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The hedgehog was engaged in a fight with

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Branding,Business Plans,Entrepreneurship,Inspirational,Personal development,Uncategorized

MOST ENTREPRENEURS DON’T PLAN TO FAIL, THEY FAIL TO PLAN

I periodically read research reports about business failures. I always find them interesting, although often they are depressing. Such as what I recently read. Which was research from Bradley University in Peoria, IL. This research found that 70% to 80% of new businesses fail within their first year. And while this was frustrating enough to read, the research further stated that half of those companies which do survive the first year will fail within the next four years. Now, let's turn to the cause of this failure. According to Dun & Bradstreet, the number one cause of this failure is...
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Business process improvement

Total Quality Management. Six Sigma. Eight Omega. ISO 9000. CMMI. BPMM. SCOR. The number of process improvement frameworks out there is staggering. Where does one begin? What should we believe? Is there a right way and a wrong way? To be sure, we should make a distinction between a framework and a methodology. While a framework provides a foundation typically designed to promote a standard operational architecture, a competitive advantage may only be derived by applying an improvement methodology that aims to distinguish one company’s processes from another. Why improve in the first place? There’s typically a contingent of folks...