Remove Core Competence Remove Entrepreneur Remove Operations Remove Travel
article thumbnail

Does Your Startup Have a Spending Strategy?

Harvard Business Review

These spending choices require tradeoffs, so entrepreneurs must first develop a strategy for allocating limited resources across a wide range of available options. They were both naïve to think that creating a high-expense, polished operation would automatically enhance their business. What is your business’ core competence?

article thumbnail

A New Model for Innovation in Big Companies

Harvard Business Review

And it seems to be opening the door for new options that emphasize a deeply pragmatic approach to innovation, including mixing entrepreneurs and corporations. Masala has been at Kuoni, a leading travel services company, since 2007, and is known for frequently shaking things up. A Different Approach. How can you not [do this]?!”.

article thumbnail

Learning from the Innovation Leaders

Great Leadership By Dan

In fact, four essential perspectives or “perceptual lenses” seem to dominate most innovation stories, and often also characterize the entrepreneurs behind them: 1. Or how Herb Kelleher upended air travel with Southwest’s low-cost, no-frills, fun-in-the-air approach.