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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Selling a business can be challenging. After all, you have likely worked many years to get it where it is today. Consider all the times you skipped vacation to meet customer demand or the sacrifices… How Can Business Owners Assess the Market and Determine if It’s a Good Time to Sell?
Traditional Startups demand that the entrepreneurs formulate a comprehensive 5-year Business Plan. The approach that traditional startups typically adopt is a linear, effort-intensive, and costly process that necessitates in-depth reflection, planning, and execution with minimal… Lean Startup Methodology
Service represents an intricate, multi-tiered procedure encompassing numerous individuals and technologies that collaborate harmoniously or encounter issues. In order to foster Innovation and enhance Customer Satisfaction, visualizing every step and participant, from customers to third-party… Service Blueprint
Companies often look at external threats to their assets. However, data breaches sometimes occur from the inside. For example, a disgruntled former employee gains access to sensitive files. A dishonest current worker chooses to use… What Measures Should Businesses Take to Prevent Insider Data Breaches?
Organizations undergo different phases of development. Some reach maturity and then decline over time, whereas others just fade away in the startup phase. A few businesses, however, evade collapse and maintain growth for years. They… McKinsey’s Three Horizons of Growth
Model-Based Systems Engineering (MBSE) is a formalized methodology that uses digital models to support the entire lifecycle of complex system development. It provides a single source of truth, ensuring discipline-specific views of the system are… Model-Based Systems Engineering (MBSE)
The Open Group Architecture Framework or TOGAF is a comprehensive guide to enterprise architecture, offering a structured methodology for designing, planning, implementing, and governing architectures that align with organizational goals and technology landscapes. The TOGAF… TOGAF – The Open Group Architecture Framework
Competing in this cutthroat environment demands unique strategies. After identifying a customer group, organizations have to decide which of them they should target and how. There is a need to ascertain the full range of… Jobs-to-Be-Done (JTBD) Growth Strategy Matrix
Service development is a crucial element of business success. It is a process that companies use to refine and expand their offerings to meet customers’ changing needs. Businesses that use this approach to enhance their… What Is ChatGPT’s Influence on Service Development Strategies?
In today’s business environment, there are many startups that have not yet reached the level of being fully established companies. This situation can be attributed to various factors, including ideas that do not gain traction,… Customer Development Model (CDM)
Most Innovation efforts fail because of a lack of understanding of customers’ needs. The enormous amount of data available today should have made it easy for organizations to capture what customers hope to achieve. However,… Jobs-to-Be-Done (JTBD) Theory
Leadership skills are the most important attribute for someone starting out in an entry-level career or seeking to advance the job ladder. Competent and able leadership is at the core of every successful business. Leaders… The SCARF Model