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Post by boris on Sept 15, 2013 17:28:39 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
In this fast paced market, a company needs to be able to keep up and put out new and improved ideas. As the article says when the company is in tough times, it is good to analyze what has worked before and if something has worked really well in the past, the company should try to use the same old tricks but add a spin to it and make it more up to date. Looking at the past will not only help you improve great ideas that have worked before, but also you can go back and look and what you did wrong and try to not repeat the same mistakes again.
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Post by banessau on Sept 16, 2013 16:18:46 GMT -6
Look To Your Past To Figure Out What Works For You In The Future
I think this is a very important key factor for many companies or just in general. Sometimes we may get carried away and get off track, for that reason we have our history to fall back on. With the previous records on how situations were handled, it can be very helpful. Not only that, but if after trial and trial of trying to make something, one is able to look back on information and data that they have to improve and enhance an idea or product.
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Post by ernestmajoue on Sept 16, 2013 18:44:19 GMT -6
Alex Yoder makes a good point in this article. He said when his business was not doing well, he looked to the past to see the businesses good times and what made the business great in these times. Every business at one point should review their history and see if they are still on the same path from creation. Reviewing your history can help you forecast your future and prepare your company for good or bad times. I think being involved in your businesses history is important for the future of your company.
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Post by beccabourgeois on Sept 16, 2013 19:45:27 GMT -6
When a business is struggling and cannot figure out what to do, the best thing is to look at their past. They obviously did something right once before, back when they first got started that made them successful. They need to re-evaluate those past ideas and concepts and try reapplying them to today's struggles. Change is constantly going on and things from the past might not be the same as they once were, but it will never hurt to try. Just like the article says, "Even if the past method is out of date, you can take the winning concept and spin it to fit your company today."
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Post by zekesonnier on Sept 16, 2013 20:35:32 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Alex made an interesting point of view about learning from the past's success to be innovative for future objective in one's business. I would like to know more about what he would look at in the past to use in the future. He did mention about changing their corporate culture and vision by continually repeating the vision from the top down. That's a good point because the vision may have diminished by the time it got to the lower level of the company.
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Post by kathrynprieto on Sept 17, 2013 10:25:04 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
After a business has been successful for a while, it is probably tempting to change things up and start a new path for yourself. This is a great idea, but if that path ends up taking you to a problematic situation, this article's advice is spot on. Look back on your successes, find out what worked, and find a way to implement those processes/ideas in ways that can further your success even more. It is probably easy to lose touch with your roots, but they got you to where you are for a reason and it's important never to forget that. Focusing on your "historical strengths" is also a great way to stay trustworthy as a company. Your key customers who have been with you from the beginning gave you their loyalty for a reason.
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Post by billyg on Sept 18, 2013 14:30:05 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
When attempting to find success in your companies future, a good idea might be to look at the success in the past. Companies make business changing decision often and sometimes those decision can lead to failure or less success. When this occurs, it might be because something was done better in the past. A business should then find what lead to past success and instead of changing that part, revert back to that but also make changes to other things. The important things is to never forget why you were successful in the first place. Yoder's company focused on their past strengths and modified to be effective in the future. When I find a way to do something well,I never forget it. I will however, have to tweak my method for success to each situation, but I will always resort to the original method for guidance. This guideline is one which will be followed for all things in my future.
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Post by ashleylevernharrison on Sept 18, 2013 22:28:20 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
While it is very important to look to your past for things that your company exceled in and incorporate this into your business today, you must also be careful not to make the same mistakes that were made in the past also. Additionally, some of the ideas and practices that worked for your company in the past may not work in today's fast-paced world. Things are constantly changing and companies must adapt to these changes. A business is not like fashion, where trends repeat themselves over and over again. There is more technology out there than ever before and this is changing the way people do business.
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Post by blaircavalier on Sept 19, 2013 8:34:19 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Throughout school and life innovation has always been that word that continues to pop up. Its importance is forever growing. Most companies would not be able to continue to be successful without innovation. This article is a good one in relation to innovation. With times changing, companies must continue to keep up with new trends. This doesn't mean they have to completely change everything, but they will need to make improvements. To make these improvements to keep business up, they must have innovation. In today's society, there is nothing wrong with still using old techniques, as long as these ways are updated. Innovation is all around us and in everything we do. As long as a company has innovation they will be able to keep up with everything taking place
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Post by wparker on Sept 19, 2013 12:35:47 GMT -6
"Look to your past to figure out what works for you in the future"
Past successes can be duplicated. If your company is having troubling times, it is a good idea to replicate past ideas or concepts in order to pick your company back up. You could even redesign a successful past product. As the article says, using a past method may be considered outdated, but it's not necessarily a bad thing. It could show to your customers that you're going back to the old ways of doing things. You may even bring back some old customers because of the change.
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Post by leetaranto on Sept 19, 2013 18:24:03 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
You have to look in your pass in order to do better in your future by learning from your mistakes. If you never question yourself and look around your environment you will never notice the change. One can learn that you have to always be adapting to what you have to do in order to be successfull. Without being conscience of your future will not get you anywhere but also have to not worry about the things that one does in order to be what they want to be. There is always someone worrying about the future by going through their past and making their environment they are in what they do and focus on.
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Post by dipanjali1 on Sept 21, 2013 21:29:45 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article talks about how we can use our past experiences to make future decisions. It is vital for us to realize that whatever happened in the past gives us valuable experience. We can use that past experience to figure out what technique or method works the best and what not. The article also specifies how we can collaborate past experiences and new ideas to come up with full fledged idea that works best in the present context.
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Post by cory on Sept 23, 2013 11:16:15 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article makes an excellent point. Managers should learn from the past and use those lessons to help the business in the future. If a business is struggling, go back to when it wasn't and analyze the strategies that were implemented to help support the success. If you take those strategies and adapt it to the modern business environment, then it should help your business in the present day and future. Always be innovative to either correct mistakes being made or continue the successes that your business is experiencing. Don't allow your strategies to become stale, but adapt to changes and you will not have to create any major changes to correct a failing business.
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Post by brittanyfury on Sept 25, 2013 14:42:35 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
This article is giving advice on how to make your business prosper when in tough times. Yoder recommends that you use past concepts and procedures that have proven effective. Tweaking the methods to accomodate your business is acceptable and wise. Learning from mistakes and embracing your past successes is key in the business world. If all else fails, maybe changing the direction of your business is the answer.
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Post by jessicareid on Sept 26, 2013 9:45:47 GMT -6
INSTANT MBA: Look To Your Past To Figure Out What Works For You In The Future
Mr. Alex Yoder offers the advice of looking to past solutions in order to develop more effective future solutions. However, in doing research on Webtrends, the company Yoder claims to be CEO of, I found Webtrends lists a man named David Mitchell as CEO. So the question is, if he's been overturned, and so quickly that he still appears on Business Insider articles as CEO of this firm, what has he done to deserve that, and with that information, why should we listen to his advice? I definitely can see the merits in re-working proven strategies to fit a new environment, though, innovation and creativity seem to be far nobler aspirations to follow.
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