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Donald Mitchell is chairman of Mitchell and Company, a strategy and financial consulting firm in Weston, MA. He is coauthor of six books including The 2,000 Percent Squared Solution.
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![]() Before Your Market Becomes Unattractive, Take Your Assets and GoSometimes markets decline and just get worse. This article looks at how to respond when that happens by taking your capital and moving to a better market, much as a venture capitalist would. ![]() Dig in Your Sandbox -- Your Industry is Full of Excellent Opportunities Everyone Has OverlookedCompanies want to grow faster and always imagine that areas they haven't explored are full of better opportunities than where they are. The truth is usually the opposite. This article explores the missing opportunities at toymaker Hasbro. ![]() Genetifcally Engineer New Hybrid Business Models That Deliver More Stakeholder BenefitsUsing genetic engineering, scientists can take qualities of a weed for hardiness and transfer those strengths into a food crop. In the same way, you can genetically engineer your business model by adding on all of the attractive qualities of complementary business models. If you combine enough business models, you'll have an amazing advantage that will deliver myriads of benefits to large numbers of people. ![]() Increase Profits and Growth by Adding Knowledge for Your StakeholdersMost strategies call for being smart, efficient, and effective. Expand the timeline for delivering those qualities, and you see that improving the knowledge and opportunities of stakeholders is critical to long-term success. This article looks at examples of how this principle has been applied. ![]() Check on Your Strategy, or be Chucked Out by CustomersCompanies won't succeed during a downturn by simply spending less with the old strategy: They need to shift to a better strategy. Here are questions to make that transition easier and more successful. ![]() Cast Your Bread on New Waters to Create More BenefitsBusiness models can be adjusted to provide new types of benefits to more stakeholders. In the process, the value of the business model expands and social benefit, as well as organizational success, increases. ![]() Avoid the Wrong Leadership and Sprint to Business VictoryWhat are the ways that you as a leader can ensure or destroy business success? You probably don't realize that most things you do don't make a difference. In this article, you will find some common self-sabotage problems that leaders bring on themselves and how you can avoid those mistakes. ![]() The Many Advantages of Maximizing Natural Business GrowthGrowth can occur naturally . . . or it can be forced by using bad methods. This article suggests abandoning the forced methods that have led to the current global recession in favor of using natural growth opportunities to succeed. ![]() To Gain an Audience, Write About What Others Have WrittenDo you have a message for the masses? Try writing book reviews on similar subjects as a way to get your point across. You'll reach many more people that way with less effort. ![]() A First-aid Kit for Fixing Your Broken Business Model Innovation ProcessBusiness model innovation is task one for success in the 21st century. Yet most organizations have a broken process for doing such innovation. This article provides questions that can quickly fix your broken business model innovation process.
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