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Category: Entrepreneurial

  • Exploding leadership myths

    Adopted from Jim Collins’s book Good to Great

    Ten out of eleven good to great CEO’s cited in the book came from inside the company and took the company to great heights.The comparison companies who failed turned to outsiders with six times greater frequency yet failed to produce sustained great results.

    This expodes an important myth on leadership

  • Level 5 leaders have a fire in their belly

    “Level 5 leaders are fanatically driven infected with an incurable need to produce results.They will sell the mills or fire their brother if that is what takes to make the company great”

    Adopted from Jim Collins’s book Good to Great

  • Making your product inimitable

    The three factors are:

    1) Seek legal protection e.g. patents , trademarks e.g. TetraPack

    2) Build durable advantages in the value chain making it difficult to imitate e.g. Ikea business model

    3) Creating competitor lag forcing competitors to make difficult trade offs

    Adopted from Matt Watkinson’s book The Grid

  • Three factors influencing product longevity

    The three factors are:

    1) Increasing product awareness

    2)Acquisition of new customers

    3) Retention of existing customers

    Adopted from Matt Watkinson’s book The Grid

  • Three factors impacting profitability of a product

    The three factors are:

    1) The revenue model adopted

    2) Choosing the right price for the product

    3) The sales volume of the product

    Adopted from Matt Watkinson’s book The Grid

  • Three components to uniquely position product offerings

    The three components are:

    1) The product or service proposition to position the product

    2) The brand appeal to customers

    3) The customer experience journey

    Adopted from Matt Watkinson’s book The Grid

  • Three dimensions of product rivalry in a market

    The three factors are:

    1) The category to which the product belongs to

    2) The territory where the product manufacturer operates in

    3) The alternatives and substitutes with respect to the product

    Adopted from Matt Watkinson’s book titled “The Grid”

  • Three factors on customer’s desirability of a product

    The three factors are:

    1) Values abd beliefs related to the product

    2) Meeting of customer goals using the product

    3) Current barriers with the existing product to long for the new product

    Adopted from Matt Watkinson’s book “The Grid”

  • Great motivational quote

    “It does not matter when we start.It does not matter where we start.All that matters is that we start.”

    Adopted from Simon Sinek’s book Together is Better

  • Great motivational quote

    “It does not matter when we start.It does not matter where we start.All that matters is that we start.”

    Adopted from Simon Sinek’s book Together is Better