Pop quiz, What do each of the below have in common? "Come on out to the picture show." "Same Bat time, same Bat channel." "I want my MTV." Each is a former powerful lever in the media game. Ever since I fell into the media/entertainment industry in the mid-1990s the winning combination for
Keeping Your Strategy From Going Bust
Why do business strategies fail? They're developed by smart, insightful, and motivated people. That shouldn't be a formula which results in over 70% going belly up. Yet it does, with most doing so within six months of completion. Popular convention focuses on two causes of failure: people
Pop Quiz: Do you know these 47 business development acronyms?
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,