Archive for May 2009
Effectual Decision Making of Revolutionary Entrepreneurs
Entrepreneurs are a different breed, but what is this breed? Recently, Reed et al. examined the decision making practices of highly successful entrepreneurs, individuals who have grown a company to $200 million or more in annual revenues. They found that entrepreneurs tend to use a more effectual logic rather than predictive logic. What is effectual logic versus predictive logic and how does it help entrepreneurs? … Read on.
Read MoreTwo Harvard Experts Provide Perspective On Building Entrepreneurial Businesses In Troubled Economic Times
“Never let a crisis go to waste.” Two leading Harvard University entrepreneurial specialists provide some interesting insight into building entrepreneurial business during these troubled economic times.
Read MoreTop 6 – May 2009
Turtles have shells, but they only progress when they get their head out of their shell. Get your head out and move forward. Never let a crises go to waste. Invest in growth opportunities in bad times. Social Media describes the fusion of technology, telecommunications and social interaction with the sequencing of words, text, graphics,…
Read MoreWhat Can Business Learn from Nonprofit Organizations about Inspiring Customers?
To inspire the consumer, you must help him believe in something that he once thought was impossible. This is where innovators will thrive and institutions will die. Innovators will think in quantum leap fashion. “Institutions” will think incrementally
Read MoreThe Social Media Tsunami
Nobody saw this coming. A few hints were given that something was looming on the horizon, but not to this extent, to this fanfare. It struck suddenly and has pounded down on us with no quarter. In describing the impact of Social Media, the tsunami metaphor works—and mainstream business better be ready to accept it. Rather than being crushed under its immense force, individuals and companies must now learn how to surf—and very quickly. But what exactly triggered this tectonic shift in habit?
Read More