Learning Nugget 25 - The Power of Business Model Thinking
Business Models. The words roll of the tongue easily, but the reality is most people are really challenged to describe their current or desired business model in really simple terms. In fact most people haven’t even thought about it. In simple terms the business model is how a company makes money. In most cases it’s design, make, ship, market, sell, support. This is the most common and long standing business model out there. Here is a great HBR article on business models,
Learning Nugget 24 - Risk
If you google quotes on risk, 99% are about not taking enough risk, 1% are taking too much. This is not the first post in which we’ve explored risk. But to date risk has been discussed in generic and vague terms. Let’s get a little more granular. Risk comes in many shapes and sizes. Firstly; The risk OF doing something The risks of NOT doing something Secondly, there is; Personal risk. Risk to you or your team Corporate risk. Risk to your company Operational risk. Risk in
