Wednesday, November 12, 2008

Building Pakistan into Empire of the Mind

In a speech at Harvard University in 1943 Winston Churchill observed that “the empires of the future will be empires of the mind.”


Think about the sources of competitive advantage that companies and nations have.

With globalization, competition is global, capital is abundant, ideas are developed quickly and cheaply, and people are willing to change jobs often. Strategies are transparent: Even if you've got a smart strategy, others can simply copy it.

In that kind of environment, the competitive advantage is in execution. And its people and their quality that matters. That is infact the only thing.

This can provide the future direction and hope for Pakistan and Pakistanis.

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