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All Posts Tagged Tag: ‘Business Strategy’

  • What is an Effective Mission Statement?

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    A mission statement identifies the organization’s purpose, values, price, quality, and relationships. But what are the components and advantages?

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  • How Many Business Rules Does a Company Need?

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    The more business rules a company has, the more structure and consistency the company has. Yet too many rules can bog down a company. So how many business rules does a company really need?

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  • Keep an Eye on Your Business Competition

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    The Kmart Corporation once dominated the discount market to the point where few believed that any competitor could shake its grip on the competition. The “blue light special” became an American icon. Kmart put a number of competitors out of business so why should they be worried that business competitors would take any market share or even catching up. Kmart learned the hard way why you should always keep an eye on the market and your competition.

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  • Google to Groupon: If You Can’t Buy ’em, Beat ’em

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    When Google’s $6 billion purchase offer was rejected by the online coupon leader, Groupon, last year, Google decided it will try to beat them at their own game. Groupon was a small start-up with limited resources so how hard can it be for the online technology and search engine giant to overtake them?

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  • A Lesson Learned From Japan’s Recent Tragedy – Invest in Infrastructure

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    In the 1980’s, Japan created policies (aka business rules) and procedures for high-rise building construction. Then tragedy struck. These buildings’ flexible framework swayed but remained standing during one of the largest earthquake in over a century. The business decisions that drove the engineering design saved many lives. Investing in business architecture and infrastructure should not be a lesson learned the hard way.

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