As early stage investors, we often ask entrepre-neurs to get on with the task rather than languishing for long hours in fine tuning a business plan or perfecting the business powerpoint presentation. This is not to chide or belittle the importance of a robust business plan but to focus on execution and more importantly find the crucible of issues where one may need to learn or to pivot. The word ‘pivot’ is a relatively new ‘jargon’, and it simply means to reorient focus and change the core business fundamentals and objectives that an entrepreneur begins with. It is of high imperative because of all the winds of change – technology, business outlook, reach, new products etc. It is also because today’s business can be deciphered better using first principles rather than formula driven approaches. We are not often presented a cosmic menu of business directions but the need to rewrite the original plans we began with.
Data, diligent analysis and a prescient business framework for thinking and thinking through options provide a helpful structure for planning. All these need an open mind and the ability to learn. Learnability is often underrated or taken as granted – ‘of course the ability to learn and change is important’, but we do not see as a strategic advantage. This is relevant equally for professionals as much as for organisations. We often rely completely on existing data. While it is important, there are often trajectories which are new, and you will not always find numbers which will help us conjure the story. Imagination is equally important. Imagination is not dreaming our new contexts but learning from trends and questioning the direction which we often take. C.S Lewis famously said – Imagination is the organ of meaning!
Denne historien er fra January - February 2020-utgaven av UNIQUE TIMES.
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Denne historien er fra January - February 2020-utgaven av UNIQUE TIMES.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Bhutan: The Enchanting Jewel Of The Himalayas
Majestic snow-capped mountains, picturesque valleys, verdant forests, centuries-old Buddhist shrines and monasteries, fluttering prayer flags, a serene way of life and folks boasting the best happiness index in the world...this Land of the Thunder Dragon has much more to entice those with wanderlust.
Bail - Emerging Trends In The Context Of Money Laundering Laws
The Hon'ble Supreme Court in case of Manish Sisodia Vs Directorate of Enforcement 2024 SCC Online 1920 has upheld certain key propositions that where a trial has not merely been delayed but has not even commenced after a long period of incarceration, the same would be violative of Article 21 of the Constitution of India.
Toyota, Maruti Suzuki Boost Hybrid Vehicle Sales in Uttar Pradesh Amid Tax Waivers, Spark Industry Debate
Toyota and Maruti Suzuki are ramping up marketing efforts for hybrid vehicles in Uttar Pradesh, leveraging new state tax waivers that offer buyers savings of up to $15,800 on luxury models like the Toyota Vellfire.
Supreme Court Rejects AAP Government's Plea to Expand NRI Quota in Punjab Medical Colleges
The Supreme Court rejected the AAP-led Punjab government's plea challenging the High Court's ruling against expanding the ‘NRI quota’ to include distant relatives for medical and dental college admissions.
USA's Delaware Supreme Court Confirms Byju's Default on $1.2-Billion Loan Amidst Ongoing Insolvency Proceedings
The Delaware Supreme Court has upheld a ruling that edtech firm Byju's defaulted on a $1.2 billion Term Loan B (TLB), validating claims made by US-based lenders.
India Approves Rs 3,300 Cr Semiconductor Packaging Plant in Gujarat, to Boost Chip Production
The Union Cabinet has approved a Rs 3,300 crore proposal from electronics manufacturer Kaynes to establish a semiconductor packaging plant in Sanand, Gujarat.
Thar Roxx: Your Perfect Off-Road Companion
To say that Mahindra knows the Indian customer really well, will be an understatement. Their biggest hits have come in various forms over the years, from the XUV500 to the XUV700 and the Scorpio N in recent times.
Exfoliate Your Way to Flawless Skin
Imagine waking up to smooth, glowing skin every day—skin that feels soft to the touch and looks naturally radiant without the need for heavy makeup or filters.
The Stinking Rose: Flavourful and Full of Health
Garlic, the humble bulb with a pungent aroma and a rich history dating back thousands of years, has earned a reputation not only in culinary delights but also as a powerhouse of health benefits.
Never give up!
In the earlier stage of your life, it was someone else who might have been gravely instrumental in shaping your viewpoints. Hence, it is supremely important to re-evaluate what you believe in, when you become an adult.