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Forbes Wal-Mart Proves It Takes More Than Tech

""This was not expected. The technology that went into what Wal-Mart did was not brand-new and not especially at the technological frontiers, but when it was combined with the firm's managerial and organizational innovations, the impact was huge."

In other words, it wasn't the technology but the management that made Wal-Mart drive the last economic boom. And it wasn't the pace of technological innovation but sheer muscle that Wal-Mart used to force its suppliers to adopt common IT standards that led to the company's remarkable productivity advances."

MIT Technology Review Wal-Mart Trumps Moore's Law
"In terms of sheer economic impact, the single most important, dynamic, defining technological innovation in America hasn’t been the silicon cliché of Moore’s Law; it’s the relentless promotional promise of “everyday low prices.” Sure, Microsoft, Intel, Cisco and Dell may be terrific companies, but the true corporate leader driving productivity improvement over the past decade has been Wal-Mart. When it comes to managing high-impact innovation, there is no contest—Sam Walton still matters more than Bill Gates."

redux [10.25.01]
MarketingProfs.Com Will and Vision: How Latecomers Grow to Dominate Markets
"Everybody thinks that it's the market pioneers who have the best name recognition, the highest market share, and the most enduring market leadership....Right?"

"Our discoveries may surprise the business community. After exposing the limitations of prior studies that extolled the success of pioneers, we find that pioneers mostly fail, have low market share, and are rarely enduring market leaders. In addition, we found that the current trend of staking everything on getting there first all-too-often leads companies to embrace a disastrous strategy of rushing to market with incomplete, inferior, and flawed products."

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