Remember when you sat in that meeting to discuss the latest product launch and you heard a twenty something roll through a virtual alphabet soup of social media acronyms, only five of which you knew. Right then and there you made a commitment to yourself; "Never again, this is to
7 Elements of a Business Plan
"Entrepreneurship is the management discipline that deals with situations of high uncertainty." - Eric Ries http://youtu.be/tqfL_ESHCrY?hd=1 Here's a short video (9 minutes) of the introduction for the financial management component of the mini-MBA course I was fortunate enough to teach last
Letting Go
In my prior post series on business models I talked about getting liberated. Breaking connections to make room for your new ideas. One of the most difficult traditional views for businesses is the thought that a product or service needs to be perfected before released upon the masses. Yes, a
Developing Your Concern’s Organic Growth Skills – Week’s 5 Best Posts
“Strategy is about ensuring sustained differentiation in a changing environment for better net income margins. Differentiation without better net income margins is meaningless.” - Narayana Murthy This week we will take a look at: Revving up your business’ growth - how to do so smartly,
Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 7
If you sell, and we all do, you're in the business of changing behavior. Pop Quiz: How do you influence yours? Everything that we have covered up until this point will be for naught if you don't have (cultivate) the right mindset. One that constantly challenges how we approach tasks by
Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 6
Let's face it, being the perceived best, obtaining scale, and operational excellence are no longer the sole drivers of business success. Advantage is less durable. But there is hope. What if I showed you how to put together a playbook that would give you the ability to deliver what your customers
Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 5
"In God we trust; all others must bring data." – W. Edwards Deming Who am I to argue? Deming is regarded as having had more impact upon Japanese manufacturing and business than any other individual. The problem is, this quote was more than likely birthed over half a century ago, well
Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 4
The brutal truth about business is this: It’s hard. Have you ever asked yourself: Why aren’t we growing more/faster? Do we have the right solution; does it solve their mission critical issue? This isn’t working, what’s our alternative? If you said, “yes” about any of those questions
Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 3
It’s not your father’s (or mother’s) business world anymore. Three momentous forces — technological, social, and economic — have conspired to rock the business world and caused things to become more complex and uncertain. And, as a result the old ‘go to’ methods fall flat. Point blank, it is a