Ep-024: Harnessing Honda's Strategy: Innovate and Outperform in Your Field

In this episode of "80/20 Productivity," we explore Honda's story of victory over Yamaha and it’s application of Palchinski’s three groundbreaking principles—innovation, survivability, and feedback.

Discover how these timeless strategies, once used to decisively outmaneuver Yamaha in the corporate battlefield, can be harnessed today to turbocharge your productivity and outpace your competition.

Uncover how you can apply these principles to not just survive but thrive by doing more with less.

The Vital Few (TVF) Timestamps:

[00:00:00 - 00:00:24]: Introduction

[00:00:24 - 00:01:06]: Peter Palchinski’s Principles

[00:01:52 - 00:02:29]: A case study of how Honda adeptly applied these principles during the 1980s to outmaneuver Yamaha in the motorcycle industry.

[00:02:38 - 00:03:34]: How historical industrial strategies can be adapted to modern challenges in productivity and value creation.

[00:04:24 - 00:06:25]: Exploring Honda’s response to Yamaha’s challenge and the strategic use of innovation to dominate the market.

[00:19:22 - 00:20:09]: The importance of feedback in continuous improvement and its role in the evolution of ideas and strategies.

[00:13:04 - 00:14:05]: Discussing the critical importance of ensuring survivability while pursuing innovative ventures and its implications for personal and corporate strategies.

[00:26:30 - 00:26:55]: Summarizing the insights gained from the episode and action orientation

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Notes and References

Dempsey, Peter & Heard, Edward & Sammut-Bonnici, Tanya. (2015). Time-Based Competition. 10.1002/9781118785317.weom120082.

Redford, John (February 1996). "Peter Palchinsky (1875 – 1929) Russian Mining". Doomed Engineers. Retrieved 8 February 2024.

What is Time-Based Competition? https://www.bcg.com/about/overview/our-history/time-based-competition

Anthony’s Book: The Law of The Vital Few