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

Written By Anthony Sanni

About 80-20 Productivity Deep Dives

80-20 productivity deep dives is a series on 80 20 Productivity where Anthony Sanni discusses concepts and phenomena related to the 80-20 principle and explores how these concepts can be used to help you do more by doing less.

Episode Summary

Winning the Productivity Race: Lessons from Honda’s Corporate Playbook
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.

Get an extra 20% off a 30-day supply of Magic Mind productivity shots. Go to https://magicmind.com/8020productivity and use CODE: PRD20

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

Get an extra 20% off a 30-day supply of Magic Mind productivity shots. Go to https://magicmind.com/8020productivity and use CODE: PRD20

My favourite digital productivity tool (get double the trial period for free! No credit card required: https://try.sunsama.com/anthony

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

Anthony Sanni

Anthony lives to help organizations and individual thrive! He is an author, speaker, consultant and coach specializing in personal effectiveness and productivity,

He used to be an engineer making use of tools, now he helps professionals use the right tools to make the most of themselves.

Follow Anthony on LinkedIn and subscribe to the blog to keep in touch.

Previous

Ep-025: Zero sum game of time—How to beat the game and do more by doing less I
Next

Ep-023: Why you procrastinate, and how to overcome procrastination using the Procrastination Equation