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Why Businesses Fail | N2Growth Blog

N2Growth Blog

Decisioning at the information level affords a higher degree of risk management, but are still not as safe as those decisions based upon actionable knowledge. Conduct a Cost/Benefit Analysis : Do the potential benefits derived from the decision justify the expected costs? Our Freedom.

Blog 386
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Ideas Don't Equal Innovation | N2Growth Blog

N2Growth Blog

My advice to you is not to let your business get caught up in embracing random ideas – at least not without some initial analysis being conducted to determine the likelihood of success. Assess : Put the idea through a risk/reward and cost/benefit analysis. Failed initiatives are costly at several levels.

Blog 373