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Bill Gates, in his book, Business at the speed of thought, quotes a study that 42 percent of all business reengineering projects were abandoned prior to completion. This survey was conducted in 1996, and based on my experience I’d say this holds true just as much now as it did then. Gates goes on to [...]
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The statistical link between corporate strategy and profitability was discovered by Richard Rumelt in 1972. He found out that the degree of diversification affected a company’s performance: the less the diversification, the better the company did. What explains business success? This discovery still stands after over 30 years of research. However, it was his 1991 [...]
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During good times is when it is harder then ever to make game changing decisions. To look seriously at your cash cow and saying now is the time to re-think how you do things. When numbers and charts are looking good, incremental change is what most (average) businesses hope for. The great businesses don’t accept [...]
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Can Bill Gates be a billion times smarter than you? No, it is impossible. So if he isn’t smarter than you then what is it that accounts for his success and that of other successful people. It is how we think. And what we choose to focus our attention on. How we think has enormous [...]
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