- An alcohol-free beer company is facing plummeting sales after ridicule from a famous comedian. The company needs to choose options to address this problem.
- Decision making involves selecting a course of action from multiple alternatives. It can be done rationally using methods like cost-benefit analysis or intuitively based on gut feeling.
- Rational decision making frameworks involve defining criteria, evaluating alternatives based on how well they meet criteria, and using methods like weighted sums to score and compare options. This allows bolstering cases but does not work well in uncertain or turbulent environments.
This document outlines the details of a business plan competition between international business schools. It explains that students will form teams to develop business plans and pitches that will be evaluated in national and international competitions. Key details include forming teams by today, developing plans with coaching support over the next few months, a national selection round in April, and finals at a congress in May. The roles of the coaches and expert jury members are defined, as well as rules around support hours and scheduling. The goals are to gain experience developing plans and pitches while having fun competing against other schools.
- An alcohol-free beer company is facing plummeting sales after ridicule from a famous comedian. The company needs to choose options to address this problem.
- Decision making involves selecting a course of action from multiple alternatives. It can be done rationally using methods like cost-benefit analysis or intuitively based on gut feeling.
- Rational decision making frameworks involve defining criteria, evaluating alternatives based on how well they meet criteria, and using methods like weighted sums to score and compare options. This allows bolstering cases but does not work well in uncertain or turbulent environments.
This document outlines the details of a business plan competition between international business schools. It explains that students will form teams to develop business plans and pitches that will be evaluated in national and international competitions. Key details include forming teams by today, developing plans with coaching support over the next few months, a national selection round in April, and finals at a congress in May. The roles of the coaches and expert jury members are defined, as well as rules around support hours and scheduling. The goals are to gain experience developing plans and pitches while having fun competing against other schools.
The document discusses the principles of effectuation, which are: non-predictive control, "bird in hand", "crazy quilt", and "lemonade". It also discusses applying the process of effectuation by focusing on contingencies, changing means based on new information and events, and leveraging surprises to find new opportunities. The key is to work with inputs within your control by forming partnerships and changing goals based on circumstances rather than assuming outcomes are predictable or within your control.
The document discusses communities versus platforms and social objects for sharing. It notes that sharing, not searching, is the most important word on the internet as sharing is the driver and DNA. Social objects are used to share ourselves with others as primates like to groom each other. It also lists 5 lessons from Red Bull, including being where people are, creating rather than sponsoring events, being a social fabric, selling community over products, and creating legacies rather than advertising.
briefing Innovation Compass (by Guy Bauwen)Ernst Phaff
This document summarizes a presentation on developing successful businesses through innovation. It discusses key aspects of innovation such as ideation, new product development, commercialization challenges, and common reasons why most new ventures fail. It also outlines market development models and "diamonds of success" including sensing opportunities, monitoring progress, scaling capabilities, and maintaining strategic focus. The overall focus is on providing frameworks to help innovators and entrepreneurs overcome challenges and achieve desired outcomes in bringing innovations to market.
The document provides an introduction to the concept of effectuation and compares it to causality. It discusses key principles of effectuation including means-based reasoning, affordable loss, leveraging contingencies, and forming partnerships. Examples are given of how effectual thinking differs from predictive planning. Readers are asked to consider how they have used effectual or causal logic in past situations. The final sections provide an overview of the course, including expectations that students will apply effectual processes in scenarios where planning is not possible.
This document provides instructions for an upcoming student assignment. It discusses:
1. Part of the student's grade will be based on writing a critique on a topic of their choosing related to business strategies or news.
2. When writing their critique, the instructor will evaluate the student's understanding of what is happening, the strategic intent of the company, and their educated opinion on the chosen strategy.
3. Examples of potential topics for the critique are provided, such as new business models, company reactions to accidents, or business strategy changes.
The document discusses developing and refining a business model canvas. It addresses traditional questions about customers, value propositions, and revenue streams. It also covers iterating the model based on customer insights, developing a value proposition through concepting and differentiation, and positioning a product using analogies and reference points. The document provides examples of crafting positioning statements and discusses competition analysis.
The document provides instructions for an assignment on writing a critique. Students are asked to:
1. Start thinking about a topic for their critique, such as news events, business strategies, or company restarts.
2. The critique will be graded based on demonstrating an understanding of what is happening, the strategic intent of organizations, and an educated opinion on chosen strategies.
3. Students should consolidate insights from the session into potential pains/gains to address and how a value proposition could work, and choose a subject for their critique to check with the instructor next time.
This document provides an introduction and outline for a course on understanding business problems and developing solutions. The goals are to make sense of business problems, understand how businesses work, and learn tools for analyzing issues, developing options, and deciding on the best course of action. Key topics will include the nature of problems, the business model canvas, innovation, customer perspectives, and putting together an operational business model. Students will apply these concepts through assignments analyzing real businesses and developing solutions.
The document discusses the importance of understanding customers and their perspectives. It introduces the XPLANE empathy model for looking at products through a customer's eyes, considering what they see, hear, think, feel, and say or do. Customers are an important part of business as a source of revenue, and customer relations are becoming more important as companies operate at the edge of their scope. The document will cover decision making in the following week.
This document outlines the goals and structure of a business course. The course aims to help students make sense of business problems and propose solutions. It will teach tools for understanding the business, problem, generating options, and deciding on the best course of action. Students will complete a final assignment involving analyzing a business model and critiquing a business strategy using concepts from the course. The document also discusses concepts like understanding the complexity and turbulence of businesses and the importance of considering multiple options while problem solving under pressure.
The document discusses communities versus platforms on social networks and media. It notes that sharing, rather than searching, is the most important word on the internet as sharing is the driver and DNA of social networks. People use social objects to share themselves with others, as primates naturally like to groom each other. The document provides five lessons for marketing to youth: be where they are, create rather than sponsor events, be their social fabric, sell community rather than products, and create legacies rather than advertising.
The document discusses customer understanding and business models. It outlines that customers are an important part of any business model as they are the source of revenue and customer relations become more important. It introduces the XPLANE empathy model for understanding customers by looking at a product through a customer's eyes and perspective in terms of what they see, hear, think/feel, and say/do. The document suggests using this model to ensure a business model properly fits with the customer experience.
The document discusses the principles of effectuation, which are: non-predictive control, "bird in hand", "crazy quilt", and "lemonade". It also discusses applying the process of effectuation by focusing on contingencies, changing means based on new information and events, and leveraging surprises to find new opportunities. The key is to work with inputs within your control by forming partnerships and changing goals based on circumstances rather than assuming outcomes are predictable or within your control.
The document discusses communities versus platforms and social objects for sharing. It notes that sharing, not searching, is the most important word on the internet as sharing is the driver and DNA. Social objects are used to share ourselves with others as primates like to groom each other. It also lists 5 lessons from Red Bull, including being where people are, creating rather than sponsoring events, being a social fabric, selling community over products, and creating legacies rather than advertising.
briefing Innovation Compass (by Guy Bauwen)Ernst Phaff
This document summarizes a presentation on developing successful businesses through innovation. It discusses key aspects of innovation such as ideation, new product development, commercialization challenges, and common reasons why most new ventures fail. It also outlines market development models and "diamonds of success" including sensing opportunities, monitoring progress, scaling capabilities, and maintaining strategic focus. The overall focus is on providing frameworks to help innovators and entrepreneurs overcome challenges and achieve desired outcomes in bringing innovations to market.
The document provides an introduction to the concept of effectuation and compares it to causality. It discusses key principles of effectuation including means-based reasoning, affordable loss, leveraging contingencies, and forming partnerships. Examples are given of how effectual thinking differs from predictive planning. Readers are asked to consider how they have used effectual or causal logic in past situations. The final sections provide an overview of the course, including expectations that students will apply effectual processes in scenarios where planning is not possible.
This document provides instructions for an upcoming student assignment. It discusses:
1. Part of the student's grade will be based on writing a critique on a topic of their choosing related to business strategies or news.
2. When writing their critique, the instructor will evaluate the student's understanding of what is happening, the strategic intent of the company, and their educated opinion on the chosen strategy.
3. Examples of potential topics for the critique are provided, such as new business models, company reactions to accidents, or business strategy changes.
The document discusses developing and refining a business model canvas. It addresses traditional questions about customers, value propositions, and revenue streams. It also covers iterating the model based on customer insights, developing a value proposition through concepting and differentiation, and positioning a product using analogies and reference points. The document provides examples of crafting positioning statements and discusses competition analysis.
The document provides instructions for an assignment on writing a critique. Students are asked to:
1. Start thinking about a topic for their critique, such as news events, business strategies, or company restarts.
2. The critique will be graded based on demonstrating an understanding of what is happening, the strategic intent of organizations, and an educated opinion on chosen strategies.
3. Students should consolidate insights from the session into potential pains/gains to address and how a value proposition could work, and choose a subject for their critique to check with the instructor next time.
This document provides an introduction and outline for a course on understanding business problems and developing solutions. The goals are to make sense of business problems, understand how businesses work, and learn tools for analyzing issues, developing options, and deciding on the best course of action. Key topics will include the nature of problems, the business model canvas, innovation, customer perspectives, and putting together an operational business model. Students will apply these concepts through assignments analyzing real businesses and developing solutions.
The document discusses the importance of understanding customers and their perspectives. It introduces the XPLANE empathy model for looking at products through a customer's eyes, considering what they see, hear, think, feel, and say or do. Customers are an important part of business as a source of revenue, and customer relations are becoming more important as companies operate at the edge of their scope. The document will cover decision making in the following week.
This document outlines the goals and structure of a business course. The course aims to help students make sense of business problems and propose solutions. It will teach tools for understanding the business, problem, generating options, and deciding on the best course of action. Students will complete a final assignment involving analyzing a business model and critiquing a business strategy using concepts from the course. The document also discusses concepts like understanding the complexity and turbulence of businesses and the importance of considering multiple options while problem solving under pressure.
The document discusses communities versus platforms on social networks and media. It notes that sharing, rather than searching, is the most important word on the internet as sharing is the driver and DNA of social networks. People use social objects to share themselves with others, as primates naturally like to groom each other. The document provides five lessons for marketing to youth: be where they are, create rather than sponsor events, be their social fabric, sell community rather than products, and create legacies rather than advertising.
The document discusses customer understanding and business models. It outlines that customers are an important part of any business model as they are the source of revenue and customer relations become more important. It introduces the XPLANE empathy model for understanding customers by looking at a product through a customer's eyes and perspective in terms of what they see, hear, think/feel, and say/do. The document suggests using this model to ensure a business model properly fits with the customer experience.