Strategy and Management Insights

Image source: Harvard Business Review

From the pioneering work of Steve Blank leading to the Lean movement by his protege Eric Ries, we know the benefits of companies that operate by hypothesis and iteration. Startups embrace lean methodologies to help them capture product-market fit, and develop new features beyond an MVP. Instead of lengthy business plans and projections, lean firms operate by testing. We've seen similar insights helping engineering teams since the advent of Extreme programming, Agile, and later SCRUM. The basis of these movements derive from new understandings of human and organizational behavior. Why is strategy not dealt with the same way?

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Employee training is responsible for creating effective management process and setting general standards for business operations. Employees who go trough a good training program tend to be more productive and satisfied with their job. If there's no employee training program, it's hard to stay consistent at all times and measure results.

 Image source: Pixabay

While a certain dose of consistency always exists in the world of business, there are times that offer more opportunities than others, especially for small business owners. If you're looking to start a small business, or you're currently growing one, the time is now right. Technological, economic, and even psychological factors are all working in favor of the business environment.

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While last time we got some great leadership lessons from the U.S. Navy SEALs, this time they're giving advice to entrepreneurs. SEALs don't go through just physical training to prepare themselves for combat. Their preparation includes mental training, which becomes their greatest asset in battle.

Image source: Harvard Business Review

Globalization, innovative technology, and startups are entering the big door of innovation. Existing, established companies are continously disrupted by this phenomenon and have to acquire startups for their growth in new sectors. Generations of executives have been trying to get their companies to be as innovative as the startups they either acquire or are disrupted by.

Image source: Harvard Business Review

If you strive to launch your own startup, you need to have a certain broad knowledge and a precise set of skills. What are those skills and what's the best way to get them?

Image source: Entrepreneur

Great leaders need a clear vision, courage to pursue that vision, and the ability to strategically plan to reach their goals. But above all this, great and respected leaders that serve as inspiration and role models all share one major personality trait - integrity.

Image source: Small Business Trends

Everything we do today affects our future in some way. The actions we take and decisions we make when running a small business have a compounding effect. How well we plan in the present, impacts our businesses growth over time. There are some tactics and strategies you can follow to make sure your business is well prepared for whatever tomorrow brings.

Image source: Small Business Trends

If you're a small business owner, you probably wear many hats at your organization. Daily tasks and operations can take so much of your time, which leads to leaving some important things behind. For example, managing your finances.

Image source: Inc.com

Thought leader is a term used to describe individuals or companies that are recognized as experts and an authority in selected fields of specializations. It's a great honor to be among the businessmen and entrepreneurs to earn that title. But, you shouldn't call yourself a thought leader out loud or in public - even if others consider you to be.