Crafting value propositions is one of the most important arts in new business creations. Often they get trapped in dilemma. High level trends, customer needs and proposition statements tied to a crisp solution. The idea here is about changing the order for how you create your pitch to make it crisper and to set a…
Business models are easy as long as you stick to your current one. But the nature of the future is we will see major industry disruptions. Driven by digitalization and datafication waves hitting markets. This create new challenges for you as a leader to transform your business model. From a clear and well known model…
Platform logic define many aspects of a networked economy. Your business is part of a bigger eco-system, where your platform strategy is a vital choice. This development area focus on increased awareness on platform logics and how to pick the right platform. The smart phone industry is a great example of a networked business where…
IEEE has long used a simple method for evaluating new project proposals towards five well defined criteria. These criteria have supported new steps for technologies like Ethernet and WiFi for many years. The five criteria are greats as a benchmark for strategic initiatives in your own organization too. Most large organizations have a set of…
Most business plans starts by outlining the market trends and customer needs. This model works well when your search for gradual improvements in an existing business. As you enter a new business or when a major inflection point hit you market you need a different approach. You need to move from searching for insights instead…
Growth is one of the fundamental objectives for any business. Driving growth and making strategic choices to secure growth are crucial business skills you need to build as a leader. This post outline three different ways to grow a business Growth is often discussed without looking into the execution details. If you run an existing…
My experience is new business is grown at the intersection of strategy and execution. As a consequence leaders should focus on strategy execution when building new businesses. Leaders tend to have a bias towards strategy or executions as their real strength. sides. Operations people are great at execution. Exceptional marketers and builders of new business are…
Business leaders face two challenges, to execute on current core business and to grow the business into new areas. We can refer to this as “now’ and ‘new” challenges. This development theme is about how you as a leader best can balance between the two. The hardest part of managing “now” and “new” starts with…
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