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donald mcmichael

donald mcmichael

value-enhancing outcomes

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Business

The New Gatekeeper?

July 30, 2012

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

July 23, 2012

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?

July 16, 2012

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

July 9, 2012

"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

Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 3

May 28, 2012

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

Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation – Part 1

May 14, 2012

In any high stakes venture it is vital, whether for yourself or a client, to have a sustainable edge. Warren Buffet calls it a Durable Competitive Advantage and Michael Porter refers to it as a Competitive Advantage. Regardless of the phrasing, the concept is the same. Never move into, or stay

Business [Re]Ignition: The 7 Rock Solid Elements of Executing Business Model Innovation

May 7, 2012

If you've been living under a rock for the last five years... First off, welcome back we need you. Second, let me get you up to speed. The hottest two business concepts over the last 24 months have been pivot and business model innovation. Business Model Innovation(BMI): the proces by which

Business Reinvention – the Intro

April 25, 2012

Greg Satell does a great job in his recent post 'The New Media Value Chain' pinning exactly where the media industry currently stands. Both Greg and I live at the nexus of media, entertainment, & technology and have personally witness the ground shift under our feet. While Greg comes from a

Enhancing Financial Performance – 5 Insights that Help – Week’s 5 Best Posts

April 14, 2012

It was a big weekend with a hectic week ahead, but that doesn’t mean I’m going to shortchange you. This week my 5 favorite business and strategy post are all about the economics, how to view them, manage them, and more importantly enhance them by taking a sharp pencil to your business model. If

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Donald McMichael
Insights for entrepreneurial leaders that help them answer two fundamental questions "Where should we play?" and "How do we win?".

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“Our problem isn't the volume of information; it's how we make sense of it all. Our biggest issue is how we make decisions in the workplace.”

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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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