Remove Cost-Benefit Analysis Remove Entrepreneur Remove Management Remove Technology
article thumbnail

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 413
article thumbnail

Why Businesses Fail | N2Growth Blog

N2Growth Blog

As a person that works with CEOs and entrepreneurs on a daily basis I can tell you with great certainty that all leaders are not created equal when it comes to the competency of their decisioning skills. Conduct a Cost/Benefit Analysis : Do the potential benefits derived from the decision justify the expected costs?

Blog 416