Think B.I.G.™ (Bold Innovative Growth) Business!
Innovation is the new quality initiative. Everyone is “into” innovation. It is the new revolution that is going to revolutionize declining industries, markets, and businesses. And it can—if it is more than rhetoric and becomes an integrated systemic capability in the...
Product, Resources, and Customers – The Three-fold Objective
Every organization begins with the same three-fold objective: develop the “product”, obtain sufficient resources, and capture the market/customer. The manifestations of this three-fold mission vary in magnitude, scope, and timing. The underlying processes and...
Sustainable Growth: A Formula for Success
For businesses of all sizes, the credit and banking industry issues of the last decade have raised questions of how to build and sustain organizations with less dependence on external sources of capital (debt and equity) and more from internal resources, such as funds...
Small Business, Competitive Markets
While big businesses (especially those traded on public stock exchanges) get the press, the real news—and arguably the differences in day-to-day life and the economy—rest in the small business, in this country and around the world. The majority of existing and new...
Knowing Where You Are Going – The Destination, The Route, The Map
I am a map person. Perhaps one day I’ll be a GPS person. Probably sooner rather than later. Especially given my most recent experience with directions downloaded from the internet. Whenever I am traveling I automatically go out to one of the popular internet sites to...
Commercialization Components: Technology/Product and Business Model
Commercialization always involves two components – the technology or product AND the business model. The road to commercialization, however, differs for each business due to many factors: Type or nature of the product/technology/service (the “product”) Experience of...
Business Plans Are Not Academic Exercises
Under the current economic conditions, saying that funding is tight for early stage companies is the epitome of understatement. Yes funding is tight, but it is available for sound ideas with well-thought out businesses and experienced business people developing them....
Building a Better Business
The better business is as much about the business itself as it is the product, service, or technology provided. Without a sound business model, the ability to produce, sell, and deliver the product to the customer—consistently and with quality—competing against other...
The Business Plan “Audience”
Previous articles focused on considering a business of your own, defining the elements, planning for the business, and then developing the business plan. Last month's article ended by asking you to capture some of the questions and answers that you would ask of...
The Business Plan – More than Planning the Business
In a previous article, "Planning Your Business," the introduction included the basic elements to consider when starting your own business. This article delves into differences between “planning your business” and a “business plan.” Business plans presents every...
