Posts Tagged ‘mcdonalds’

The Simplify and Repeat Business Formula

Tuesday, May 8th, 2012

The Schumpeter column at The Economist reviews Repeatability by Zook and Allen. “[The authors] argue that most successful companies share three virtues. They have a highly distinctive core business. They make great efforts to keep their business model as simple as possible. And they apply it relentlessly to new opportunities.”

This strategy has worked for such companies as Nike, Lego, and Apple. But, the columnist argues, simplicity alone does not address the disruptive innovation that can crush an otherwise healthy company, such as Kodak, that falls behind the times.

Read the article here.

Thulasiraj Ravilla on low-cost eye care in India

Thursday, December 17th, 2009

In India, there are 200 million people who need eye care and less than ten percent of them have been reached. Moreover, 80 percent of these eye problems can be easily prevented or treated. Thulasiraj Ravilla, Executive Director of the Aravind Eye Care System, talks about how the clinic manages to serve such a large number of patients each year, only 40% of them paying customers. Dr. V., the clinic’s founder, chose an interesting source of inspiration when looking for a way to deliver low cost, consistent, efficient service in India and worldwide – McDonald’s. Watch the video below.