Category Archives: Strategy

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Action Beats Strategy

Strategy without action is just hot air. You cannot strategize your way to success. You must take action and execute the strategy to see any results!

As Brad Feld and David Cohen stated in their book Do More Faster, “David didn’t beat Goliath with a whiteboard.” David beat Goliath by picking up some ammo (a few round stones), taking aim with his slingshot, and hitting Goliath in the forehead with a well-placed “kill-shot!”

This is strategy in action!

It is way too common for business leaders to “whiteboard” a strategy and then never implement it. They simply fail to translate their vision into actionable steps.

So, throw away your whiteboard and take some action!

Implement Your Strategy

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6 D’s to Exponential Growth

Peter Diamandis knows about exponential growth and business success. He is a pioneer in the fields of innovation, commercial spaceflights, and incentive competitions. He is also the founder of the XPRIZE Foundation and Abundance 360!

So, when Diamandis speaks about business, innovation, or exponential growth, everyone should take note!

Recently, Diamandis published a brief newsletter outlining the “6-D’s” to exponential growth. These 6-Ds are the six main phases that an idea, product, or technology pass through on their way to making a massive culture impact.

For example, the following 6D technologies have had a huge impact on society:

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70% of Today’s Occupations Will Be Obsolete in 80 Years

Did you know that 70% of occupations in today’s marketplace will be automated or obsolete by the end of this century!

This is a stunning prediction that is hard to believe but it is happening before our eyes.

For those of you who find this hard to comprehend, this sort of job displacement has happened numerous times in the past . . . even in the last century. For example:

  • In the last 60 years, agriculture’s share of workers has seen an 80% drop!
  • Also, in the same period, manufacturing has lost 60% of its market share of workers

As technology, society, and our economies advance, the workplace has seen, is seeing, and will continue to see massive changes and upheavals.

Occupations That Will Be Obsolete or Highly Automated

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How To Build A Business Without A Perfect Product

Most business owners understand that they need to create a differentiated, high-quality product or service to be successful in today’s marketplace.

However, many businesses derail because they are trying to create a “perfect” product. Perfectionism causes them to either never launch or launch too late to capture the market they are after.

Worse yet, many companies think they know what the market wants and they spend millions of dollars creating an amazingly perfect product that no one wants!

The Perfect Product  . . . Is a Myth!

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How to Use the Cloud to Empower Your Business

Pretty much everyone today is aware of “the cloud” and associated technologies. From iCloud to Dropbox, Amazon’s personally tailored Kindle library to Microsoft’s Office 365. Cloud enabled software and services are all around us and growing in functionality and usage.

Also, new products and services are continually entering the marketplace. From smart refrigerators in your home that monitor food consumption and automatically order refills through your cloud based grocery profile, to “Wikipedia like books” that contain and share every reader’s markups, notes and cross references.

The cloud is here and consumer adoption is massive and growing!

The Cloud is a Huge Business Opportunity

In case you haven’t noticed, this is a huge opportunity for businesses to get a virtual lock on a customer! Cloud based business models can secure a solid stream of income for a long period of time by offering a compelling and valuable service.