Tags » Michael Porter

12 steps to make a family business last generations

“Competitive Strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value.”

Michael Porter

WHEN a trade official was asked what makes a family business last from generation to generation, she said that there was so much information available about how to start a business but she wasn’t sure what makes a family business last and what will not make it last. 703 more words

Family Business

Who We Are and What We Do

Lesson I Forget:

So often in life, we use a different personality or attitude depending on where we are. We hear things like, “I’m a very different person at work”.   344 more words

Envy as Motivation to Entrepreneurial Success

“Envy is everywhere. Who is without envy? And most people are unaware or unashamed of being envious.”   – T. S. Eliot

Envy can be felt by everyone and entrepreneurs can use this feeling to their advantage. 463 more words

Benefits Set - off Consequences

Entrepreneurship is all about securing benefits and dealing with consequences for the business. A good entrepreneur balances benefits against consequences so that the latter will not suppress the former. 595 more words

On Defining Strategy

Creative strategy is developing a position with set of activities different from rivals, making trade – offs that limits what the company offers, and having a system where activities that complement one another work well. 722 more words

If you don't know where you are going, any road will get you there…


Why does anyone need a strategy?
As a product manager, I get enough requirements from my current paying customers, that I can keep my development busy for the next 3 years. 582 more words

Strategy

Day #378: Book Recommendations: Business

Last week I got an email from a friend who reads this blog asking me to make book recommendations for a friend who wants to start reading business books. 884 more words