Our gain in net worth during 1984 was $152.6 million, or $133 per share. This sounds pretty good but actually it’s mediocre. Economic gains must be evaluated by comparison with the capital that produces them. Our twenty…
Our gain in net worth during 1984 was $152.6 million, or $133 per share. This sounds pretty good but actually it’s mediocre. Economic gains must be evaluated by comparison with the capital that produces them. Our twenty…
As we discussed last year, the gain in per-share intrinsic business value is the economic measurement that really counts. But calculations of intrinsic business value are subjective. In our case, book value serves as…
Our gain in net worth during 1984 was $152.6 million, or $133 per share. This sounds pretty good but actually it’s mediocre. Economic gains must be evaluated by comparison with the capital that produces them. Our twenty…
Engineers must master technology rather than be distracted from it.
Context
Ren used the blunt phrase “wasting food” to insist that engineers must actually understand technology. He was warning against the distraction of engineers by politics or other non-technical work, not dismissing the value of management. For Huawei, the lesson is that specialist expertise must be protected and put to productive use.
Today's question
In your organization, are specialists allowed to specialize—or are they pulled into endless meetings?
Our gain in net worth during 1984 was $152.6 million, or $133 per share. This sounds pretty good but actually it’s mediocre. Economic gains must be evaluated by comparison with the capital that produces them. Our twenty…