By Jeremy Kourdi
Poised to be the catalyst for enterprise good fortune, this selection of nice principles presents the gas for firms of all sizes to create worth and good fortune. a number of the largest company names provide their fire-tested ideas, observed by means of recommendation on utilising their feedback to varied company events. The simplicity and gear of the information stumble upon no matter if readers are beginning a brand new company or seeking to pump a few existence into an present association. fast moving and stimulating, it is a basic yet in all probability strong e-book for these looking proposal and that new killer application.
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Extra resources for 100 Great Business Ideas: From Leading Companies Around the World (101 . . .)
Yes, some people are natural networkers, but most people need help learning how to put themselves out there and, fortunately, plenty of resources are available in the form of books and tapes to help you gain the confidence needed to mix and mingle. The Why of Joint Venturing 27 Once you have a pool of alliance candidates, the next step is to determine which companies in that group are potentially good matches for the joint venture you’re contemplating pursuing. This is the group that you’ll want to get to know better through the due diligence process I’ll talk about in Chapter 7.
Historical Influences For a long time now in American business—indeed, in global business—bigger has, for the most part, been considered better. Successive waves of consolidation in many industries have produced a situation in which a handful of giants dominate whole fields of endeavor, leaving progressively less market space for small and mid-sized organizations. This historical trend shows no sign of abating. Often, the only way small and mid-sized companies can compete is to band together to either aggressively go after a niche market or to create a totally new market that the giants aren’t aware of yet, or aren’t nimble enough to enter first.
The other factor I believe heavily influenced this trend of teaming was the introduction of the Internet. The use of the Internet as a delivery vehicle levels the playing field for small businesses. A smaller company can eat the lunch of a larger company, because the smaller companies were more agile and cost effective and could deliver quality solutions faster. During my private sector experience as an entrepreneur, I remember being courted by large corporations, largely because they knew our services could complement their solutions.