I love this quote onn the nature of entrepreneurship:
"Having aspirations greater than your resources. That’s universal. Whether you’re Sam Walton or Narayana Murthy [founder of Infosys Technologies Ltd.], if your aspirations are not greater than your resources, you’re not an entrepreneur. For large companies to be entrepreneurial, they have to create aspirations greater than their resources. You can call it 'strategy as stretch' or 'strategic intent'. "
But Italian migrants did continue to go to US right through to the late 60s (indeed most Aussie Italian families I know have a tale of a great uncle/aunt in Canada and a couple more somewhere on East coast of US or in Chicago)... I'm intrigued by the theory though...
Given blog posts are pretty painless to correct (unlike hardcopy news stories which may require an embarassing retraction), I would think a very friendly request to "correct an unfortunate misunderstanding" would be worthwhile...
It'll go the way of Starbucks in Australia within 3 years... i.e. down. There is simply nothing distinctive about their offerings within a mature market
I've seen Folds live about 10 times over the past decade. He's always had crazy improv skills. It's great to see him getting coverage and recognition of this beyond his rabid but small fan-base...
The fashion chains do face one pretty nasty issue - different seasons... do they offer Aussies 6 month old styles each spring/summer? ... or do they use Australia as the testing ground for the US.
That issue is what has prevented H&M, Zara, Top Shop and many, many other European brands fast fashion chains from heading to Australia (one of very few Southern Hemisphere markets).
To demonstrate that spot pricing is a CORE competency you would need to show that it is applied ACROSS their businesses. Where's the evidence they use it much in books sales, music etc?
"Having aspirations greater than your resources. That’s universal. Whether you’re Sam Walton or Narayana Murthy [founder of Infosys Technologies Ltd.], if your aspirations are not greater than your resources, you’re not an entrepreneur. For large companies to be entrepreneurial, they have to create aspirations greater than their resources. You can call it 'strategy as stretch' or 'strategic intent'. "