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Post by briandavis1 on Jul 22, 2013 20:18:59 GMT -6
INSTANT MBA: 'I Want To Be The Dumbest, Poorest, Least Successful Guy In The Room'
Business should always take time to evaluate themselves. Evaluating your structure and point out weakness and threats to yourself. If your company finds itself in a struggle, you need to evaluate and execute a plan on fixing the problem to remain strong and effective. If you changed things and the "NEW" are not working revert to the past and understand what made it work so you can apply that to the "new".
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Post by csummers on Jul 23, 2013 0:05:08 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
There is a reason why a business succeeds. When times are tough, and revenues are hard to come by, or employee turnover is at a high level, businesses should look to their past practices to get inspiration for change due to unsuccessful initiatives or to show that company policy has worked in other economic situations. The practices may not be viable in today’s economic climate, but they will allow for the knowledge leaders to update these past positives and innovate new policies and processes into current and future profit. Also, personnel problems can be alleviated by upheaval of current procedures and using the past ideas that worked to create similar programs for today’s workforce.
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Post by meganbahm91 on Jul 25, 2013 9:38:37 GMT -6
Not all products work for companies. Companies must experiment and learn from its past. Looking from the past will allow companies to come up with more creative ways and develop a new way to introduce products that consumers will like.
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Post by cmbrogan on Jul 25, 2013 11:43:01 GMT -6
INSTANT MBA: 'I Want To Be The Dumbest, Poorest, Least Successful Guy In The Room'
I wouldn't exactly put it in these words, but I understand and agree with what is being said. For example, I have worked at my current job for six years. I have helped grow the company. However, I am just now about to graduate with my degree in Human Resources so I know that I do not know half of what I need to know to carry the Human Resources department at our company. So, I asked for an HR manager. I did this because I want to have someone that I can learn from. She hasn't started yet, but I am very excited to work with her so I can learn and better myself.
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Post by ahrield on Jul 25, 2013 18:51:58 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
I agree completely with this article. Taking ideas from the past and flipping them to fit their company's need is genius! If more companies thought like this we would see different businesses everywhere
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Post by mparrish on Jul 25, 2013 22:26:46 GMT -6
I'm not sure I agree with this link of the day. You can't have innovation by looking into the past. the past accomplishments of your firm are really insubstantial to the future evolution you envision. If this link was true, the vast majority of businesses would just keep doing what they have done in the past and never innovate. Innovation is forward looking, history does not play a significant role (other than what NOT to do) in most cases.
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Post by brianbrewer on Jul 26, 2013 16:22:08 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article brings historical concepts into the light. When no new ideas are coming to the table, it can be very effective to look at concepts that have worked in the past and use these ideas to push growth and new innovations. Sometimes the overall goal of a company can get away from the original vision that was created. With this in mind, it can be best to go back the basics and evaluate what past ideas can work now.
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Post by grober86 on Jul 28, 2013 14:50:10 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Innovation is key to making past strengths work for current and future times and changing the direction of your business. Yesterday is outdated however you should build upon you success to figure out the best course in the future. We want to re-use the formula for success and maybe make a few tweaks here there. Capitalize on the success and make failures into something that won't the next time.
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Post by tylerstroble on Jul 29, 2013 3:32:29 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Sometimes you have to get back to basics. Go back to what you do best. A lot of times, businesses can stretch themselves so thin across multiple product lines that the quality suffers. It's better two or three things very well than to do seven or eight things just okay.
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Post by dmholstein on Jul 29, 2013 10:35:25 GMT -6
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 robertnicholson on Jul 29, 2013 11:33:24 GMT -6
This seems to make sense. Currently a lot of companies are trying to completely re-invent themselves in order to survive. Why because other companies did it and did it successfully. So as usual everyone else is going to try it. At this point it would be original not to completely restructure your company and instead try to focus on your strengths and weaknesses.
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Post by amberw on Jul 30, 2013 9:26:27 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
You don't want to keep bringing up the past in most events but it is okay to learn from your past mistakes and bring that to the future. Learning from your mistakes makes things never become failures because you are constantly learning from mistakes. Somethings from your past might even be things that teach you to do everything in the future.
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Post by tdodge21 on Jul 30, 2013 10:50:17 GMT -6
This article truly makes sense in the fact that if something is not broken then don’t fix it to an extent. In looking at the successes of businesses from the past may be relevant to you in the future with some change. Taking a look at what a company did well can cause a business owner to take that and mold it in a new way to coincide with today’s marketplace which can cause a great success out of an old one. A successful business should indeed take a step back and see what it was that they did ten years ago that may have led them to a peak and revamp it to fit today.
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Post by heatherlaurent on Sept 2, 2013 13:32:14 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Figuring out what works best takes trial and error. There is a good change you will fail more times then succeed. Learning from your strengths and mistakes is one of the keys to life. WebTrends realizes this and "focuses on strengths historically and build on those in innovative new ways". By looking back, finding out what worked, then evolving the products or concepts into how it will work today, practically defines innovation. Everyone wants to newest and latest thing. If you have something that works, don't just throw it away, evolve it.
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Post by sbardwell on Sept 7, 2013 16:05:10 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article suggests looking into your past performance to see what has worked before in order to grow your business in the future. This goes against everything we have been advised to do. However, Alex Yoder, CEO of Webtrends puts a new spin on change. He states, “Even if the past method is out of date, you can take the winning concept and spin it to fit your company today.” This can be a helpful strategy to some businesses and this method should not be ruled out. Young businesses may not have an opportunity to look back into their own past, but it could be an option to look into the past of a business similar to their own in order to find growth strategies. Again, it is a smart business practice to be open to ideas and be willing to adapt them to your own personal business and style.
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