There’s a lot of talk about how to measure your business especially if you’re pursuing product-market fit. You might be a startup or a company trying to (re)build a product. But how do you know if you’re heading in the right direction? Where to start when it comes to measuring? Of course, you’re going to…
Best practices
In reference to the above, when you’re going through this cycle the goal should be to learn more, have clear ideas that are based on quantifiable expectations of underserved needs. This allows you to build precisely. By doing these things ahead of time you will speed up the process. The code will go a lot faster because it has…
Where does success come from? Why is it so hard to sustain? Clayton spends the latter half of his finding ways to find better ways for business. Historically, companies that look virtually untouchable, 10 to 20 years later find themselves in the middle of the pack or at the bottom. Some of the reasons why…
How do you make decisions when the data does not support what you intuitively know. Data-driven decision making is a great idea and it works really well when there’s stability. But how do you deal with things when stability doesn’t exist? There is always a lack of perfect data. Those that can find data and…
“Are you interested in learning how data-driven decision-making can enable you to be a more effective entrepreneur or member of your organization? Below is information about the benefits of becoming more data-driven, as well as a number of steps you can take to become more analytical in your processes.” WHAT IS DATA-DRIVEN DECISION-MAKING? Data-driven decision-making (sometimes abbreviated as DDDM) is…
Having seen a few incidents in the world, this one will definitely be remembered. The tears of sadness, separation, anxiety, sickness, and bad economics are all spinning in circles around us personally and professionally. What comes next are the changes. They say in Washington DC to ‘never waste a crisis’. I believe it’s an unspoken…
Businesses that spin-off value, whether it is in the form of investment stages or revenue have the terrible task of budget prioritization. This is a very delicate stage. Allocating funds based on the wrong expectations can result in bad allocation likely to be focused on the wrong things. The wrong things, wrong time or whatever…
The theory of disruptive innovation tells us that most disruptive technologies (and organizations) appear in the marketplace as rather crummy products. They don’t arrive as a PlayStation. They arrived as a one transistor hearing aid or as this image represents, a 5 transistor AM radio. They market these products not to the upper end of…
A well-run balanced scorecard process enables product-market fit to thrive. How? From Harvard Business School: What you measure is what you get. Senior executives understand that their organization’s measurement system strongly affects the behavior of managers and employees. Executives also understand that traditional financial accounting measures like return-on-investment and earnings-per-share can give misleading signals for…
In reference to the above, when you’re going through this cycle the goal should be to learn more, have clear ideas that are based on quantifiable expectations of underserved needs. This allows you to build precisely. By doing these things ahead of time you will speed up the process. The code will go a lot…