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donald mcmichael

donald mcmichael

value-enhancing outcomes

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Keeping Your Strategy From Going Bust

5:00 am

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: If any of

Pop Quiz: Do you know these 47 business development acronyms?

5:00 am

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

5:00 am

"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

5:00 am

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

2:36 pm

“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

5:00 am

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

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“At the end of the day, finance leaders have to be proper storytellers. You have to be constantly on top of your data and tell the story behind the numbers... The CFO has to be on top of information flow at all times.”

Gerardo Adame, VP Finance at XP Power, and Mark Partin, CFO of BlackLine

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When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps. - Confucius

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