Understanding the importance of core values is something that I have been fascinated with ever since I read Jim Collins book, Good to Great. Core values form the foundation for businesses that persevere through time and major changes. An apt analogy is that of the growth of a tree; some trees have a quick growth - Read More -
“Strategy is not just a plan, not just an idea; it is a way of life for a company. Strategy doesn’t just position a firm in its external landscape; it defines what a firm will be.” Cynthia A. Montgomery As a business owner one needs to continually assess one’s own company as well as those - Read More -
“The way a team plays as a whole determines its success. You may have the greatest bunch of individual stars in the world, but if they don’t play together, the club won’t be worth a dime.” Babe Ruth The success of any startup depends on the quality of the team executing the plans. It comes - Read More -
“Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.” Jack Welch The reason I ask this question is to understand how the business plans to market itself to its target segment. As mentioned earlier in my blog posts, very often start-up companies fail to sufficiently - Read More -
“Great companies first build a culture of discipline…and create a business model that fits squarely in the intersection of three circles: what they can be best in the world at, a deep understanding of their economic engine, and the core values they hold with deep passion.” Jim Collins In essence what this question is asking - Read More -
“The essential element of successful strategy is that it derives its success from the differences between competitors with a consequent difference in their behavior.” Bruce Henderson The next logical question after hearing an initial elevator pitch is about the competitive advantage. What can you do that your competitors will have a hard time duplicating or - Read More -