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Post by csummers on Jul 24, 2013 21:28:41 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
I think Ms. Bordo has a good point, insofar as a business owner’s focus needs to be on point, to do one thing, and do it well. If the owner gets too diversified too quickly, resources become sparse, and the business does several things half-way. One point that she does not bring up, though, is that diversification is a good thing, in the right situation. Once a business has a nice market share with a product or service, and efficiency is high, there is nothing wrong with slowly entering into the new market, as long as the main product is watched closely for mishaps and inefficiencies.
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Post by meganbahm91 on Jul 25, 2013 9:51:54 GMT -6
Knowing about your type of business will help your company succeed. Stay on top of your business plan and become a product leader. Stay on top of competitors.
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Post by cmbrogan on Jul 25, 2013 14:00:48 GMT -6
INSTANT MBA: Don't Get Stuck In A Daily Routine
I somewhat have to disagree with this article. I understand the point behind what they are saying, but I find that if you're able to get into a daily routine to do the necessary duties of the day and then be creative with the rest of your time, you're more efficient. Routines force structure and help maintain goals for the day, month, year. I think daily routines are actually a good thing.
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Post by mparrish on Jul 25, 2013 23:28:54 GMT -6
This link is all about core competency. It's important to remain focused on that and stay true to the goal of the business. When a company integrates into more than one area, there should be a specific reason on why the company is doing it. If the new focus does not add value to the current value chain, why would the company shift away from the thing that drives its profits?
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Post by brianbrewer on Jul 26, 2013 19:34:52 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
The theme of this article makes a very accurate statement in relation to staying true to your core goal. In order to be successful, it is important to keep your eyes on the road you are on and not take a "grass is always greener" approach. By looking at many other areas that look promising, you leave your original behind. By investing in too many places, it can definitely spread cause you to spread yourself too thin.
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Post by grober86 on Jul 28, 2013 16:27:11 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
Often business owners lose track of exactly why they went into business and begin adding other mediocre product or services to their business model. "Do one thing perfectly, rather than trying to do four related things in a mediocre fashion. And stay really true to it." That is great advice for anyone starting a business. Always play to your strength and you will be successful.
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Post by ahrield on Jul 29, 2013 9:31:47 GMT -6
She makes a great statement which says stay true to yourself. By doing that you keep your main focus on your one goal instead of browsing off doing little things that don't matter. If you keep your mind on your goal and your team around you has that same mindset you build perfection in one area over time.
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Post by tylerstroble on Jul 29, 2013 11:05:48 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
This article has to do with maintaining your core values as a company. You really want to focus and perform well. It is always better to do one thing very well than do many things just average.
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Post by knight2 on Jul 29, 2013 15:08:28 GMT -6
It is always best to focus on one thing instead of many. Focusing on many things instead of one helps you to work on just one thing at a time to prefect it. These days people want perfection or close to it. If you re leave your mind of all of your distractions you will be able to focus on the bigger picture and work on the tasks at hand.
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Post by amberw on Jul 30, 2013 10:15:24 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
I agree with this article. You are the one that knows what you are good at. You must stay on track with your strengths and stick with them. Keep them growing and your outcome should be great.
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Post by heatherlaurent on Sept 17, 2013 11:44:18 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
It is important to maintain focus when developing and marketing a product. When Steve Jobs left Apple, his successor started to create several lower quality products and the profits began to decline. What happened? They lost focus. When Steve Jobs returned, he wrote 4 items on a whiteboard and said to throw everything else out and just work on these four items. This idea turned Apple into one of the world's most powerful companies. Just like the article title states, "Know what your game is and play it tight". The idea is to "do one thing perfectly, rather than trying to do four related things mediocre".
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Post by brentgruber on Sept 18, 2013 18:06:00 GMT -6
I like this link because it explains that it is okay to not have hundreds of ideas going on all at once. As long as you have that one idea that you are fully enveloped in and are 100% knowledgeable about. It is important to find out what the end game is for your company and to stick to it and give it your all along the way. I feel like the more you stay true to your initial goal/idea the more likely it will be achieved in the future. Instead of trying to have multiple other things going on at all times
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Post by chrmichall on Sept 22, 2013 13:14:27 GMT -6
Instant MBA: Know What Your Game Is, And Play It Tight
This link talks about sticking with the main objective and not straying away from it. If you are to stay focused then it would help your company be a success. Focusing on other projects may cause you to fall behind in your field of expertise. That will hurt your ideas and cause you to fall behind.
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Post by chadraziano504 on Sept 24, 2013 9:41:59 GMT -6
INSTANT MBA: Know What Your Game Is, And Play It Tight
This article has alot of sense to it but i'm not sure if it can relate to all businesses. I agree that you should make a quality product. However, if a business see's room to grow into another market and believes they will succeed and can still maintain a quality first product, I say they go for it and try. If they fail trying to branch off they can always come back and soley focus on the main product they started with.
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Post by Holland Bussell on Sept 28, 2013 20:32:55 GMT -6
This article describes how all companies should be running their business. Knowing what your game is is simply understanding what your strength and weaknesses are. For example in any sporting event you are going to play a in position suited for your attributes. Following that the way you go about competing is by whatever you do best. Focusing on what initially got you stated and continuously improving it is what will get you ahead.
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