To succeed in business

Success in business is really not that complicated. That can be read in In business – there are only three requirements .

You need three things, clear and unambiguous, no less, no more and in exactly this order.

  1. A Strategy. As Michael Porter conveys it: “What value are you to deliver to what customers and how are you going to be different?”
  2. A Business Model. As in “and how are you going to use your resources to deliver that value and how are you going to keep some of the value yourself?”
  3. A Way to Execute.

After giving examples how it works you will understand the sequence,

1. “What value am I going to deliver to what customers and how am I going to be different?”

2. “How to use my resources to deliver that value and keep some of it for myself?”

3. “Train and support the people accordingly, then get out of the way”.

I also believe that doing things in a simple way can be the best way to success.


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