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Why Startups Fail: Six Issues to Avoid

Leading Blog

Marketing: How much to spend on marketing. Premature scaling of marketing and product development efforts is a widespread cause of startup failure. Team: If the other elements in the diamond-and-square framework are aligned, a weak team is unlikely to deal a death blow to the venture.

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Three Ways Leaders Can Improve Decision Making

Lead Change Blog

The little-known fact is that Nokia had invested USD40 billion into creating a similar style iPhone device with color touchscreens, maps and shopping but the product never hit the shelves as management thought it would not have mass market appeal. How wrong they were. Slow Down To Speed Up.

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Finding the Sweet Spot Between Mass Market and Premium

Harvard Business Review

While these numbers indicate an underlying issue with all new product development, there’s more at stake with premium products because of their higher revenue potential. In 2015, for example, small food and beverage manufacturers drove nearly half of category growth , while the top 25 manufacturers could only take credit for 3%.

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The $2,000 Car

Harvard Business Review

Increasingly, Western companies are developing products in countries like China and India, and then distributing them globally. For example, GE developed an ultra-low-cost ultrasound for rural China which is now marketed in over 100 countries. They take a "market-back" perspective.

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Instead of Optimizing Processes, Reimagine Them as Platforms

Harvard Business Review

One applications outsourcing team, for example, proposed a clever UX tweak to help optimize a global fulfillment process their company managed for its biggest client. The breakthrough came less than 20 minutes into a facilitated design session: the team realized it was struggling to solve the wrong problem.

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J.C. Penney's Real Problem: The Shrinking Middle Class

Harvard Business Review

And he, and most of the team he recruited, were commuter leaders, jetting back to California after cramming in marathon work sessions at headquarters. There''s one big reason JCP would never be "Bloomingdale''s for the mass market," as Johnson wanted it to be, and that''s because the mass market is gone.

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How Volvo Reinvented Itself Through Hiring

Harvard Business Review

But when some CEOs in this position look at the people they employ, they discover a problem: a swath of their existing team doesn’t have the necessary skills or metabolism for change to meet the new challenges. Developing what we call an “M&A strategy for talent” is one way to overcome this.