We’ve all been in meetings where nothing constructive comes out of them, problems aren’t solved, progress isn’t made, goals aren’t met, and everyone’s time is wasted. There are a variety of reasons why meetings can fall apart, but a great way to abolish those reasons is to learn how to run an effective meeting. …
To continuously think of new business ideas and stay competitive in an existing business, it is imperative to stay on top of trends in the industries that are most relevant to you, along with the newest and upcoming technologies and software. When you capitalize early on emerging trends, you put yourself at the front of…
Napoleon Hill is one of the most renowned authors in the business, motivation, and personal development categories. His most popular book, Think and Grow Rich, is recommended by celebrities such as Oprah Winfrey, Tony Robbins, and Daymond John who credited much of their success to this book. In this video, I’ll summarize Napoleon Hill’s…
What is Biomimicry? Biomimicry is an approach to innovation that seeks sustainable solutions to human challenges by emulating nature’s time-tested patterns and strategies. The core idea is that nature has already solved many of our most significant problems. Animals, plants, and microbes are the consummate engineers. After billions of years of evolution and optimization techniques,…
“People will do anything for those who encourage their dreams, assuage their fears, justify their failures, confirm their suspicions, and throw rocks at their enemies.” – Blair Warren In life, you need to continually use the best negotiation techniques possible in order to optimize what you can gain and minimize unpleasant circumstances that are…
The GE McKinsey Matrix is a strategy tool that enables multi-business corporations to prioritize its investments among its business units. In this article, I’ll describe three components related to the GE McKinsey Matrix: Industry Attractiveness Business Unit Strength Strategic Implications of the GE McKinsey Matrix In the 1970s, General Electric requested consultation from McKinsey &…
The Competitive Profile Matrix is an analytical tool that helps you establish your company’s competitive advantage in an easy to use and read format. At one glance, you will be able to see your company’s competitive landscape, your position in a given market, and possible opportunities to differentiate your company’s products and services from the competition. …
If you’re struggling with getting business ideas, you came to the right place. In this article, I’ll describe 5 approaches to come up with business ideas. Approach #1: Play To Your Strengths In general, you’ll maximize your chances of success by continually learning topics and skills that are most related to your core…
Business strategy frameworks provide the following benefits: Help you determine which products warrant the biggest investments of resources and time Help you determine the optimal courses of action in the short and long term Help you attract groups of customers that you wouldn’t attract using traditional strategies in your industry Help you satisfy customer needs…
The S-Curve Pattern of Innovation highlights the fact that as an industry, product, or business model evolves over time, the profits generated by it gradually rise until the maturity stage. As a product approaches its maturity stage, a business should ensure that it has new offerings in place to capture future profit opportunities. These new…
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