September, 2017

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How companies strangle innovation – and how you can get it right

Steve Blank

A shorter version of this post first appeared on the HBR blog. — I just watched a very smart company try to manage innovation by hiring a global consulting firm to offload engineering from “distractions.” They accomplished their goal, but at a huge, unanticipated cost: the processes and committees they designed ended up strangling innovation. There’s a much better way.

Incubator 319
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The Great Retail Reinvention: How the Internet Is Reshaping the Way We Buy Clothing

View from Seed

Apparel is currently one of the most fascinating categories within the Everyday Economy. It’s a $1T+ global industry undergoing tectonic shifts. We are currently seeing the most rapid collapse of retail since the Great Recession, due to the internet changing consumer demand and purchasing patterns. In 2017 alone, we’ve seen widespread store closures or bankruptcies from apparel retailers, including: True Religion.

Internet 209
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Why the Former President of Nickelodeon Joined mitú as CEO.

Both Sides of the Table

Why the Former President of Nickelodeon Joined mitú as CEO. (Hint: 60 million US Latinos driving US growth engine) I am beyond excited to announce the Herb Scannell has agreed to move from NYC to Los Angeles to take on the role of CEO at mitú, the fast growing Latino digital media company, serving more than 100 million monthly unique viewers. Herb is a Puerto-Rican American media executive who was previously the President of Nickelodeon.

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How Online Training Can Help Even Seasoned Employees

YoungUpstarts

by Sean Gordon, CEO of Hirenami . Employee training is usually associated with new hires. However, even the most seasoned employees can benefit from training. Many companies are seeing the value of training veteran employees and for good reasons. Sometimes a company has to change directions or how they sell their products. Other times company leaders notice a drop in productivity or accuracy or need employees to become more efficient in order to remain competitive.

Employee 216
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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in

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7 Cultural Myths That Can Destroy Your Moral Compass

Startup Professionals Musings

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. In fact, they need an early focus on developing their moral compass, as well as setting the right ethical tone. Building an ethical business is more than just compliance and meeting legal requirements, and it has big paybacks.

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Strategic Activities for a Company Retreat

A Smart Bear: Startups and Marketing for Geeks

I am planning a company retreat. What are some great questions we can work on as a company? cc @RNeivert @robwalling @asmartbear. — James Kennedy (@JamesKennedy) July 15, 2017. I happened to be sitting on the tarmac, delayed. In the confines of six square feet of personal space, I sent a few answers. As James later said, these are useful exercises even if it’s not a retreat!

More Trending

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Venture Capital Funding and the Sexism You Can’t Quite Prove

Up and Running

At the outset, it is worth noting that when it comes to the world of venture funding, I am a bit of an outsider. Until a handful of years ago, I didn’t even know what venture capital was, let alone anything about the complicated process of actually acquiring VC funding. I don’t know this world on an intimate, personal level. I don’t know how it operates behind closed doors.

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Five Essentials For Your Business Success

The Startup Magazine

If given a choice, most people would like to own their own business, be their own boss and build their dream rather than working for someone else’s dream; what holds them back is not having the know-how (a business plan), which creates doubt and fosters fear of failure. These are also the best reasons to consider a franchise when going into business.

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Does Drupal Suffice For Your Enterprise Needs?

YoungUpstarts

by Vidhatanand Sharma, Chief Engagement Officer at OpenSense Labs. The internet is rife with opinionated and polarised content over the ‘Best CMS’ of today’s times. In today’s world what drives the demand of the market are the complexity of technologies. These complexities poses new challenges for Drupal as well. Choosing the right technology is confusing and an equally important task.

India 191
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10 Negatives That Still Make Going Public A High Risk

Startup Professionals Musings

In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is up from the dead zone, but is still half the rate of 15 years ago. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company.

IPO 218
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Skills Development in Africa: How Wide is the Skills Gap?

Transformify

70% of Africa’s population is under the age of 25 shaping one of the largest untapped talent pools in the world. At the same time, 75% of all university graduates in Kenya and Nigeria are likely to be unemployed for up to 5 years after graduation. What are the drivers behind these figures and why Africa is so polarized when it comes to skills development and unemployment rates?

Africa 75
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24 Entrepreneurs Explain What They Love About Being An Entrepreneur

Hearpreneur

Being in love is great. Being in love with your business, when you’re an entrepreneur, is even better. Waking up each morning knowing you are getting to do exactly what you love is more than most people could ever say about any “job” they have had. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality.

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How to Fund Your Startup Without Losing Control

Up and Running

Capital investments are like gasoline on a startup business’s metaphorical fire. They allow you to hire more people, purchase new technology, and establish new business connections, among many other benefits. If you’re like most startup CEOs, your startup has been your personal fiefdom and baby. You make all the decisions, when you want, how you want.

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Leading Indicators of Customer Churn, And What to Do About It

ConversionXL

You’ve been acquiring a ton of customers lately for your SaaS company. On the surface, this seems awesome. More customers, more money. So you throw your energy into your customer funnel. However, soon after sign up, they seem to fly right out the back door. Why is this happening? Why do customers leave, or use the service less, often without saying anything?

Customer 110
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Why Your Tiny Startup Needs A Business Plan

YoungUpstarts

by Bob Adams, serial entrepreneur and founder of BusinessTown.com. You might be thinking that a business plan doesn’t make any sense for your small new enterprise. After all you are not planning on trying to get even a bank loan, let alone venture capital. Isn’t that what business plans are really for anyway: raising money? No, the best purpose of a business plan is to help you and your team (if you have one) develop, refine and update your plan for the business.

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7 Steps To Building The Right Team For Your Business

Startup Professionals Musings

Most new entrepreneurs work alone in developing their idea or a solution to a problem, but ultimately realize that starting and growing a business requires more. Not many people have the bandwidth to simultaneously cover all the required bases in finance, marketing, manufacturing, and operations, as well as solution development. It takes a working team to build a business.

Bandwidth 154
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Embargo App Disrupts Hospitality Industry with Style

The Startup Magazine

As we know London boasts a vast choice of bars, restaurants, clubs, cafes – there are not many places in the world that can compare to our city. It is certainly a luxury, but as a customer it is easy to become one of many and miss out. However, it turns out it doesn’t have to be like this… Imagine having all the perks of London’s coolest bars, restaurants and events at your fingertips?

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18 Entrepreneurs Explain Why They Started Their Business

Hearpreneur

Each business has a story. No matter if the business is a Goliath like Wal-Mart, or a local business owned by a couple or family, the business has roots in an idea. For each business owner, the story of their journey can range from monetary needs or the passion for a unique project. Each story is different though the reasons may be the same. No matter the tale, the background behind each and every business is what fuels each and brand.

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Learn From Amazon: How to Tap Into Underserved Markets

Up and Running

Retail stores are closing in large numbers. Despite the fact that, according to at least one study Gen Z shows a preference for shopping in stores some of the time, at least 22 brands are closing locations in 2017. At the same time though, dollar stores are on the rise. What does this tell you? For starters, it confirms that the way consumers shop has fundamentally changed.

Marketing 102
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Hire as if your survival depends upon it.

Berkonomics

Aside from visionary management, this is your most important job. Close. Many of us go through the motions of hiring to fill a position, trying to use our intuition and skills to find the best candidate for the job. Sometimes we use consultants or recruiters; often we use internal talent to fill most positions. And over the years, we students of business success have learned that there is a science to the hiring process that continues through the life of an employee’s tenure with the company.

Hiring 97
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A Complete Branding Strategy For Your Startup Is Kinda Very Important Now

YoungUpstarts

by Nate Vickery, editor-in-chief of Bizzmarkblog.com. Starting up a business is an enormous and serious task that will most definitely pose many challenges along the way. The whole process is a continuum, so it is of high importance to do it well and know where to start. The competition is fierce and with the constant development of technology and social media advances, everything has become bigger, better and faster.

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How to Conduct Your Own Total Online Presence Audit

Duct Tape Marketing

How to Conduct Your Own Total Online Presence Audit written by John Jantsch read more at Duct Tape Marketing. Wondering why your prospects don’t find you on Google, or why your website doesn’t generate traffic and leads like you thought it would? How about why your competitors seem to show up for coveted keywords above you in search results? These are good questions that you should have the answers to.

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Make Your Small Business Smarter with Artificial Intelligence and Machine Learning

crowdSPRING Blog

Mention artificial intelligence (AI) to someone, and they’ll probably think of things like sentient robots or murderous computers. (“I’m afraid I can’t do that, Dave.”). You have to look no further than the phone in your pocket or the credit card in your wallet to know the truth: AI is no longer just a science fiction plot device; it’s everywhere, and super useful for your business.

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25 Entrepreneurs Share Their Favorite Inspirational Business Quote

Hearpreneur

André Gide wrote that,”Everything that needs to be said has already been said. But since no one was listening, everything must be said again.” Quotes are an important part of motivation, though many of them are repeats of another turn of phrase. Business owners are particularly partial to famous quotations. Reading a motivational speech from a business legend or famous creative mind can give you a spark.

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Business Advice Podcasts: Why Every Entrepreneur Should Tune In

Up and Running

Every so often, a new innovation in shareable media changes the game. It starts slowly at first—everything from printed type to television began small—but eventually, it becomes the gold standard for information sharing and entertainment. The latest member of this elite media club is the humble podcast. In 2003, the journey of the podcast began, and by 2007, “The Ricky Gervais Show” made headlines with a record-breaking audience 260,000 listeners.

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What equality in tech looks like in 2017

Transformify

The tech industry is often associated with startup offices packed with young men in their twenties or thirties working long hours on the next Facebook or Google. Unfortunately, this perception is not necessarily misleading. A PWC research reveals that only 3% of the female students would consider a career in tech as their first choice. Why? A quarter of the participants stated that the industry is too male dominated.

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Millennials: Ignore The Advice Of Your Helicopter Parents

YoungUpstarts

by Trevor Throness , author of “ The Power of People Skills: How to Eliminate 90% of Your HR Problems and Dramatically Increase Team and Company Morale and Performance “ Let me take a moment to smash a myth that has been embraced by millions of young people throughout North America. It has become the watchword of a generation; a sacred cow; a touchstone of our whole society: You can be anything you want to be!

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Why You May Be Missing the Boat When It Comes to Local SEO

Duct Tape Marketing

Why You May Be Missing the Boat When It Comes to Local SEO written by John Jantsch read more at Duct Tape Marketing. If you own or work for a local business within your community, you simply can’t ignore local SEO if you want your business to stay competitive. People need to be able to find you in local search results, and businesses near the top of the search engine results pages don’t show up there by accident.

SEO 61
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Plex and the Fourth Industrial Revolution

deal architect

I first wrote about the Fourth Industrial Revolution in the 2013 book The Digital Enterprise. A collaboration with the CEO of Software AG, most of the examples profiled there were Germany based. At the same time, companies like GE were.

Germany 258
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Removing the Roadblocks to Corporate Innovation – When Theory Meets Practice

Steve Blank

Innovation theory and innovation in practice are radically different. Here are some simple tools to get your company’s innovation pipeline through the obstacles it will encounter. — Pete Newell and I’ve been working with Karl, the Chief Innovation Officer of a large diversified multi-billion-dollar company I’ll call Spacely Industries. Over the last 15 months his staff got innovation teams operating with speed and urgency.

Finance 258
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8 Attributes Of The Most Creative Startup Founders

Startup Professionals Musings

An entrepreneur is literally “one who creates a new business.” The best new businesses are ones that have never been done before, so mastering creativity and recognizing creativity are key skills and mindsets. But how does one recognize and nurture creativity in a person or team? In researching this question, I reviewed a classic book by Bryan Mattimore, “ Idea Stormers: How to Lead and Inspire Creative Breakthroughs ,” which details eight attributes of the most creative people, which seem to ma

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The Man Who Coined “Product-Market Fit” Shares Mental Models for Entrepreneurs [Traction #47: Andy Rachleff]

View from Seed

On the podcast today, NextView cofounder Rob Go sits down with Andy Rachleff, VC veteran and the president, CEO, and executive chairman of Wealthfront. They talk about how Andy came up with the term product-market fit, how he applied his own lessons (and updated them) in building Wealthfront, and the mental models founders can use to unlock their real unfair advantage in a tactics-obsessed world: how you think.

Cofounder 184
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Fintech Companies Redesigning The Financial World

YoungUpstarts

by Caroline Capitani, VP of Business Innovation of ilegra. Our relationship with money, whether physical or virtual, is being reinvented by revolutionary startups called fintechs. This new scenario was assessed by CB Insights, who released a report listing 250 fintechs that are transforming banking around the world. As an enthusiast of the entrepreneurial ecosystem, and in particular the financial sector, I decided to focus and look into the list, review the fintech companies selected one by on

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Transcript of How to Cut Through the Noise and Clutter in Marketing Today

Duct Tape Marketing

Transcript of How to Cut Through the Noise and Clutter in Marketing Today written by John Jantsch read more at Duct Tape Marketing. Back to Podcast. Transcript. John Jantsch: So how do you cut through all the noise and clutter in the marketing world today? Maybe you start by unbranding. In this episode of the Duct Tape Marketing Podcast, I get to visit with Alison Stratten, the co-author of a new book called Unbranding, a book she wrote with her husband.

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Oracles momentum

deal architect

I tend to not listen to vendor quarterly earnings calls. I get much better value from briefings at industry analyst events and from customer feedback. I also find it irritating that executives brag and beat up on competitors on these.

Customer 191
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The Most Important Startup Question

For Entrepreneurs

Because of the huge overload of topics clamoring for a startup CEO’s attention, it can be really hard to figure out where to focus. As anyone involved with startups will tell you, focus is key to success. I believe there is one question that should dominate startup founders’ thinking, as it brings all aspects of.

Startup 167