DiscoveryDrivenPlanning EvaluatingNewIdeasorVentures

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From the BookHuddle blog
"Discovery-driven planning provides a different framework for making decisions....
1. Make financial projections
2. Compile a list of assumptions that need to prove true for us to realistically expect the financial projections to materialize. Rank order the assumptions in order of importance.
3. Implement a plan to test the validity of the most important assumptions. This plan needs to, quickly and with the least cost possible, validate or invalidate the most critical assumptions. This allows the entre/intrapreneur to revise the strategy prior to deciding to implement through significant investment.
4. Decide on whether or not to implement (in the case of the entrepreneur) or fund an idea/business/initiative (in the case of VC's and/or companies).

  • Posted: Sunday, January 11, 2009

BusinessLessonsfrom“TheEntrepreneurialMindset”

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Peter I. Hupalo, author of Thinking Like an Entrepreneur cites Entrepreneurial Mindset at his blog: "New entrepreneurs can learn much from habitual entrepreneurs. That's the premise of Rita Gunther McGrath and Ian MacMillan, authors of The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty. McGrath and MacMillan define "habitual entrepreneurs" as those who have made a career out of starting new businesses and launching new products. Habitual entrepreneurs find opportunities while others fail to act during times of uncertainty. 'In a world of uncertainty, our guiding philosophy is: Take Charge. If nobody knows what the future will hold, your vision of how to navigate it is as good as anyone's. The future may as well belong to you,' write McGrath and MacMillan." To read the entire blog, click here.

Dates: 12.17.08

  • Posted: Sunday, January 11, 2009

WillNetbooksDisruptLaptops?

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Will Netbooks Disrupt Laptops? posted by Rita McGrath at Harvard Business Publishing has been picked up by and commented on by several bloggers, including Jason Burke at SAS Health and Life Science "Shot in the Arm" blog.

  • Posted: Sunday, December 14, 2008

JuniorYouthblogrecommendsRitaMcGratharticletoyouthfulreaders

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A blog devoted to providing the "best online learning experiences to today's youth" promotes among other articles, Rita McGrath's Harvard Business Press August 20, 2008 article: Unleash the Emotional Appeal of Your Product at Junior Youth.

  • Posted: Sunday, December 14, 2008

Lessonsfrominnovation’sfrontlines

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Driving Organic Growth, the Kellogg School blog, references discovery-driven growth in an an article discussing the company IDEO's single-minded focus for executives seeking insights on innovation. The company's deep experience collaborating with other businesses and with nonprofits and government agencies gives it valuable perspectives on what distinguishes winning from losing innovation efforts. To read the complete post, click here.

  • Posted: Saturday, November 29, 2008
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