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Why Companies Fail--and How Their Founders Can Bounce Back — HBS Working Knowledge

Why Companies Fail--and How Their Founders Can Bounce Back — HBS Working Knowledge | Strategy and Execution | Scoop.it
Leading a doomed company can often help a career by providing experience, insight, and contacts that lead to new opportunities, says professor Shikhar Ghosh .
David Willden's insight:

*  Start-ups often fail because founders and investors neglect to look before they leap, surging forward with plans without taking the time to realize that the base assumption of the business plan is wrong


*  "Instead of going into the venture with a broad hypothesis, they commit in ways that don't allow them to change," Ghosh says

 

*  "The predominant cause of big failures versus small failures is too much funding," Ghosh says. "What funding does is cover up all the problems that a company has. It covers up all the mistakes, it enables the company and management to focus on things that aren't important to the company's success and ignore the things that are important.

 

*  Ghosh says boards of successful companies often seek out the founders and CEOs of failed companies because they value experience over a clean slate.

 

*  After all, Henry Ford, Steve Jobs, and Desh Deshpande experienced multiple failures before achieving success.

 

*  "The more that you can embrace all the little failures you have, and treat them as ways of improving the system, the less likely that the entire system will collapse," Ghosh counsels.

 

*  "But when a company is going down and you protect your own interests it's always at the cost of someone else. People don't forgive that."

 

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Leadership

Leadership | Strategy and Execution | Scoop.it
Leadership is never as easy as it looks and that's exactly how it should be. Becoming a great leader is a marathon and not a sprint..
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Business Strategy - Staying on top

Business Strategy - Staying on top | Strategy and Execution | Scoop.it
Business Strategy - Staying on top. BOSSES fail for many different reasons. Some are just unlucky. Some are sunk by their lack of ambition.
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What to Consider When Becoming a Consultant - Strategy News

What to Consider When Becoming a Consultant - Strategy News | Strategy and Execution | Scoop.it
What to Consider When Becoming a Consultant
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Strategy Development - Facilitation

Strategy Development - Facilitation | Strategy and Execution | Scoop.it
Strategy Development - Facilitation. Imagine for a moment, you were hired two weeks ago as the new VP of strategy for a large international company.
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Market Driven Strategy

Market Driven Strategy | Strategy and Execution | Scoop.it
Market Driven Strategy. George S. Day brings out essential key points in his book, such as get your strategy right and ...
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Apple Business Strategy-Introduction

Apple Business Strategy-Introduction | Strategy and Execution | Scoop.it
Apple Business Strategy-Introduction: Apple Inc. is the most admired company in the world. It has been the most admired, according to Fortune magazine, for four straight years.
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Agile Strategic Management

Agile Strategic Management | Strategy and Execution | Scoop.it
Agile strategic management can significantly increase the chances that your organization achieves its goals.
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Develop Your Own Products and Services

Develop Your Own Products and Services | Strategy and Execution | Scoop.it
In Purpose Based Consulting's training program, you narrow your niche and refine your target market. Most people tend to define a niche that is too broad. We think that by being more general, we open ourselves to more opportunities.
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PURPOSE: Stop going nowhere. Create a purposeful business and career for yourself

PURPOSE:  Stop going nowhere. Create a purposeful business and career for yourself | Strategy and Execution | Scoop.it
It is important to become clear about your career purpose by examining your noblest of passions, your natural talents, your strengths, the contributions your soul yearns to make, and who you hunger to become.
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Create Your Ideal Niche Consulting Business

Create job security by creating your niche consulting business. Companies are moving away from hiring full-time employees to niche consultants.
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Twitter / strategy_keys: "If you have never failed, ...

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Articles on Strategic Leadership and Execution

Articles on Strategic Leadership and Execution | Strategy and Execution | Scoop.it
Articles on Strategic Leadership and Execution
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Business Results - Revolution

Business Results - Revolution | Strategy and Execution | Scoop.it
Business Results - Revolution. Should a company, which aims to achieve the best performance and acquire the right customers, focus on two or three things?
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Consulting Market Trends

Consulting Market Trends | Strategy and Execution | Scoop.it
Consulting Market Trends. Global consulting industry revenues will be about $431 billion in 2014
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How to find a profitable niche for your consulting business - Strategy News

How to find a profitable niche for your consulting business - Strategy News | Strategy and Execution | Scoop.it
How to find a profitable niche for your consulting business
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Review of Strategic Speed

Review of Strategic Speed | Strategy and Execution | Scoop.it
Review of Strategic Speed. Only 30 percent of strategic initiatives are successfully executed. Most CEOs view the process as too slow.
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Business Strategy Formulation - People Advantage

Business Strategy Formulation - People Advantage | Strategy and Execution | Scoop.it
Business Strategy Formulation - People Advantage
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Business Leadership Skill - Multipliers

Business Leadership Skill - Multipliers | Strategy and Execution | Scoop.it
Business Leadership Skill - Multipliers. Highlights from "Multiplier" - a book on true leadership
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Amazon Inc. Become Number 1

Amazon Inc. Become Number 1 | Strategy and Execution | Scoop.it
Amazon Inc. has beat Apple! Amazon is now no. 1 in the latest Harris Interactive survey of corporate reputations. Amazon's Success – Strategy, Culture, Execution.
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Target Marketing: How to create engaging marketing content.

How do you want the market to see you? How do you want your target customers and competitors to see you? Do you want to be seen as a leader? You will also determine what makes you likable?
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Find Your Niche

Find Your Niche | Strategy and Execution | Scoop.it
Start by seeking to become clear about your purpose. Hoping and counting on a bright future when you don’t have a clear purpose and vision is helpful but only in the beginning.
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Niche Consulting is a Key to Future Job Security

Niche Consulting is a Key to Future Job Security | Strategy and Execution | Scoop.it
Career Change: Counting on “corporations” for a job is an unwise bet. As change accelerates, the working world will radically change.
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Consulting on the Cusp of Disruption | Harvard Business Review

Consulting on the Cusp of Disruption | Harvard Business Review | Strategy and Execution | Scoop.it

In our research and teaching at Harvard Business School, we emphasize the importance of looking at the world through the lens of theory—that is, of understanding the forces that bring about change and the circumstances in which those forces are operative: what causes what to happen, when and why.

 

Disruption is one such theory, but we teach several others, encompassing such areas as customer behavior, industry development, and human motivation. Over the past year we have been studying the professional services, especially consulting and law, through the lens of these theories to understand how they are changing and why. We’ve spoken extensively with more than 50 leaders of incumbent and emerging firms, their clients, and academics and researchers who study them. In May 2013 we held a roundtable at HBS on the disruption of the professional services to encourage greater dialogue and debate on this subject.

 

We have come to the conclusion that the same forces that disrupted so many businesses, from steel to publishing, are starting to reshape the world of consulting. The implications for firms and their clients are significant. The pattern of industry disruption is familiar: New competitors with new business models arrive; incumbents choose to ignore the new players or to flee to higher-margin activities; a disrupter whose product was once barely good enough achieves a level of quality acceptable to the broad middle of the market, undermining the position of longtime leaders and often causing the “flip” to a new basis of competition.


Via WorldsView Academy
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David Barrett's curator insight, January 17, 8:29 AM

This is an awesome message to all of us Type A’s: stop talking once in a while and listen!  It offers three key behaviors of empathetic listening:
- recognizing all verbal and nonverbal cues;
- processing, understanding the meaning of the messages
- assuring others that listening has occurred and encouraging communication to continue.

The bottom line, says author Christine Riordan… “Slowing down, engaging with others rather than endlessly debating, taking the time to hear and learn from others, and asking brilliant questions are ultimately the keys to success."

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Twitter / strategy_keys: In the future new economy, ...

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Twitter / twistimage: Interesting stat: 76% of ...

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Future of Technology - Eric Schmidt

Future of Technology - Eric Schmidt | Strategy and Execution | Scoop.it
Future of Technology - Eric Schmidt. Thoughts from Google Chairman on the Most Successful Future Technologies.
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