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Post by David Wyld on May 25, 2013 18:56:29 GMT -6
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Post by franklinvazquez on Jun 12, 2013 9:08:38 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
The world is constantly changing, and businesses and individuals need to learn to adjust to these changes in a timely manner. Furthermore, we have to learn from our past experiences. In other words, we have to take past events into consideration for our future plans. First, we don't want to make the same mistakes over and over, so we have to be aware of what we did wrong in the past and avoid doing it again. Second, we want to re-use the formula for success that we have learned; in most cases, we just need to make some tweaks to adapt to the current environment. In summary, firms should always capitalize on their strengths that have been acquired in the past to succeed in the future.
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Post by maryhilse12 on Jun 12, 2013 20:35:52 GMT -6
INSTANT MBA: 'I Want To Be The Dumbest, Poorest, Least Successful Guy In The Room'
Sometimes those that think this way, are the most successful. They have the attitude they want to learn from everyone, so being 'The dumbest, Poorest, Least Successful Guy In the Room' is a good mindset. Learn from all types of genres, those that may have better educational background, work experiences and more money, are sometimes the best teachers. They have lived through the "growing pains" of running a business and can give your real life recommendations. Their experiences can be your gain. Learn from anyone willing to teach you.
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Post by elvia on Jun 13, 2013 11:29:53 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article makes a lot of sense. If you find that your business is struggling, look and see what was done in the past when business was great and take it into consideration. And like the article says, if the method that was used in the past is outdated, you can always take it and tweak it so that it fits your company today. Innovation is indeed the key. If something worked for your business in the past why not use it over and over again? Just continue to make it better so that it works for current and future times.
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Post by elvia on Jun 13, 2013 11:36:03 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article makes a lot of sense. If you find that your business is struggling, look and see what was done in the past when business was great and take it into consideration. And like the article says, if the method that was used in the past is outdated, you can always take it and tweak it so that it fits your company today. Innovation is indeed the key. If something worked for your business in the past why not use it over and over again? Just continue to make it better so that it works for current and future times.
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Post by lakeishabrooks on Jun 13, 2013 16:04:25 GMT -6
INSTANT MBA: 'I Want To Be The Dumbest, Poorest, Least Successful Guy In The Room'
It is important to always re-evaluate your business. Determine those things which have allowed your business to be successful so that you do those things all the time. You also need to decide what has not worked so that you can either change it up to make it work or not use it at all. Keep in mind that those things which have worked should always be brushed up on so that they do not get rusty or so that they do not become things that do not work. You will find that those who run successful business tend to look back often an re-evaluate their businesses so that they can continue to do what works for them.
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Post by jalesianelson on Jun 13, 2013 20:06:37 GMT -6
Instant MBA: Look to your past to figure out what works for you in the future This article makes perfect sense to me. If a company/business is failing, looking back at past solutions would be highly recommended. I feel that most businesses should follow this today and see the outcome. Most companies fail to see that reevaluating what is being done wrong in a different perspective can possibly help the situation. Looking back on previous strategies that enabled the business to prosper is the best thing to do. Not only because it eliminates reaching out to others, but also because there is a better chance of a better outcome. Just because it may be “out-of-date” doesn’t mean that the process won’t work. Revise some things, only if necessary, but try not to deviate too much from the original plan because you may make the situation worse. In any given situation, looking back on how a process was executed and what steps to take towards success should be done FIRST. Although we learn from our past, it’s okay to revisit it, especially when the stakes are high. Absolutely great read!
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Post by neilthompson on Jun 14, 2013 6:36:52 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
While things are continually changing and the solution from the past may not work for today, we can always learn from past experiences. If we look at a past issue and consider the approach that was used to work through that experience, we can often build on the strategy used and build on those strengths to develop a strategy for any issue at hand. Pulling from past experiences to learn what worked well and what needed to be improved will help in the process of working through any new issues.
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Post by leannthompson on Jun 14, 2013 8:38:30 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future The world is constantly changing, and businesses and individuals need to learn to adjust to these changes in a timely manner. Furthermore, we have to learn from our past experiences. In other words, we have to take past events into consideration for our future plans. First, we don't want to make the same mistakes over and over, so we have to be aware of what we did wrong in the past and avoid doing it again. Second, we want to re-use the formula for success that we have learned; in most cases, we just need to make some tweaks to adapt to the current environment. In summary, firms should always capitalize on their strengths that have been acquired in the past to succeed in the future. INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future I totally agree with your points! When the business is struggling look back at what you did in the beginning, since you already know what NOT to do, then apply new technology and resources to make this plan better!
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Post by melissacantrell on Jun 14, 2013 17:47:24 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
I agree that looking into the past and using what historically worked can lead to future prosperity. Often times companies get too far away from their original vision and overtime begin to lose business. If something has previously worked but is outdated it can be modernized to work in today's business world. If this weren't true then we wouldn't need to study history. We do so in order to see what worked in the past and what led to failures. After companies grow and expand it becomes easy to lose sight of the founder's dream. I think it's important to keep sight of your initial vision and only tweak it in order to become more successful.
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Post by scotthunt13 on Jun 15, 2013 18:39:55 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
I've always heard to not dwell on the past but I guess it's okay to do when the future of your company is in jeopardy. Basing future choices on past experiences isn't something I'm a big fan of but in some cases it could be beneficial. In today's world change is imminent, and it's dog eat dog. Changing too much too fast could be a problem though; if this happens then a business needs to look back on what worked before and try to tweak it differently so that it works for you now. The NFL is a good example of this.
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Post by mda1287 on Jun 15, 2013 20:56:34 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This is the same as looking back at your failures and seeing what you have learned from them. This is also trial and error. When you have to figure out what didn't work for you in the past, it is best to see which idea or general plan will work for the future. This is especially correct whenever you are in a situation that can take a turn for the worst and you didn't learn from previous faults.
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Post by jacobthompson on Jun 16, 2013 14:56:54 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Really like this article. Personally, to stabilize my family’s future I had to make a tough decision. In 2007 I decided to stop going to college to pursue my dream of opening a restaurant. We opened in late 2008 and we were extremely successful. In 2011 my son was born. I knew that I could no longer work 80+ hours per week because my wife and child needed me. This got me thinking. For the first time the thought “What if this business were to go under?” flew into my mind. Long story short, I sold the restaurant in 2012 to do the smart thing and get my education. I found the mistake that I made in the past and now I’m doing the right thing.
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Post by harrisonrainwater on Jun 16, 2013 19:56:31 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
If something works for you in the past, follow your own footsteps and build upon what you know works. Anything that is taken from the past obviously can be revamped using present day updates. I also believe that it is good to look at what led to your company prospering during the time of growth and examine the factors that allowed success to be. Look at past successes for guidance and everything that could currently affect a similar business decision to make sure all your ideas match up.
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Post by blaine on Jun 16, 2013 20:27:23 GMT -6
I like the concept of this article. It is important to focus on what has worked previously in your company. Even if what worked before was out dated, you can take bits and pieces of it and modernize it meet your companies needs today. With the advancements in technology, you would probably have to change a few things from the past. This will take collaboration, dedication, and effective leadership to work. With the right ingredients, you can work to make your company great and even better than before.
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