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Book review: The Strategy Book by Max McKeown

Red Star Kim

What is the informal decision-making process? link] There’s advice to jump your uncertainty gaps by decision-making and actions which involves risk. He adds wisely “The aim of a business is to take risks and benefit from the higher returns of taking those risks”. Strategy is a stream of decisions and actions”.

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Key issues in Marketing and Business Development Planning: Engage, Analyse, Expand, Innovate and Measure

Red Star Kim

Delegates reported a range of issues preventing an improvement in the quality of M&BD plans – from the difficulty in obtaining the necessary data at the outset, through time to conduct structured analyses of the data and the identification of opportunities and threats as well as brainstorming creative ways to address them.

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The 5 Stages of Entrepreneurship

Hubspot Sales

His interest in shoes and sports strongly influenced his decision to start the athletic shoe company. After an initial brainstorming session, you’ll need to narrow your scope and focus on one idea. They build a product that no one wants, causing their businesses to die in infancy. Don’t make the same mistake. The result?

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[Q&A] What are the ethical and practical challenges of ChatGPT?

OnStrategyHQ

An alternative to using ChatGPT entirely as a content producer is using it instead as a collaborator to help you pull ideas together, brainstorm, or assist with creating outlines for topics. AI in Business Strategy The potential applications of AI in strategy were also highlighted. Pro Tip: You could consider using the 80/20 rule.

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20 Strategic Planning Models to Consider

ClearPoint Strategy

I’m willing to bet one of these situations sounds familiar: The strategy at your organization is nonexistent, and you’re assigned to find a strategic planning model so that you can kick off your strategic planning process. Blue Ocean Strategy is a strategic planning model that emerged in a book by the same name in 2005.

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Cracking the Consulting Code: Top 10 Innovation Frameworks

Flevy

Cost Efficiency : By imposing constraints, organizations can achieve breakthrough Innovations without the need for extensive resources, making it a cost-effective strategy. The role of the organizational head is pivotal in this process, requiring a blend of foresight, decisiveness, and adaptability.

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The Ultimate Guide to Entrepreneurship

Hubspot Sales

Entrepreneurship is the process of starting (or improving upon) a business with the ultimate goal of making a profit. It often involves great risk and uncertainty, but it’s also an opportunity to overcome those challenges and to manage multiple aspects of a business operation. Choose and register your business name.