Six Ways Out of Business Stagnation

Six Ways Out of Business Stagnation

Blue Ocean Articles, Strategic Models, Strategic Planning
Six ways out of business stagnation. Doesn't sound terribly overwhelming, does it? What most companies need is an underlying core strategy to provide a compass for all tactical implementations. Let's share some of the most common problems contributing to business stagnation. Ivan Dimitrijevic recently posted on Lifehack.com his six reasons for business stagnation. I feel they are a strong list of reasons businesses are struggling. We don't engage our customers. We try to do everything ourselves. We don't use modern tech to its full potential. We don't set ourselves apart from everyone else. We focus on growth at the expense of everything else. We can't handle extra workloads effectively. This is a great list. I include myself in this list because I find I have some history in each of…
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Solopreneurship. Is it for Boomers?

Solopreneurship. Is it for Boomers?

Blue Ocean Articles
I ask this question after hearing the esteemed Prof G., Scott Galloway share his thoughts on how entrepreneurship is a young person's game. Let's discuss solopreneurship. Is it for boomers? First, there may be a distinction to be made around solopreneurship and entrepreneurship. For the most part, I would argue that solopreneurship is about building a cottage industry of sorts. It is the desire to work independently from a team and the necessity to scale something. Whereas entrepreneurship implies the desire to build something that will be bigger than oneself and a willingness to strap on all the necessary baggage to make it happen. Funding, team, development, attorney's, travel, etc. For the most part, I concur with Prof G. Entrepreneurship is a 24/7 endeavor with sacrifices that generally keep one…
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Inside the mind of the blue ocean strategist

Inside the mind of the blue ocean strategist

Blue Ocean Articles, Strategic Models
What does it mean to be a strategist? A common definition: A strategist is a person with responsibility for the formulation and implementation of a strategy. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. Not a bad definition. There are numerous proven models that strategist use in business today. Chron.com states its definition of a "strategy model" as one that exists within the term itself. Basically, a strategy model constitutes a strategic plan, or model, designed to improve a process. Organizations use strategy models to improve operations and meet their goals. [embed]https://youtu.be/8ExRnpy4rPE[/embed] Blue Ocean Strategy works outside the primary focus of other strategic models. That focus being the known industry boundaries where competitive rules are understood and accepted. Blue ocean are defined…
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Join a Collaborative Blue Ocean Strategy Community

Join a Collaborative Blue Ocean Strategy Community

Blue Ocean Articles
Many times over the course of my career I've sought the counsel of mentors and smart people. I'm seeking that out now more than ever. As part of my work in entrepreneurship and Blue Ocean Strategy consulting, I find that I don't like working completely alone. When I'm going into big conversations attempting to solve big problems, I'm generally inviting people, people that are better, stronger, and faster than me to come along. When a client desires help, it's about delivering the results. I won't let my lack of expertise get in the way. Also, I find it is just more satisfying to be part of a community. I have a vision for the Blue Ocean Strategist. Right now, it's a simple website with a growing content list, some decent…
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You’ve made a mistake in your work. Your recovery process has to be thought out.

You’ve made a mistake in your work. Your recovery process has to be thought out.

Blue Ocean Articles
recovery noun [ C/U ] US  /rɪˈkʌv·ə·ri/ the act or process of getting better; improvement: [ U ] The economy is showing signs of recovery. [ U ] The story deals with the recovery of (= getting back) stolen jewelry. (Definition of recovery from the Cambridge Academic Content Dictionary © Cambridge University Press) A proper recovery process is imperative to my operation. Why? Because I'm human and I screw up sometimes. During the course of any operation in any business, it is safe to assume that either you or someone employed by you will make a mistake that cost your company money, time, or both. What processes and procedures to you have in place to bring consistency to the recovery process? I have some guidelines that over the years have proven extremely helpful in getting tough issues diffused if not totally resolved. Step One: Manage expectations properly. You have to set the proper tone and time frame for delivery prior…
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