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Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. At some level of function, availability, and price performance, customers jump ship away from you.
Both ends of this spectrum fail to bring long-term satisfaction or success. I remember a classic book, “ The Purpose Effect ,” by renowned author Dan Pontefract, that provides a good framework and background or doing just that. Delight and deliver value to your customers. Without customers, there is no business.
Others are really marketers out to make money fast, and believe that they can entice customers to any offering. His framework seems to be picking up some traction, and is already in use informally by several entrepreneurship platforms, universities, and even high school programs. External forces (competitors and customers).
But we all know that these are not solutions by themselves, but require integration into an innovative framework to solve real customer problems. Here are some keys to that mindset that I have seen working for successful entrepreneurs: Think customer-centric rather than technology-centric. Be forever curious and optimistic.
For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. That means identifying the few most important roles you play in the startup right now, giving a framework for balance, motivation, and fulfillment. That’s productivity. Why is this so hard?
Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. At some level of function, availability, and price performance, customers jump ship away from you.
Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. At some level of function, availability, and price performance, customers jump ship away from you.
Porter proposed his Five Forces framework for analyzing the competitive environment which I think makes even more sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. At some level of function, availability, and price performance, customers jump ship away from you.
Both ends of this spectrum fail to bring long-term satisfaction or success. I remember a classic book, “ The Purpose Effect ,” by renowned author Dan Pontefract, that provides a good framework and background or doing just that. Delight and deliver value to your customers. Without customers, there is no business.
For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. That means identifying the few most important roles you play in the startup right now, giving a framework for balance, motivation, and fulfillment. That’s productivity. Why is this so hard?
Porter proposed a Five Forces framework for analyzing the competitive environment which I think still makes a lot of sense today. You are never the only alternative, hopefully just the best, in price, utility, and satisfaction. At some level of function, availability, and price performance, customers jump ship away from you.
Both ends of this spectrum fail to bring long-term satisfaction or success. I just finished a new book, “ The Purpose Effect ,” by renowned author Dan Pontefract, that provides a good framework and background or doing just that. Delight and deliver value to your customers. Without customers, there is no business.
For survival, entrepreneurs need to be all about accomplishing results that matter for themselves, their team, and their customers. That means identifying the few most important roles you play in the startup right now, giving a framework for balance, motivation, and fulfillment. That’s productivity. Why is this so hard?
On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.
Others are really marketers out to make money fast, and believe that they can entice customers to any offering. His framework seems to be picking up some traction, and is already in use informally by several entrepreneurship platforms, including StartupAmerica , and CoFoundersLab. External forces (competitors and customers).
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