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Kill Your Business Model Before It Kills You

Harvard Business Review

Similarly, Intuit realized over a decade ago that it could not continue to grow as simply a financial software firm and began to consciously create, acquire, and incubate new businesses. Markets, environments, and technology can change so quickly that no amount of profit today guarantees success tomorrow.

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Kill Your Business Model Before It Kills You

Harvard Business Review

Similarly, Intuit realized over a decade ago that it could not continue to grow as simply a financial software firm and began to consciously create, acquire, and incubate new businesses. Markets, environments, and technology can change so quickly that no amount of profit today guarantees success tomorrow.

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3 Things Driving Entrepreneurial Growth in Africa

Harvard Business Review

Another reason is that investors are myopically infatuated with snazzy technology. And across 11 countries Azuri Technologies provides lighting to villagers not connected to the grid by offering solar panels on micropayment plans through a mobile money service. A realistic approach to making money might strike some as humdrum.

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3 Ways to Get Your Own Digital Platform

Harvard Business Review

However, this may have been a hedging strategy as Starbucks built up its own digital capability, including a popular app and payment system. Many big organizations even help incubate startups in their industry. For most established players, the technology and skill gaps are intimidating, and it take years of effort to close them.

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Six Strategy Insights RIM's New CEO Can Use

Harvard Business Review

Trend lines, market sizing, and competitive benchmarks that served companies well during periods of gradual market evolution do little good in industries where new technologies create seismic shifts, demand is uncertain, and rivals emerge from left field. Conceiving smart options Turbulent environments are characterized by uncertainty.

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Parting Ways with Public Trading

Harvard Business Review

In the early stages, incubation and launch, historically venture capitalists and angels (in addition to the "friends, families and fools" beloved of the entrepreneurship literature) have provided seed funds for organizations to develop an idea. The venture capital industry has now become fairly large and robust.