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Working ON Your Business – Not Just FOR Your Business |
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By Vadim Kotelnikov, Inventor & Founder, Ten3 BUSINESS e-COACH – Innovation Unlimited!, 1000ventures.com
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"Rowing harder doesn’t help if the boat is headed in the wrong direction." – Kenichi Ohmae |
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Staying On Course Most businesspeople are so busy working for their business or in their business that they never find time to work on their business. Thus they fail to anticipate what might happen or what they might be able to make happen.1 Unless you regularly schedule time (one-day out-of-the-office meeting a month at least) to work on your business and answer critical questions, you'll never achieve your stretch goals. Balancing Your Business Systems
If your business is in flames, stop what you
are doing, quiet
your mind
and take a bird's-eye view of your business.
A business is more than finance. Performance measures need to be aligned with the organization's strategy. The Business Systems approach considers business as system of interrelated factors of strategy, owners, investors, management, workers, finance, processes, products, suppliers, customers, and competitors... More Balanced Organization: 5 Basic Elements
Corporate Culture In six words, corporate culture is "How we do things around here."
Corporate culture is the collective behavior of
people using common
corporate vision,
goals,
shared values,
beliefs,
habits, working language,
Enterprise-wide Business Process Management (EBPM)
EBPM addresses the pressing need of the new knowledge-driven economy to integrate business process thinking with strategy, organizational structure and people issues. It requires that your executive team lead and manage differently and think more systemically about your business... More Leading Systemic Innovation
Innovation is
the key driver of competitive
advantage, growth, and profitability.
Today, innovation is
systemic. It arises from complex
interactions between many individuals, organizations and their operating
environment.
There are many parts of the whole field of innovation: strategy innovation, new product development, creative approaches to problem solving, idea management, suggestion systems, etc. Though all of these components are important, in the new era of systemic innovation, you must design your firm's innovation process holistically. Innovation is not divisible – ‘good in parts’ is no good at all. Innovation systems are only as strong as their weakest links... More 7 Dimensions of Strategic Innovation The Strategic Innovation framework weaves together seven dimensions to produce a range of outcomes that drive growth. A company's Organizational Readiness may drive or inhibit its ability to act upon and implement new ideas and strategies, and to successfully manage operational, political, cultural and financial demands that will follow... More Leading Organizational Change The amount of change in organizations has grown tremendously over the past three decades, and the rate of change will only accelerate in the next few decades. No wonder change, and leadership through change, are foremost concerns of CEO’s today... More
3 Strategies of Market Leaders The market leader is dominant in its industry and has substantial market share. If you want to lead the market, you must be the industry leader in developing new business models and new products or services. You must be on the cutting edge of new technologies and innovative business processes. Your customer value proposition must offer a superior solution to a customers' problem, and your product must be well differentiated... More
Working On Your Business Instead Of Being a Slave To It... Questions You Need to Ask Yourself Each Time You Spend a Day Working ON Your Business... 5 Strategic Questions You Should Ask to Understand Where Your Business Is Going... Strategic Thinking... Strategic Achievement... New Goals for Strategic Planning... Management by Consciousness... The Power of Relaxation... Case in Point 25 Lessons from Jack Welch... Case Study Dell Computer Corporation... Case Study GE Work-Out...
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