THE MARKET INSTEAD OF GETTING INTO ANALYSIS PARALYSIS==
==JOINING THE RIGHT COMPANY EARLY IN CAREER==
==SPOTTING OPPORTUNITIES EARLY AND MOVING IN==
==BEING AN EARLY EMPLOYEE OF A STARTUP THAT BECOMES VERY LARGE LATER==
==================OPTIMAL STUFF - TIME AND PLACE==================
==MOVING THE BUSINESS HEADQUARTERS INTO THE MOST OPTIMAL LOCATION==
==GETTING TO DO THE RIGHT KIND OF ACTIVITY AT THE RIGHT TIME==
======================NIMBLENESS==================
=MOVING QUICKLY IN A NASCENT MARKET TO ESTABLISH CLEAR LEADERSHIP==
==TAKING MORE ACTIONS EVEN IF IT MEANS MAKING MORE MISTAKES==
==NIMBLE BUSINESSMAN GETS VERY WEALTHY WHEN THERE ARE BIG POLITICAL DEVELOPMENTS==
==SPLIT YOUR LIFE INTO TEN MINUTE PACKETS==
==RESPONDING QUICKLY TO MARKET NEEDS==
=================THINKING BIG==================
==FOCUSSING ON BECOMING THE LARGEST==
==FIRST TO DO SOMETHING THAT HAS A MASS MARKET==
David and Simon Reuben
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
Leonard Blavatnik
==ENTERING A NEW MARKET WITH DISCONTINUITIES EARLY==
Tadashi Yanai
==GREAT ADVERTISING OF A BRAND==
==A REBEL AND A CONTRARIAN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==TAKING BIG RISKS AFTER DEEP THINKING==
Petr Kellner
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
John Fredriksen
==BENEFITTING FROM CRISES==
==BEING IN THE RIGHT SPOT AT THE RIGHT TIME==
Sunil Mittal
==OBSERVING UNIQUE / INNOVATIVE OPPORTUNITIES==
==FORMING JOINT VENTURES / TECH PARTNERSHIPS==
==SEEING WHAT DISCONTINUITIES / CRISES COULD COME IN FUTURE AND ACTING QUICKLY TO BENEFIT FROM THEM==
Jim Simons
==UNIQUE INTERSECTION OF DIVERGENT AND HIGH END SKILLS==
Kushal Pal Singh
==BENEFITTING FROM CRISES==
==USING FAMILY CONNECTIONS==
==BUILDING RELATIONSHIPS==
==CATCHING LUCKY BRAKES??==
==NURTURING BIG CONTACTS==
Silvio Berlusconi
==POLITICAL CONNECTIONS==
Sheldon Adelson
==BEING A PIONEER IN A VERTICAL MARKET SEGMENT AND BECOMING THE LARGEST AND MOST WELL KNOWN IN IT==
Ricardo Salinas
==IDENTIFYING A NEW, LARGE MARKET FOR AN EXISTING PRODUCT LINE==
Phil Knight
==PASSION ABOUT THE CORE ACTIVITY THAT HIS BUSINESS FOCUSSES ON==
==GOING AROUND THE WORLD AND OBSERVING WHAT OTHERS ARE DOING IN THE FIELD==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
==CHOOSING A BUSINESS PARTNER WHO COULD HIMSELF BECOME A CELEBRITY OR AN INDUSTRY/PRODUCT INFLUENCER==
Leonardo Del Vecchio
==MOVING THE BUSINESS HEADQUARTERS INTO THE MOST OPTIMAL LOCATION==
Jeffrey Bezos
==HAVING A TINKERER'S MINDSET==
==LOOKING FOR TRENDS THAT INDICATE PHENOMENAL MARKET GROWTH==
==REVIEWING AND ANALYSING POSSIBLE BUSINESSES BEFORE GETTING IN==
==FOCUSSING ON BECOMING THE LARGEST==
Mikhail Fridman
==POLITICAL CONNECTIONS==
==GETTING TO DO THE RIGHT KIND OF ACTIVITY AT THE RIGHT TIME==
==ABILITY TO LEAD CONFLICTS, ESP CORPORATE CONFLICTS==
Ravi and Shashi Ruia
==MOVING QUICKLY IN A NASCENT MARKET TO ESTABLISH CLEAR LEADERSHIP==
Mikhail Prokhorov
==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==
Michael Dell
==GETTING ACQUAINTED TO A TECH OR A PRODUCT VERY EARLY IN LIFE==
==OBSERVING TRENDS AND BEHAVIOURS==
==TAKING MORE ACTIONS EVEN IF IT MEANS MAKING MORE MISTAKES==
==SPOTTING A MARKET OPPORTUNITY EITHER IN TERMS OF PRODUCT OR PRICE OR WHATEVER==
==FOCUSSING ON ONE SINGLE THING 24 HOURS A DAY AND DOING IT REALLY, REALLY WELL==
Paul Allen
==A GOOD EYE FOR SPOTTING BUYING OPPORTUNITIES==
==GOOD DEAL MAKER==
George Soros
==QUICK TO ACCEPT MISTAKES AND TAKE ACTION==
==ABILITY TO FORECAST SHORT TERM TRENDS AND MOVING QUICKLY==
==TRANSLATING BROAD ECONOMIC TRENDS INTO HIGHLY LEVERAGED, KILLER PLAYS==
Robert Kuok
==BIG GAINS BY EXPLOITING SHORT TERM PRICE / ARBITRAGE OPPORTUNITIES==
==INVESTING HEAVILY IN A MASS MARKET PRODUCT SEGMENT AND CAPTURING HUGE MARKET SHARE==
==BRUSHING ALL YOUR SENSES EVERYDAY AND KEEPING THEM ABSOLUTELY ACTIVE==
==SHARING SPOILS WITH COLLEAGUES==
==NIMBLE BUSINESSMAN GETS VERY WEALTHY WHEN THERE ARE BIG POLITICAL DEVELOPMENTS==
==MAKING BIG FORTUNES FROM CRISES==
==INVESTING IN A COUNTRY WHEN THE OTHERS ARE RUNNING AWAY FROM IT==
==HAVING BIG POLITICAL CONNECTIONS==
==GENTLEMANLY WAY OF DOING BUSINESS==
==HELPS OTHERS, EVEN COMPETITORS IN A PERSONAL WAY==
==SPOTTING OPPORTUNITIES EARLY AND MOVING IN==
Steve Ballmer
==BEING AN EARLY EMPLOYEE OF A STARTUP THAT BECOMES VERY LARGE LATER==
==STUDYING WITH FUTURE BIG HONCHOS==
==VISION, PATIENCE AND EXECUTION==
Vladimir Lisin
==FOCUSSING ON BUSINESS AND KEEPING OUT OF PARTY CIRCLES AND POLITICS==
Azim Premji
==TAKING ADVANTAGE OF A MARKET VACUUM==
Michele Ferrero
==ABILITY TO MASS PRODUCE SOMETHING THAT WAS CUSTOM MADE EARLIER AND THUS SELL AT LOWER PRICES==
==TALENT AND PASSION FOR INNOVATIONS IN THE PRODUCT==
SERGEY BRIN AND LARRY PAGE
==IF YOU LITERALLY GET SOME IDEA IN THE DREAM, IT IS POSSIBLY WORTH PURSUING==
Charles Koch (and David Koch)
==KEEPING THE COMPANY PRIVATE==
==CREATIVE DESTRUCTION==
Michael Bloomberg
==GOT FIRED, AND GOT FIRED UP==
==TAKING A PRODUCT EARLY TO THE MARKET INSTEAD OF GETTING INTO ANALYSIS PARALYSIS==
Sam Walton
==JOINING THE RIGHT COMPANY EARLY IN CAREER==
==OFFERING COLLEAGUES TO BECOME MORE INVOLVED IN THE COMPANY FROM A FINANCIAL AND OWNERSHIP PERSPECTIVE==
==MAKING SURE CUSTOMERS ARE EXTREMELY SATISFIED WITH WHAT YOU OFFER==
==DOING IMPORTANT THINGS THAT COMPETITORS DO NOT DO OUT OF HABIT OR CUSTOM==
==CONTRARIAN THINKING==
Ingvar Kamprad
==USEFUL PRODUCT INNOVATION==
==SPLIT YOUR LIFE INTO TEN MINUTE PACKETS==
==SEEKING OPPORTUNITIES FROM EVERYDAY PROBLEMS, ESPECIALLY PROBLEMS IN USING A/THE PRODUCT==
Amancio Ortega Gaona
==OBSERVING OPPORTUNITIES ALONG THE BUSINESS VALUE CHAIN OR IN A SPECIFIC PROCESS IN THE VALUE CHAIN==
==RESPONDING QUICKLY TO MARKET NEEDS==
==ENJOY WORKING WITH THE CORE PRODUCT AND INNOVATING IT==
Eike Batista
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
Carlos Slim Helu
==BEING THE FIRST TO LAUNCH A PRODUCT EVEN IF FOR A NICHE MARKET SEGMENT==
==DISCOVERING INVESTMENT OPPORTUNITIES EARLY==
==BUYING THINGS ON THE CHEAP, WHIPPING THEM INTO SHAPE AND RUTHLESSLY DRIVE COMPETITORS OUT OF BUSINESS==
==BECOMING FRIEND WITH TOP POLITICAL LEADERSHIP==
==BUYING THINGS WHEN EVERYONE IS SELLING IN A DISTRESS MARKET==
==BEING ONE OF THE FIRST TO START WORKING IN A NEW MARKET==
=======================================================================
==============NEWNESS==============
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
==BEING A PIONEER IN A VERTICAL MARKET SEGMENT AND BECOMING THE LARGEST AND MOST WELL KNOWN IN IT==
==IDENTIFYING A NEW, LARGE MARKET FOR AN EXISTING PRODUCT LINE==
==BEING ONE OF THE FIRST TO START WORKING IN A NEW MARKET==
==BEING THE FIRST TO LAUNCH A PRODUCT EVEN IF FOR A NICHE MARKET SEGMENT==
==DISCOVERING INVESTMENT OPPORTUNITIES EARLY==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
=========CONNECTIONS===========
==USING FAMILY CONNECTIONS==
==NURTURING BIG CONTACTS==
==POLITICAL CONNECTIONS==
==BUILDING RELATIONSHIPS==
==STUDYING WITH FUTURE BIG HONCHOS==
==========OBSERVING & RESEARCH=============
==OBSERVING UNIQUE / INNOVATIVE OPPORTUNITIES==
==LOOKING FOR TRENDS THAT INDICATE PHENOMENAL MARKET GROWTH==
==REVIEWING AND ANALYSING POSSIBLE BUSINESSES BEFORE GETTING IN==
==SEEKING OPPORTUNITIES FROM EVERYDAY PROBLEMS, ESPECIALLY PROBLEMS IN USING A/THE PRODUCT==
==OBSERVING OPPORTUNITIES ALONG THE BUSINESS VALUE CHAIN OR IN A SPECIFIC PROCESS IN THE VALUE CHAIN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==OBSERVING TRENDS AND BEHAVIOURS==
==TAKING BIG RISKS AFTER DEEP THINKING==
==GOING AROUND THE WORLD AND OBSERVING WHAT OTHERS ARE DOING IN THE FIELD==
==A GOOD EYE FOR SPOTTING BUYING OPPORTUNITIES==
==ABILITY TO FORECAST SHORT TERM TRENDS AND MOVING QUICKLY==
==TRANSLATING BROAD ECONOMIC TRENDS INTO HIGHLY LEVERAGED, KILLER PLAYS==
==BIG GAINS BY EXPLOITING SHORT TERM PRICE / ARBITRAGE OPPORTUNITIES==
=========STRATEGY============
==SPOTTING A MARKET OPPORTUNITY EITHER IN TERMS OF PRODUCT OR PRICE OR WHATEVER==
==INVESTING HEAVILY IN A MASS MARKET PRODUCT SEGMENT AND CAPTURING HUGE MARKET SHARE==
==VISION, PATIENCE AND EXECUTION==
==FOCUSSING ON BUSINESS AND KEEPING OUT OF PARTY CIRCLES AND POLITICS==
==ABILITY TO MASS PRODUCE SOMETHING THAT WAS CUSTOM MADE EARLIER AND THUS SELL AT LOWER PRICES==
==KEEPING THE COMPANY PRIVATE==
==CREATIVE DESTRUCTION==
==MAKING SURE CUSTOMERS ARE EXTREMELY SATISFIED WITH WHAT YOU OFFER==
==BUYING THINGS ON THE CHEAP, WHIPPING THEM INTO SHAPE AND RUTHLESSLY DRIVE COMPETITORS OUT OF BUSINESS==
==OFFERING COLLEAGUES TO BECOME MORE INVOLVED IN THE COMPANY FROM A FINANCIAL AND OWNERSHIP PERSPECTIVE==
===========SKILLS===========
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==FORMING JOINT VENTURES / TECH PARTNERSHIPS==
==UNIQUE INTERSECTION OF DIVERGENT AND HIGH END SKILLS==
==CHOOSING A BUSINESS PARTNER WHO COULD HIMSELF BECOME A CELEBRITY OR AN INDUSTRY/PRODUCT INFLUENCER==
==HAVING A PARTNER WHO IS A FINANCIAL GENIUS==
==GETTING ACQUAINTED TO A TECH OR A PRODUCT VERY EARLY IN LIFE==
==HAVING PEOPLE WITH COMPLEMENTARY KNOWLEDGE IS IMPORTANT IF YOU WISH TO BUILD SOMETHING THAT IS COMPLEX AND INTEGRATED==
============FIRST============
==FIRST TO DO SOMETHING THAT HAS A MASS MARKET==
===========PERSONALITY==========
==A REBEL AND A CONTRARIAN==
==BRUSHING ALL YOUR SENSES EVERYDAY AND KEEPING THEM ABSOLUTELY ACTIVE==
==GENTLEMANLY WAY OF DOING BUSINESS==
==HELPS OTHERS, EVEN COMPETITORS IN A PERSONAL WAY==
==ABILITY TO LEAD CONFLICTS, ESP CORPORATE CONFLICTS==
==GOOD DEAL MAKER==
==QUICK TO ACCEPT MISTAKES AND TAKE ACTION==
==FOCUSSING ON ONE SINGLE THING 24 HOURS A DAY AND DOING IT REALLY, REALLY WELL==
==SHARING SPOILS WITH COLLEAGUES==
=======CRISES AND DISCONTINUITIES=====
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
==BENEFITTING FROM CRISES==
==SEEING WHAT DISCONTINUITIES / CRISES COULD COME IN FUTURE AND ACTING QUICKLY TO BENEFIT FROM THEM==
==BENEFITTING FROM ECONOMIC AND REGULATORY DISCONTINUITIES ESP DURING NASCENT STAGES OF A MARKET==
==GOT FIRED, AND GOT FIRED UP==
==TAKING ADVANTAGE OF A MARKET VACUUM==
============LUCKY BASTARDS==============
==BEING IN THE RIGHT SPOT AT THE RIGHT TIME==
==CATCHING LUCKY BREAKS??==
==BEING THE SON OF AN INFLUENTIAL PERSON IN A RELATED INDUSTRY==
==BORN IN THE RIGHT TIME IN THE CORRECT FAMILY==
========PASSION & INTEREST===========
==HAVING A TINKERER'S MINDSET==
==PASSION ABOUT THE CORE ACTIVITY THAT HIS BUSINESS FOCUSSES ON==
==ENJOY WORKING WITH THE CORE PRODUCT AND INNOVATING IT==
==TALENT AND PASSION FOR INNOVATIONS IN THE PRODUCT==
==IF YOU LITERALLY GET SOME IDEA IN THE DREAM, IT IS POSSIBLY WORTH PURSUING==
==USEFUL PRODUCT INNOVATION==
=====================CONTRARIAN===================
==BUYING THINGS WHEN EVERYONE IS SELLING IN A DISTRESS MARKET==
==DOING IMPORTANT THINGS THAT COMPETITORS DO NOT DO OUT OF HABIT OR CUSTOM==
==CONTRARIAN THINKING==
==INVESTING IN A COUNTRY WHEN THE OTHERS ARE RUNNING AWAY FROM IT==
==================MARKETING & ADVERTISING=============
==GREAT ADVERTISING OF A BRAND==
==GETTING A NEW ADVERTISING / MARKETING STRATEGY THAT GELS BRILLIANTLY WITH THE PRODUCT / SERVICE ==
======================EARLY MOVER=========================
==TAKING A PRODUCT EARLY TO THE MARKET INSTEAD OF GETTING INTO ANALYSIS PARALYSIS==
==JOINING THE RIGHT COMPANY EARLY IN CAREER==
==SPOTTING OPPORTUNITIES EARLY AND MOVING IN==
==BEING AN EARLY EMPLOYEE OF A STARTUP THAT BECOMES VERY LARGE LATER==
==================OPTIMAL STUFF - TIME AND PLACE==================
==MOVING THE BUSINESS HEADQUARTERS INTO THE MOST OPTIMAL LOCATION==
==GETTING TO DO THE RIGHT KIND OF ACTIVITY AT THE RIGHT TIME==
======================NIMBLENESS==================
=MOVING QUICKLY IN A NASCENT MARKET TO ESTABLISH CLEAR LEADERSHIP==
==TAKING MORE ACTIONS EVEN IF IT MEANS MAKING MORE MISTAKES==
==NIMBLE BUSINESSMAN GETS VERY WEALTHY WHEN THERE ARE BIG POLITICAL DEVELOPMENTS==
==SPLIT YOUR LIFE INTO TEN MINUTE PACKETS==
==RESPONDING QUICKLY TO MARKET NEEDS==
=================THINKING BIG==================
==FOCUSSING ON BECOMING THE LARGEST==
Sunday, September 12, 2010
Nobutada Saji
Nobutada Saji is a Japanese businessman. As of 2004, he is the wealthiest individual in Japan, with a net worth of $5.8 billion. Saji became CEO of Suntory in 2001. Leads $11 billion (sales) beverage and food company, Suntory. The company was founded in 1899 by his grandfather and was the first to sell Western liquor in Japan. While their profit has been decreasing at home in recent years, business is thriving in China. Its beer has a more than 50% market share in the Shanghai region. Saji is a serious swimmer as well as an avid reader.
Japan's fourth-largest brewer and food manufacturer. He was the wealthiest individual in Japan as of 2004, with a net worth of $6.9 billion; however, a Forbes survey in June 2006 downgraded him to the fourth-richest, with a net worth of $5 billion.
Link
Highlights
* The company was founded in 1899 by his grandfather and was the first to sell Western liquor in Japan.
==FIRST TO SOMETHING THAT HAS A MASS MARKET==
Japan's fourth-largest brewer and food manufacturer. He was the wealthiest individual in Japan as of 2004, with a net worth of $6.9 billion; however, a Forbes survey in June 2006 downgraded him to the fourth-richest, with a net worth of $5 billion.
Link
Highlights
* The company was founded in 1899 by his grandfather and was the first to sell Western liquor in Japan.
==FIRST TO SOMETHING THAT HAS A MASS MARKET==
David and Simon Reuben
* One friend, who spends time with Simon at the Isle de France Hotel in St Barts, said they are "trustworthy and really rather shy." And an executive who works closely with them said: "People often say that they are secretive but it's more a case of being very private. They are just not ostentatious people. David is the trader and Simon is the investor. They work brilliantly together. They are quite different. For example, David is a technophile and loves gadgets while Simon is completely the opposite. But I have been with them when they finish sentences for each other. In a business sense, they are incredibly smart and have a reputation for never having overpaid for anything."
* In the early 1990s they saw the opportunities in Russia and entered the metals market there, investing significantly in the production and distribution of metals. The Reubens exploited the wild selling taking place in the aftermath of the collapse of the Soviet system to buy up half of Russia's aluminium industry and become the world's third-biggest producer of the metal — and this at a time when Russia represented frontier capitalism at its craziest.
Link
* By early 2000 the Russian business environment had turned sour for many western investors and it was at this point that they moved their interests to the UK market and property in particular. With a rumoured war chest of around £1.5 billion to play with they soon set up a property investment group which had no debt, liquid assets and a variety of bonds. This very quickly became the hallmark of the Rubens business strategy where debt is very rare which ensures that they are never forced sellers of their properties.
Link
Highlights
* David is the trader and Simon is the investor. They work brilliantly together. They are quite different. For example, David is a technophile and loves gadgets while Simon is completely the opposite.
* In the early 1990s they saw the opportunities in Russia and entered the metals market there, investing significantly in the production and distribution of metals.
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
* In the early 1990s they saw the opportunities in Russia and entered the metals market there, investing significantly in the production and distribution of metals. The Reubens exploited the wild selling taking place in the aftermath of the collapse of the Soviet system to buy up half of Russia's aluminium industry and become the world's third-biggest producer of the metal — and this at a time when Russia represented frontier capitalism at its craziest.
Link
* By early 2000 the Russian business environment had turned sour for many western investors and it was at this point that they moved their interests to the UK market and property in particular. With a rumoured war chest of around £1.5 billion to play with they soon set up a property investment group which had no debt, liquid assets and a variety of bonds. This very quickly became the hallmark of the Rubens business strategy where debt is very rare which ensures that they are never forced sellers of their properties.
Link
Highlights
* David is the trader and Simon is the investor. They work brilliantly together. They are quite different. For example, David is a technophile and loves gadgets while Simon is completely the opposite.
* In the early 1990s they saw the opportunities in Russia and entered the metals market there, investing significantly in the production and distribution of metals.
==GREAT TEAM WITH COMPLEMENTARY SKILLS==
==ENTERING A NEW MARKET UNDERGOING DISCONTINUITY EARLY==
Leonard Blavatnik
* Born in the Soviet Union, he attended University in Moscow. He emigrated with his family from Russia to the U.S. in 1978, and received a masters in computer science from Columbia University and an MBA degree from Harvard Business School in 1989. In 1986 he founded Access Industries, a New York-based international industrial group, of which he is Chairman and President. Access has long-term strategic holdings in Europe, North and South America. Initially, he moved into Russian investments, just after the fall of communism. With a friend from University, Viktor Vekselberg, he formed the Renova investment vehicle, and the two joined with Mikhail Fridman's Alfa Group to form the AAR venture. To date, Access has diversified its portfolio to include investments in industries such as oil, coal, aluminum, petrochemicals and plastics, telecommunications, media, and real estate. AAR gained a controlling stake in Russian oil company TNK through privatisation auctions, then in 2003 sold 50% stake to British Petroleum to form TNK-BP, one of Russia's largest oil companies, for which he serves on the board of directors. Link
Highlights
* Initially, he moved into Russian investments, just after the fall of communism.
==ENTERING A NEW MARKET WITH DISCONTINUITIES EARLY==
Highlights
* Initially, he moved into Russian investments, just after the fall of communism.
==ENTERING A NEW MARKET WITH DISCONTINUITIES EARLY==
Tadashi Yanai
* TADASHI YANAI is one of Japan’s most dynamic and innovative businessmen. After taking over his father’s suit shop in 1984 in a sleepy industrial city far from the fashionable capital, he transformed it into Uniqlo, Japan’s biggest retailer, and is now striving to make it the world’s largest. His success has made him the country's richest person, worth more than $9 billion.
* Uniqlo was anything but “cool”. Its first store in Tokyo had just opened in Harajuku and suddenly after the commercials launched, Uniqlo sales people faced a long line of customers each day queing in front of the store before it opened. As it can only happen in Tokyo, the lines of people kept growing throughout the week. A series of 30 second commercials by Wieden + Kennedy Tokyo, featured a wide array of Japanese, who talk about their personal lives, became an overnight sensation. The commercials each ended with a 1900 yen (approximiately $19 ) high quality fleece top available in 24 colors made exclusively by Uniqlo. It was the casual top that changed an entire industry.
* It is a busy Tokyo Saturday, September 1999, as the escalator rises to a floor of high fashion at Barney’s, carrying a young fashionable couple and their conversation is overheard: “ Have you seen the Uniqlo TV commercial? Uniqlo is so cool.” That was a seminal moment, the beginning of a retail revolution in Tokyo, one that reverberates today from Harajuku of Tokyo to SoHo of New York to Oxford Street of London. This former suburban discount apparel shop suddenly burst onto the fashion scene as a new alternative to the elitism of cool with a message of a casual democratic style fit for all Japanese.
* Japan is not known for its rebels, it is a society which has prospered by social and economic balance, preventing differences between people in a homogenous culture. The society does not naturally celebrate or nurture rebels...especially in business. Yanai, however, has a natural skill in walking the tightrope of chance. He is willing to take risks, big risks and he has the self-confidence to survive most failures. Uniqlo had failed once in London after its first big boom in Japan, yet Uniqlo relaunches in the city with two new shops on Oxford Street designed by Masamichi Katayama of Tokyo.
* As a young man, Yanai would visit Barney’s N.Y. at its original location, downtown on West 17th Street and the similarities between the two companies as mens shops brought him to study the New York shop before it bcame an icon of high style. “At the time, they were simply a menswear store - they weren’t a full-specialty store yet at the time. So they were selling brands like Polo and Izod, and it was a great learning experience.” These trips to New York and Barneys gave Yanai the opportunity to study how they marketed and expanded their men’s products from suits to sportswear and later evolve into a full-fledged women’s specialty fashion store.
(Link)
* Kashiwa Sato, the influential designer who also has served as consulting Creative Director for the Uniqlo global branding projects, says of him,” ...at a time when people fear change, Yanai-san is definitely a rebel. For the new generation, seeking a new way and new values, I think he is truly a pioneer.”
* “My recommendation to every member of our company is take your risks after deep thinking.”
Link
* Tadashi Yanai is everything a typical Japanese chief executive isn't: aggressive, opinionated, and unapologetic. His company, aptly named Fast Retailing Co., has become Japan's fastest-growing store chain, mainly by bucking tradition and challenging established rivals on their own turf. Yanai's secret is selling casual duds such as slacks and socks much like McDonald's meals: His chain of 500 no-frills apparel outlets, called UNIQLO, with total sales of $3.3 billion expected this year, offers a set menu at unbeatable prices. For the full year through August, the company forecasts pretax income of $866 million, making it far more profitable than retail giants such as The Daiei Inc. and JUSCO Co. Yanai's scorched-earth pricing strategy has earned Fast Retailing the enmity of corporate and government leaders in Japan, who blame it for stoking deflation in the apparel industry.\
Link
Highlights
* A great ad for Uniqlo became an overnight sensation. The commercials each ended with a 1900 yen (approximiately $19 ) high quality fleece top available in 24 colors made exclusively by Uniqlo. It was the casual top that changed an entire industry.
* “ Have you seen the Uniqlo TV commercial? Uniqlo is so cool.” That was a seminal moment, the beginning of a retail revolution in Tokyo
* Japanese society does not naturally celebrate or nurture rebels...especially in business. Yanai, however, has a natural skill in walking the tightrope of chance.
* As a young man, Yanai would visit Barney’s N.Y. at its original location, downtown on West 17th Street and the similarities between the two companies as mens shops brought him to study the New York shop before it bcame an icon of high style.
* “My recommendation to every member of our company is take your risks after deep thinking.”
==GREAT ADVERTISING OF A BRAND==
==A REBEL AND A CONTRARIAN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==TAKING BIG RISKS AFTER DEEP THINKING==
* Uniqlo was anything but “cool”. Its first store in Tokyo had just opened in Harajuku and suddenly after the commercials launched, Uniqlo sales people faced a long line of customers each day queing in front of the store before it opened. As it can only happen in Tokyo, the lines of people kept growing throughout the week. A series of 30 second commercials by Wieden + Kennedy Tokyo, featured a wide array of Japanese, who talk about their personal lives, became an overnight sensation. The commercials each ended with a 1900 yen (approximiately $19 ) high quality fleece top available in 24 colors made exclusively by Uniqlo. It was the casual top that changed an entire industry.
* It is a busy Tokyo Saturday, September 1999, as the escalator rises to a floor of high fashion at Barney’s, carrying a young fashionable couple and their conversation is overheard: “ Have you seen the Uniqlo TV commercial? Uniqlo is so cool.” That was a seminal moment, the beginning of a retail revolution in Tokyo, one that reverberates today from Harajuku of Tokyo to SoHo of New York to Oxford Street of London. This former suburban discount apparel shop suddenly burst onto the fashion scene as a new alternative to the elitism of cool with a message of a casual democratic style fit for all Japanese.
* Japan is not known for its rebels, it is a society which has prospered by social and economic balance, preventing differences between people in a homogenous culture. The society does not naturally celebrate or nurture rebels...especially in business. Yanai, however, has a natural skill in walking the tightrope of chance. He is willing to take risks, big risks and he has the self-confidence to survive most failures. Uniqlo had failed once in London after its first big boom in Japan, yet Uniqlo relaunches in the city with two new shops on Oxford Street designed by Masamichi Katayama of Tokyo.
* As a young man, Yanai would visit Barney’s N.Y. at its original location, downtown on West 17th Street and the similarities between the two companies as mens shops brought him to study the New York shop before it bcame an icon of high style. “At the time, they were simply a menswear store - they weren’t a full-specialty store yet at the time. So they were selling brands like Polo and Izod, and it was a great learning experience.” These trips to New York and Barneys gave Yanai the opportunity to study how they marketed and expanded their men’s products from suits to sportswear and later evolve into a full-fledged women’s specialty fashion store.
(Link)
* Kashiwa Sato, the influential designer who also has served as consulting Creative Director for the Uniqlo global branding projects, says of him,” ...at a time when people fear change, Yanai-san is definitely a rebel. For the new generation, seeking a new way and new values, I think he is truly a pioneer.”
* “My recommendation to every member of our company is take your risks after deep thinking.”
Link
* Tadashi Yanai is everything a typical Japanese chief executive isn't: aggressive, opinionated, and unapologetic. His company, aptly named Fast Retailing Co., has become Japan's fastest-growing store chain, mainly by bucking tradition and challenging established rivals on their own turf. Yanai's secret is selling casual duds such as slacks and socks much like McDonald's meals: His chain of 500 no-frills apparel outlets, called UNIQLO, with total sales of $3.3 billion expected this year, offers a set menu at unbeatable prices. For the full year through August, the company forecasts pretax income of $866 million, making it far more profitable than retail giants such as The Daiei Inc. and JUSCO Co. Yanai's scorched-earth pricing strategy has earned Fast Retailing the enmity of corporate and government leaders in Japan, who blame it for stoking deflation in the apparel industry.\
Link
Highlights
* A great ad for Uniqlo became an overnight sensation. The commercials each ended with a 1900 yen (approximiately $19 ) high quality fleece top available in 24 colors made exclusively by Uniqlo. It was the casual top that changed an entire industry.
* “ Have you seen the Uniqlo TV commercial? Uniqlo is so cool.” That was a seminal moment, the beginning of a retail revolution in Tokyo
* Japanese society does not naturally celebrate or nurture rebels...especially in business. Yanai, however, has a natural skill in walking the tightrope of chance.
* As a young man, Yanai would visit Barney’s N.Y. at its original location, downtown on West 17th Street and the similarities between the two companies as mens shops brought him to study the New York shop before it bcame an icon of high style.
* “My recommendation to every member of our company is take your risks after deep thinking.”
==GREAT ADVERTISING OF A BRAND==
==A REBEL AND A CONTRARIAN==
==RESEARCHING WHAT COMPETITORS HAVE DONE==
==TAKING BIG RISKS AFTER DEEP THINKING==
Petr Kellner
Petr Kellner graduated from the University of Economics, Prague Faculty of Industrial Economics, in 1987. After the Velvet revolution he worked for the Czech company Impromat, an importer and seller of Ricoh photocopiers. While working for that company, he met Milan Maděryč and Milan Vinkler.
In 1991, after the announcement of Czechoslovak voucher privatization he founded, with Maděryč and Vinkler, the investment fund PPF (První privatizační fond). In 1992, PPF investiční společnost a.s. was established and the funds’ names were changed from privatisation to investment. The funds were very successful and purchased stock of more than 200 corporations with value over 5 billion CZK.
Česká pojišťovna
In 1995 and 1996, PPF bought a 20% stake in the largest Czech insurance company, Česká pojišťovna and started to manage it. Later PPF acquired more shares and became the dominant (93%) owner in 2001, when PPF bought large stakes of shares from Komerční banka and the Czech state. With help of these profitable transactions, the last investors from voucher privatization were bought out and Petr Kellner became the dominant owner of PPF group.
Source: Link
He took the utmost advantage of his nation’s privatization reforms. With the help of vouchers and loans he collected 20% stake in Ceska Pojistovna, an insurer that was burdened with bad loans at that period. He finally got cent percent control when he put together a $170 million rescue package. The insurance company now is the largest and its value is estimated to be at $2.7 billion. This makes Kellner the Czech Republic’s first billionaire.
Petr Kellner invested $160 million in the hugely popular Czech Nova TV in the year 2000. He took advantage of the ugly fight between American cosmetics billionaire Ronald Lauder and a Czech businessman Vladimir Zelezny originally running TV Nova, the biggest television station in the Czech Republic, since 1994. Though later he sold his stake to American billionaire Ronald Lauder again but for a $580 million net profit.
Source: Link
Highlights
* He took the utmost advantage of his nation’s privatization reforms.
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
In 1991, after the announcement of Czechoslovak voucher privatization he founded, with Maděryč and Vinkler, the investment fund PPF (První privatizační fond). In 1992, PPF investiční společnost a.s. was established and the funds’ names were changed from privatisation to investment. The funds were very successful and purchased stock of more than 200 corporations with value over 5 billion CZK.
Česká pojišťovna
In 1995 and 1996, PPF bought a 20% stake in the largest Czech insurance company, Česká pojišťovna and started to manage it. Later PPF acquired more shares and became the dominant (93%) owner in 2001, when PPF bought large stakes of shares from Komerční banka and the Czech state. With help of these profitable transactions, the last investors from voucher privatization were bought out and Petr Kellner became the dominant owner of PPF group.
Source: Link
He took the utmost advantage of his nation’s privatization reforms. With the help of vouchers and loans he collected 20% stake in Ceska Pojistovna, an insurer that was burdened with bad loans at that period. He finally got cent percent control when he put together a $170 million rescue package. The insurance company now is the largest and its value is estimated to be at $2.7 billion. This makes Kellner the Czech Republic’s first billionaire.
Petr Kellner invested $160 million in the hugely popular Czech Nova TV in the year 2000. He took advantage of the ugly fight between American cosmetics billionaire Ronald Lauder and a Czech businessman Vladimir Zelezny originally running TV Nova, the biggest television station in the Czech Republic, since 1994. Though later he sold his stake to American billionaire Ronald Lauder again but for a $580 million net profit.
Source: Link
Highlights
* He took the utmost advantage of his nation’s privatization reforms.
==BENETTING FROM ECONOMIC / REGULATORY DISCONTINUITIES==
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