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“They were worried that I would get bogged down in wanting to do things, not just create strategy.” - David Polinchock / @lbbinc One of the topics covered during the #LikeMinds Summit this past weekend was precisely this: The chasm between strategy and execution, especially as businesses struggle to understand how to leverage, integrate and operationalize Social Communications (what you do with social media platforms) in the coming 6-24 months. Unfortunately, because the C-suite tends to look to itself when it comes to “strategic masterminding,” the focus too often shifts from execution at the customer level (the most important thing a business should be focusing on on) to… being the guy who came up with the game-changing strategy that will secure more funding and increase influence within the organization. When this happens, strategy becomes a product, and that’s bad. Strategy isn’t a product.
January 18, 2010 Annals of Business How entrepreneurs really succeed. In 1969, Ted Turner wanted to buy a television station.
My Hunch cofounders and I frequently ask ourselves: “If we were to start over today, would we build our product the same way we had so far?” This exercise is meant to counter a number of common cognitive biases, such as: 1. The sunk costs trap.
A little over a year ago I joined Facebook as a Product Manager. I work with the Pages, Location, and Events teams.
With reports of social network Myspace about to sell for ~$30 million, the tech world eagerly awaits the HBS study for why the service, which was bought in 2006 by Newscorp for $580 million and was at some point valued at $1.5 billion (a quote in a Business Week article referred to it as “one of the best acquisitions ever”) ultimately failed.
Title is misleading lots of stufff in this interview especially at the end during the Q&A section by Jun 29
Editor’s note : This guest post is written by Tom Anderson , the former President, founder and first friend on MySpace. You can now find Tom on Facebook , Twitter , and Google+ This is just a guess, but I’d bet money that Vic Gundotra and Bradley Horowitz probably feel like their heads are going to explode.
Tonight I was talking with an exec at Google and I brought up the success of Instagr.am (they’ve gotten more than 500,000 downloads in just a few weeks) and asked him “why can’t Google do that?” I knew some of the answers. After all, I watched Microsoft get passed by by a whole group of startups (I was working at Microsoft as Flickr got bought by Yahoo, Skype got bought by eBay, etc etc). I told him a few of my theories, and he told me back what they are seeing internally. Turns out he was talking to me about these items because Google, internally, knows it has an innovation problem (look at Google Wave or Buzz for examples of how it is messed up) and is looking to remake its culture internally to help entrepreneurial projects take hold.
I turned 40 in March. I didn’t think of it much, and I don’t plan on buying a convertible sports car or otherwise engaging in a mid life crisis. These age milestones just aren’t as meaningful for most men as they are for some women.
Odysseus resisting the Sirens On my three year startup journey that lead to Yipit , I had over 30 other completely unrelated ideas. Each time I got the idea, I would immediately start sweating profusely for three straight hours in a ridiculous state of unbridled excitement and optimism. Sounds great, right?
An entrepreneur recently asked me why startups fail. Startups fail because they run out of money. You’re probably thinking, “Tell me something I don’t already know!” Read on and you’ll see that statement is deceptive in its simplicity
Editor’s note: Guest contributor Eric Ries is a consultant and the author of The Lean Startup , which he will be launching at Disrupt SF on Tuesday.
My cofounders and I started a company in July 2007 very deliberately before we’d decided what product to build. We had a problem that we wanted to solve -- that it was too hard to make and carry out every day decisions using the web. But we were not committed to a particular solution.
If you're like me, you can remember when the first Borders bookstore opened in your town.
Suppose you launch your new startup and don’t get the traction you were hoping for.
Startups, I want to challenge the concept of having a “Plan B”