Sunday, September 03, 2006
Pattern recognition skills rather than industry expertise
Industry expertise is very dangerous. When someone runs a business on the basis of what has been already done in that industry, it becomes a self-fulfilling prophecy and the business suffers. The most innovative thinking in an industry often comes from someone outside the industry, but who has worked in a number of industries and has learned pattern recognition. It took Lou Gerstner to turn IBM around. An industry insider could never have done it.