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APRIL 2008
"You can resist an invading army; you cannot resist an idea whose time has come."
- Victor Hugo
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| TIPS FROM THE TOP |

Recognized by Fortune magazine as “the world’s leading strategy expert in business today”,
Gary Hamel has outlined ten design rules for innovation for companies intent on generating sustained wealth in the future:
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| 1 |
Unreasonable expectations: The beliefs of the organization set the upper limit on how much innovation is possible for the company. Set goals that reflect a higher reach. |
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Elastic business definition: Do not let your company be bound to a narrow self-concept. Searching for unconditional opportunities will expand your opportunity horizon. |
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A cause, not a business: A business can draw strength and courage from allegiance to a transcendent purpose. |
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New voices: Revolutionary strategies must be found by listening to revolutionary voices. Seek input from the youth, the periphery and newcomers. |
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An open market for ideas: Create a dynamic internal market for ideas within the organization. |
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An open market for capital: Don’t set hurdle rates for new projects when those projects promise to be innovative, sustainable and financially beneficial. |
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An open market for talent: If you give people the chance to do interesting, innovative work and solid compensation, they will join you and stay with you. |
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Low-risk experimentation: Know how to manage the consequences if a risk doesn’t work out. |
| 9 |
Cellular division: Divide your company into a large number of revolutionary cells. When your company stops dividing and differentiating, innovation and growth slow. |
| 10 |
Personal wealth accumulation: If you want an entrepreneurial spirit at your company, you must pay people like entrepreneurs. Offer stock options as incentives. |
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| MILLION DOLLAR TALES |
HARLEY DAVIDSON
At a Glance |
| 1901– the first Harley Davidson prototype motorcycle was created |
| 1903 – the Harley Davidson motorcycle company was officially founded |
| 895,000 members worldwide |
| $6.2 billion in sales in 2006 |
| Number 1 selling motorcycle in the United States |
| $7.7 billion estimated brand value |
| $17 billion market capitalization |
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Harley Davidson: Turning a brand into a way of life
The Harley Davidson brand is more than just a motorcycle or a mode of transport; it represents a way of life, a love of freedom, a badge of honor, and camaraderie and brotherhood both on and off the road. It all began in a family garage in 1903 when a young William S. Harley and his friend, Arthur Davidson founded the brand that would carry their names around the world. From the beginning they knew they were selling more than just a set of wheels. The “Harley” experience is a lifestyle, a personality. The brand appeals to people’s emotions and gives an added value of becoming part of the “Harley family.”
There aren’t many brands whose logo people are willing tattoo on their body. The company has developed a variety of initiatives to promote loyalty amongst its customers, including free membership to local motorcycle groups, magazines, insurance and emergency services. Still, other customer benefits include the development of a fashion line, Harley pens and a Harley Davidson credit card, amongst others. The result is a company that generates exceptional loyalty and has turned itself into an icon, a cultural symbol and a social phenomenon. Its mission “to fulfill dreams through the experience of motorcycling” has created the most powerful of all motorcycle brands, one that not only produces wealth but also generates more than 895,000 members worldwide who are united by a similar passion – to make Harley Davidson a way of life.
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| DELVING DEEPER |
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| The homogenizing affects of the forces of globalization have famously lead to Thomas Friedman’s assertion that “the earth is flat”. To what extent is this true, however? Harvard Business School professor, Pankaj Ghemawhat, feels that reports of the “flattening” of the Earth are overstated. |
Click here to download the PDF |
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| SIXTY SECOND INSIGHT |
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| Jack Welch, the iconic former CEO of General Electric and one of business’ most admired figures, talks about the importance of managing the balance between focusing on results and promoting company values. |
Click here to watch |
| PODCAST |
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| Clayton Christensen, Harvard Business School’s leading professor on disruptive innovation, explains his key characteristic of successful, innovative leaders. |
Click here to listen |
| RECOMMENDED READING |

MADE TO STICK: WHY SOME IDEAS SURVIVE AND OTHERS DIE
Authors: Chip and Dan Heath
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"Anyone interested in influencing others—to buy, to vote, to learn, to give to charity or to start a revolution—can learn from this book" - Washington Post
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| UPCOMING EVENTS |
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