Sat.May 20, 2017 - Fri.May 26, 2017

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Why You Shouldn’t Be Fooled by Your Own Expertise

Both Sides of the Table

I am wired to discount people who have total assuredness in their point-of-view, have dogmatic positions or use data as a crutch or substitute for logic. I appreciate people who have strong opinions or conviction but expect them to constantly be testing their opinions and refining their approaches as they encounter new people, facts or logic. I have long believed that humans (myself included) err on the side of over-confidence in their own abilities and thoughts.

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Business Ramifications of Legalized Marijuana: Trouble or Growth Opportunity?

Entrepreneurs' Organization

By Renita Wolf , a Colorado-based financial executive and author. Though it seems unfathomable to the “Just Say No” generation, marijuana is legal, decriminalized or has medical status in 45 of our 50 United States. While the District of Columbia and states including Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon and Washington have legalized the drug within their borders, it remains illegal under federal law.

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The Unbundling of Excel

Tomasz Tunguz

In January 2010, Andrew Parker wrote a post called the Spawn of Craigslist. Andrew identified companies that had built businesses by unbundling Craigslist. The vacation rentals link gave rise to AirBnB and HomeAway. Etsy dominated the arts and crafts for sale. This same unbundling is occurring to Excel. Microsoft Office has more than 1 billion users globally.

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Winning in Fintech & Insurtech Ecosystem?—?Big Win for Technology Innovators & Crunch-time for “Reach Focused” Players

Thomas Grota

As promised I deliver an update to my post from last year on Fintech & Insurtech Ecosystem (post.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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Here’s the test: Can you create 5 strategies and 5 tactics to achieve your goal?

Berkonomics

In past weeks, we explored the need for a tangible goal and strategies that are measurable as steps toward achievement of your goal. Today, we explore how to create tactics to accompany each strategy, and even suggest a number of tactics to consider for each strategy. Tactics support strategies and are more short term and procedural than the strategies they support.

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Bias Against Creativity

Tomasz Tunguz

In Bias Against Creativity , a team of researchers at Cornell discuss the bias against creativity they revealed in their study. Originally published in 2010, the article resurfaced yesterday on Hacker News. It raises the question of how to evaluate creative ideas and how to engender internal incentives to support creativity. From the Cornell paper: People often reject creative ideas even when espousing creativity as a desired goal.

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Startup Best Practices 26 - Choosing Your Startup's Competitive Strategy

Tomasz Tunguz

When I was taught Michael Porter’s value chain analysis , I learned to analyze at the industry level. A beer supplier sells to wholesaler sells to distributor sales to retailers sells to customer. But as I went back last night and reread Porter’s Competitive Strategy, I was surprised to learn that Porter’s intended value chain analysis to be used also at the business unit and at the company level.

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Marketing Is Fluid. Embrace the Changes.

Entrepreneurs' Organization

How your marketing shifts as your business grows. By Payman Taei, founder of Visme and HindSite Interactive. Regardless of the type of business you’ve decided to start or the industry you happen to be operating in, much of your success will come down less to any one major decision and more to those smaller but meaningful ones. This is why your priority at any given time is never “Begin a successful business.” Rather, your goals involve carefully navigating the different phase