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
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
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
Business Innovation to my left, Business Models to my right… oh my. – Week’s 5 Best Posts
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
Why Some Businesses Almost Always Make the Right Moves – Week’s 5 Best Posts
This week my 5 favorite business and strategy post cover: Better business modeling, the why (capture an unfair advantage), how (…to maintain it), and when (6 signs that you need to rinse and repeat). The art of a sweet science; financial modeling it’s not just about the numbers. The Business
The #1 Most Common Goof In Executing A Business Model
Pop quiz: Why is a business model, and the strategic value proposition that binds it together, often treated as if it will stand the test of all time? Is it because the core market need is constant? Is it the fear of scrapping existing assets (infrastructure, business knowledge, and/or people)
The Profitability Paradox – Cash Flow Projections Why Successful Businesses Almost Always Rely on them First
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
Making Solid Business Decisions: 7 Things that You Must Know
photo: Simon Doggett via Flickr Why are bad decisions made by capable businesses? Business decisions are typically green-lighted, if not made directly, by seasoned people within an organization, then why is it so hit or miss? After all, isn’t decision making something that we as individuals do
Sharpen Your Reception with Valuable Content
Here is why two scary insights for wireless / mobile network service providers are a golden path for you and I. First the setup. Bad news for some; Good for others