Ideas

Jim Estill, my mentor, is found of saying "ideas are a dime a dozen" and says that implementation is what counts. There is truth to it although it is only one side of the truth. As far as ideas go, it is more of a question of weather they are good ideas or poor ideas.

Many businesses start and go bankrupt in very short periods of time. Most of the bankrupcies can be attributed to poor ideas implemented. This is also true when customer service is bad and when a company has a lousy product offering.

Good ideas are absolutely essential in almost anything in life. It is from great ideas that all innovations start. First, for ideas to work, they need to be theoretically sound. Most of all, a good idea will be implemented thoughtfully and with consideration.

What is lacking in much of business literature today is a solid theoretical foundation (this is also true for a lot of other literature). There is a small wave of criticism starting on the quality of business literature. I hope it will start to grow.

And the quote for today:
"There is nothing so practical as a good theory" - Ikujiro Nonala and Hirotoka Takeuchi