Remove Brainstorming Remove Business Model Remove Development Remove Franchising
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Strategies to Transform Your Small Business into A Large One

Strategy Driven

First of all, you must identify a pressing need through customer interaction, employee brainstorming, and personal research. Then, you must develop and test a product concept that meets this urgent need. Consider franchising. Research reveals that 80% of McDonald’s locations are franchises.

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Great Innovators Create the Future, Manage the Present, and Selectively Forget the Past

Harvard Business Review

To deal with this problem, over the course of thirty-five years of working with and doing research in corporations around the world, I have developed a simple, practical framework that recognizes all three competing challenges managers face when leading innovation. You need to develop a process for hedging risk. Potato Head, G.I.