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donald mcmichael

donald mcmichael

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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

Developing Your Concern’s Organic Growth Skills – Week’s 5 Best Posts

June 29, 2012

“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 Innovation to my left, Business Models to my right… oh my. – Week’s 5 Best Posts

April 7, 2012

photo via Alex Osterwalder's photostream (flickr) It was a holiday-shortened week here in the US, but that doesn’t mean I’m going to shortchange you. This week my 5 favorite business and strategy post are concentrated on insights one can use to help determine how to play the hand they’ve been dealt

How Alliances Should Fit Into Your Strategy

April 3, 2012

Over the last four months I’ve heard an increasing chorus of voices buzzing about business alliances. Much of what I hear is focused on the activities of larger institutions. Think: Redbox & Verizon joining forces to upset Netflix ABC/Disney & Nielsen’s aspiration to capture iPad user

Working on Growing Your Business? Read this. – Week’s 5 Best Posts

March 24, 2012

photo via Wikimedia Commons This week my 5 favorite business and strategy post cover: Leveraging a business’ network to develop better solutions to wicked problems Business model generation, the who (putting together the idea target market profile), the what (your point of excellence), and

The Profitability Paradox – Cash Flow Projections Why Successful Businesses Almost Always Rely on them First

February 21, 2012

All to often small businesses obsess on how much money they’re going to make, the total number of clients, and how much profit they’ll generate. What they lose sight of is the important third leg of the business stool, day-to-day cash flow; doing so almost always guarantees major problems whether

5 Hints on Overcoming Stalled Growth Strategies

February 12, 2012

This week my 5 favorite business and strategy post cover: It’s all about growing your business… here’s the how to do it smartly. What’s old is best again… networking 1980’s style. Don’t call it a comeback… 4 steps for reviving an ailing company. As, always I’m looking to share with you

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

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