Category Archives: Entrepreneurship

Strategic Planning for New Ventures. Part I: What the heck is strategy?

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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Magic vs. Logic in Entrepreneurship

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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Search for a Scalable Business Model

In their book “The Startups Owner’s Manual” authors Steven Gary Blank and Bob Dorf argue that almost everything we know about taking products to market is wrong!  How’s that for an opening statement!?  They go on to illustrate how the world of new product introduction is littered with failures, mostly because companies (including startups) are using the wrong new business

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Memo to large companies: Listen to Lean Startups

Taking a page from Lean Production (the rigorous scientific-like management practices used by Industrial Engineers since the day of mass production, coupled with a heavy dose of Japanese-management style employee engagement), the Lean Startup movement has taken the entrepreneurship world by storm – finally providing a playbook to make a system out of winning in what has previously seamed like

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