Market Responsiveness Quotes

Executives need ample flexibility to respond to the market. That means both reducing costs and increasing innovation.

An adaptable company is one that captures more than its fair share of new opportunities. It's always redefining its 'core business' in ways that open up new avenues for growth.

Imports create competition and keep domestic industry more responsive to consumers. In the United States, we import everything consumers want. So why not pharmaceuticals?

Core competence, as it is used by many managers, is a dangerously inward-looking notion. Competitiveness is far more about doing what customers value than doing what you think you're good at.

We have learned the lesson that the music industry didn't learn. Give people what they want, when they want it, in the form they want it in, at a reasonable price - and they'll more likely pay for it rather than steal it.

Focus too much on the near-term and you won't get tomorrow's customers, focus too much on the long-term and you won't get today's.

The idea that comics stores, distributors and publishers simply 'give the customers what they want' is nonsense. What the customers wanted they didn't get - and they left.

There are only two sources of competitive advantage: the ability to learn more about our customers faster than the competition and the ability to turn that learning into action faster than the competition.

Market like the year you are in.

The fact that industries wax and wane is a reality of any economic system that wants to remain dynamic and responsive to people's changing tastes.

You want to continue to be run by great products, not process for it's own sake.

With most competitors moving ever faster, the race will go to those who listen (and respond) most intently.

A head start is rarely large enough to matter, and time spent in stealth mode-away from customers-is unlikely to provide a head start. The only way to win is to learn faster than anyone else.

The secret of successful retailing is to give your customers what they want

When controversy calls, corporations can be far more responsive than politicians. The market votes every day, after all.

Original visions are often wrong. Companies have to morph as they learn what customers don't want.

Businesses always have opportunities to improve service, product lines, manufacturing techniques, and the like, and obviously these opportunities should be seized. But a business that constantly encounters major change also encounters many chances for major error

Innovation is key. Only those who have the agility to change with the market and innovate quickly will survive.

The real strength of the American economy is its extreme flexibility.

If the general public demanded better, they'd get better, because the market­place responds to the public's needs and desires.

My job is to make sure that as our customers' priorities change, as the environment changes, we shift that portfolio of products to meet them.

Now the industry is looking at the change in a very real way - to find ways of talking to the consumer much faster. Everything we have is changing with communication - from fashion to newspapers.