Based on your assessment of the current situation facing your startup or innovation project discussed in my last blog post, the Gut Check (including a good grasp of the past and changing conditions ahead), it is time to put your core idea and inertia through the strategy ringer, or a set of decision-making criteria that should improve your prospects for
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In part I of this blog, I covered various views on strategy, namely the distinction between strategy as a theory for competition and strategy as the realization of goals by all means necessary. We learned from the brilliant work of various though leaders including Porter, Christensen, Hamel, McGrath, Blank and Drucker that the formula for victory on the business battleground
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Who coined the word “Pivot”? “I want to introduce the concept of the pivot, the idea that successful startups change directions but stay grounded in what they’ve learned.” Eric Ries, of course.
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When working for a large company, I remember the arduous, but necessary process of yearly strategic planning, albeit I wasn’t personally invited to the swanky off-site or wherever “the generals gathered in their masses”. Now that I’m part of the management team of an early-stage biotech startup, I get invited to the party – yeah! Then it dawned on me
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You’ve probably heard the idiom, “If it ain’t broken, don’t fix it”. Well, this is probably the last advice you should apply to early stage ventures. Guess what, it probably is broken and you need to fix it! Let me give you a couple of examples where the reverse is actually what’s needed (Break it before you can hope to
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I’m often asked the question “What is more important to corporate innovation or external financial investors – an idea that’s Magical (appeals to their creative or emotional side) or an idea that’s Logical (appeals to their critical reasoning, rational side)”? It reminds me of the question posed by Niccolo Machievelli in ‘The Prince’: Is it better for a ruler to
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Lean Startups Trivia Who came up with the term Minimum Viable Product? Frank Robinson
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Necrophone 