Fellow
|
Company
|
Key Learnings
|
| XXX |
XXX |
- Engineering and marketing usually have
different perspectives on which strategy is best to move forward with
|
| XXX |
XXX |
- Spend time in front of your customers,
even if they are not immediately interested in purchasing your product
- Be careful of "heads down"
implementation. You might miss what is going on around you
|
| XXX |
XXX |
- Having many investors can lead to none
of them taking an active role in your company
- Don't be greedy. Had XXX decided to get funding earlier, it would have been fine.
- A board should not consist of only
inside players. Outside perspective is necessary.
|
| XXX |
XXX |
- Be careful about how often you change
your business model
- Communication should not always be just
top-down
|
| XXX |
XXX |
- When the job market's tough, look
elsewhere
- When you split a company between two
locations, close attention needs to be paid to communication between
the centers
|
| XXX |
XXX |
- Organizations can range from pure
business units to purely functional, with much flexibility in between
- Organization and strategy must be
closely aligned
|
| XXX |
XXX |
- Technology-driven companies and
market-driven companies must approach strategy in a very different
manner
- Technology-driven companies must
effectively find a problem that their solution solves
- Clearly communicate company intentions
at outset
|
| XXX |
XXX |
- The best way to solve conflicts is
through consensus with qualification.
- Conflicts can often be solved by
creating common goals and vision
|
| XXX |
XXX |
- Investors are more than their
money. You need to know that they will be around in the future
when you need their strategic help and support.
- The dot-com craze is officially
over. Businesses, once again, need to eventually become
profitable.
|
| XXX |
XXX |
- Business Development is persistence,
sweat, and making the deal
|
| XXX |
XXX |
- Doing business by the idea of the AND is
more effective than by the idea of the OR
|
| XXX |
XXX |
- The challenge in a good merger is making
everyone feel valued (not acquired) and promoting effective
communication on all levels of the organization
|