The way you want to respond is to ask a question: Is this technology directly relevant to our hedgehog concept? If the answer is YES then we want to become pioneers not in the technology but in the application of that technology specifically linked to our hedgehog concept.
The point of that is if you look at Walgreen's history they've always been pioneers in the application of technology. They're the only drugstore chain that I know to have their own satellite.
My mother and my grandmother are pioneers of Mexican cuisine in this country so I grew up in the kitchen. My mom Zarela Martinez was by far my biggest influence and inspiration - and toughest critic.
China has all the advantages in the world. But it doesn't have a history of free thinking risk-taking pioneers - the kind of people the U.S. is built upon.
Negro banks as a rule have failed because the people taught that their own pioneers in business cannot function in this sphere withdrew their deposits.