Make your innovation a hedging process

They are the largest, probably the among the best in class at what they do. They are highly branded and recognized for what they have achieved. They have more resources than most other players to play with. The smartest people. The most money. They desperately want to stay on top. And yet, they fail. How can Nokia go from one …

Great power shifts to watch

Here are 10 trends to watch that will have a major impact going forward according to Thomas W. Malnight and Tracey S. Keys of IMD: 1. Social everything: New generations and their digital world stepping forward Social technologies are now a central part of everyday life and work. The social generations are reshaping companies from the inside, helping them to …

Are venture capitalists paying or living the venture?

Techcrunch article ‘VCs are getting into PR’ started ‘my fire’ again. The article highlights the trend that VCs is no longer just about paying checks – well, if it ever was? – and names PR as one function that VCs are now paying attention to. Obviously, competition for funds and leads as well as the fight for any stakeholder’s recognition …

This year’s heart of the curriculum – not that simple

Creativity, innovation, and entrepreneurship. Politicians strike it as a key component of the legislation. Business schools have recognized the importance of it, both in terms of establishing programs and building the right environments to foster these activities. Executives – both corporate and SME – emphasize the importance of it too: Creativity, innovation, and entrepreneurship is this year’s mantra against the backdrop …

Make money to build better services, the hacker way

So Facebook is hitting the headlines again – for good reasons: 800+ million active users, USD 3.7 billion in revenue. And growing! In eight years! The Internet is a fantastic fertilizer. However, it’s just a fertilizer. At the core of Mark Zuckerberg’s and the Facebook organization’s success is a culture and process that made those results possible, as Eric Ries points out. At Facebook …

M&A strategy of many smaller deals less risky than organic growth

Having analyzed the world’s top 1,000 nonbanking companies over the past decade, McKinsey reveal distinct patterns of deal making. The most frequent factors, such as industry structure, the match of an asset with a well-articulated strategy, and the execution capabilities required to realize value, are as relevant as ever. Further more, returns by M&A approach are widely distributed and can …

Economic gravity shifting to emerging markets

In the foreseeable future, the economies of today’s emerging markets will eclipse those of the developed world in size. In the next 5-10 years we will see more global brands coming from fast-growing economies. Take Latin America, with fast-rising brands such as La Martina in Argentina (the next Ralph Lauren?), Havaianas in Brazil (the next Crocs?) and Kidzania in Mexico …

The fine line between fear and courage

The right decision is often obvious, but the pressure to make the wrong decision can be overwhelming. The general problem can be seen as in the following social-credit-matrix. The expected social rewards for making the crowd-influenced decision appear better than those for making the decision that you think is right: 1. You decide against the crowd 1.1 You are right: Few …

No such thing as a home market

Resting on the belief that operations in your home turf is a safer bet may prove extremely risky. Although ‘globalization’ is close to a cliche, surprisingly many companies have not adjusted their go to market modeling as they expand, develop, divest or start up a new business. John O’Farrell discusses how to build a global company from the ground up. http://goo.gl/jR0qn

Entrepreneurial management. Not an art. Not just for startups.

‘The Lean Startup’ suggests how to accelerate through a pragmatic build- measure – learn feedback loop enhancing chances of building a sustainable business. With this book Eric Ries is a part of the movement that creates science where there was only art. A must read, not just for startup managers. http://goo.gl/xh9Hn