Eureka! You’ve had the great idea, now you are off to write your business plan, get some investors on board, and head down the road to riches, simple as that. This traditional approach to starting a business may seem obvious but the obvious course of action is not always the best, or the easiest, especially […]
Read More… from Custom-made: Customer Funding for Business Growth
Success in business is no longer about simply becoming bigger or richer than one’s competitors. It is about being able to deal with increasing levels of complexity, including the management of that which is core to our human nature, our values. In the 21st century’s global arena, and in the wake of corporate scandals, wars, […]
Read More… from Culture Club: Coaching by Values for Corporate Success
Are entrepreneurs born or made? Commonly, characteristics such as risk seeking, assertiveness and vision are considered typical of a successful entrepreneur. But these are innate predispositions or aspects of temperament; by using them as yardstick, it is wrongly concluded that only certain types of people make good entrepreneurs or are capable of worthwhile innovations. Instead, […]
Read More… from Three Competencies Every Entrepreneur Should Develop
Though product/process innovation has become a necessity for many companies, the time and expenses required is now leading hesitant companies to turn towards business model innovation instead. So what do executives need to know about it? Business model innovation matters to managers, entrepreneurs and academic researchers for several reasons. First, it represents an often underutilized […]
With high failure rates being the acknowledged inevitable cost of entrepreneurial activity, examining why this is so is important. Could improving the decision-making process associated with developing and building new enterprises be the key? In this Idea, applying ‘evidence-based management’ (EBM) to avoid failure is encouraged. EBM emphasizes gathering and paying attention to data, understanding […]
Read More… from How Evidence-Based Management Reduces Entrepreneurial Risk
