Tag Archives: entrepreneurship

Eat The Bug: Do What Others Can’t Or Won’t Do

Every organizations lives and dies by its strategy. What makes a good strategy? The best strategies are simple and answer 5 fundamental questions: who, what, where, how and why.

Still, developing a strategy is hard. There’s a tendency to make it a very complex activity, which I believe drives most organizations to fall for many traps; one being the the copy-paste approach.

Startups, by their very nature, do not fall for this trap. But this doesn’t mean their path to victory will be easier; but much more harder.

How Do You Overcome The Early Adopter Challenge?

There are three forces needed for innovation to happen: ability, infrastructure and market. When all three exist you have an industry. Creating a new industry is a long-term challenge, which many people and organizations will not take on. When starting out, every startup is in a race to create find product-market fit. It’s not about being first to market, it’s about getting the business model right.

The Early Adopter Challenge: Everyone is Afraid of Being First

The Next Economy will be driven by 10 key emerging technologies. All of these technologies are in the news 24/7. Yet, most organizations and governments are behind the technology curve. They’re either slow adopters or stagnant. There’s a difference between being a slow adopter and being stagnant; the latter means you’re not even aware of what’s going to change your business in the short and long-term.