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Sometimes bootstrapping is spoken of in a manner that implies that it is a temporary, albeit important, phase of a company's life.  Kim Warren knows better.

Managers use resources they already have to develop others they need.  They have no choice in this matter - it is unavoidable.  There is no way to pump any resource into the firm without using others that already exist...Management's challenge, therefore, is to design a strategic architecture that can build, powerfully and sustainably, the resources needed to deliver future performance.

The injection of cash into a business accomplishes nothing unless such investment is transformed into resources that complement existing resources - human, social, physical, tangible, or intangible.  So, in a very real sense, the process of building value over time is a game of perpetual bootstrapping: there is always a strategic resource that is in relatively short supply and that, consequently, can be a constraint.

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3:18:44 PM