The Value in Learning from the Experiences of Others

When starting a new venture, prior related experience can pave the way to business success. Prior experience provides required know how that helps avoid pitfalls and leads to doing more things right. Without appropriate know how, a fledgling business is prone Continue reading “The Value in Learning from the Experiences of Others” »

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During Recession, Less Focus Sometimes Helps

With deteriorating economic conditions, many companies find themselves struggling. A company’s strategic choices can impact how well the business weathers a recessionary downturn. For example, the Continue reading “During Recession, Less Focus Sometimes Helps” »

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Spinoffs Still Not the Answer to Improve Business Performance

Recently, we have been hearing more about corporate breakups. For example, On June 23, 2022 Global Finance ran an article subtitled “Corporate breakups like Kellogg’s are popular again–and it’s not just in the US”.  Kellogg is splitting itself Continue reading “Spinoffs Still Not the Answer to Improve Business Performance” »

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When Identifying and Researching a Market Need Is Not Enough

Find a need and fill it. That’s said to be a key component of business success. And, of course, it’s essential to do market research to understand the market and its need. But, will this be enough? And, why or why not? Continue reading “When Identifying and Researching a Market Need Is Not Enough” »

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When the Entrepreneur Who Built the Business Leaves

We hear a lot about the importance of hiring professional managers to replace the entrepreneurs who drive a company’s successful growth. We are repeatedly reminded that the growing companies need to ultimately replace their entrepreneurial leaders with professionals who can bring in more sophisticated management techniques.

Granted, high growth companies will eventually Continue reading “When the Entrepreneur Who Built the Business Leaves” »

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