Nazis

Strategic Concepts & Mechanics

Risk DoctrineNo Cross-Pledging of Crown Jewels

Signature MoveDeals Hated, Strategy Loved

Signature MoveNever Run Out of Cheque-Writing Time

Relationship LeverageShare the Pie to Keep the Table

Strategic PatternEcho Bay Model Then Surpass It

Signature MoveKlosters Mountain as Strategic War Room

Identity & CultureRefugee Hunger as Permanent Engine

Cornerstone MoveWritten Memo Then Unanimous Sign-Off

Identity & CultureReturn to Canada Only With Success

Cornerstone MoveBuy Producing Assets at Cycle Bottom, Never Explore

Signature MoveTrust Mining Operators Then Stay Away

Operating PrincipleFocus as Compensation for Ordinary Talent

Cornerstone MoveBorrow Against the Asset to Buy the Asset

Decision FrameworkGeopolitical Disruption as Buy Signal

Strategic PatternScarcity Premium as Entry Signal

Signature MoveControl Without Majority Ownership

Risk DoctrineMonarch's Fortune on the Line

Strategic PatternCaptive Market Before Mass Market

Strategic PatternPrizes and Spectacles as R&D Accelerators

Capital StrategyPartnership Limited by Shares as Power Weapon

Signature MoveRegistration Numbers Not Names

Identity & CultureClan Secrecy Forged in Clermont Soil

Signature MovePencil Stubs and Metro Rides for the Boss

Cornerstone MoveRescue the Customer, Own the Industry

Signature MoveApprentice Files Scrap Metal Under a False Name

Competitive AdvantageSupplier Fragmentation as Secrecy Architecture

Operating PrincipleFacts on the Floor Not Reports in the Office

Cornerstone MoveSelf-Finance Until the World Is Too Small, Then Debt-Fund Continental Conquest

Competitive AdvantageCustomer as Battering Ram Against Intermediaries

Signature MoveLocked Doors Even Against de Gaulle

Cornerstone MoveMake the World Need More Tires Before Selling Them

Signature MoveSabotage Your Own Tires for the Enemy

Cornerstone MoveWartime Radial in a Basement, Peacetime Dominance for Decades

Primary Evidence

"Peter Munk doesn’t believe in leaving his family money. “I believe in leaving them a strong set of moral guidelines. I think that I was influenced by the fact that I saw my grandfather, at the age of seventy-four, kicked out of Hungary by the Nazis with only a knapsack. So to me that can happen again in a lifetime. If you've got the moral guidelines, the self-confidence and the determination, you'll start again and will make it. But if all you have is the money and the money is taken away from you, then you are finished.”"

Source:The Golden Phoenix : A Biography of Peter Munk

"With synthetic rubber (the rubber route is cut off), Michelin also manufactures tires for the Wehrmacht. Tires that the House’s engineers designed to crack at low temperatures. In front of Stalingrad or elsewhere on the Eastern Front, the assault troops’ trucks occasionally find themselves mysteriously immobilized. The Nazis had forgotten: the tire is also a “strategic product.”"

Source:Michelin: A Century of Secrets

Appears In Volumes

The Golden Phoenix : A Biography of Peter Munk Michelin: A Century of Secrets