Why is it important to plan in business? The principle of two inverted triangles

Author: Florian Wierzchowski As you can see, I’m not posing the question at all – whether you should plan in business, because of course you should, and to the best of your ability. Here I want to give you reasons why it is worth it. Although it is possible to act and achieve goals without planning, it will be a short business or full of surprises and crises. As in the life of any person, even those not involved in

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Will artificial managers be everywhere?

I started working on the artificial manager, which I call the robot manager, in 2007. The idea came when, during business training, I had the opportunity to meet people running similar companies, and some of them were doing well, and others were doing badly. Some complained about their employees, others praised them. Seemingly similar companies, operating in the same industries, had completely different results. I was then reminded of Peter Drucker’s famous saying, which, somewhat paraphrased, reads “There are no

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You have an idea for a business: how should it identify substitutes?

Porter’s analysis still requires thinking about two elements of the market – buyers and substitutes that may threaten your business. I already wrote about buyers a few posts ago. I’ll remind you that it’s about market segmentation, that is, isolating who will be the buyers of your company’s products or services. If at this stage of business planning you have already specified a group of key customers. You can further characterize them by three characteristics: their number, the degree of

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Can you imagine your closest collaborator being a robot?

Let’s go back for a moment to the idea that in the future you will sit at the same conference table together with humanoid robots that will work in your team. Today this idea is becoming more and more real, although in the world of artificial intelligence a surprisingly small role is attached to the fact that, however, it is not just an electronic mind, located somewhere in the cloud, but it would be nice to be able to pat

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How to calculate if your business will be profitable? Part 3

In my last blog post, I presented a very simple example of a business – a language school – so that you can understand how to count the profitability of your business or, in a specific case, the profitability of a particular product. You are unlikely to run such a business, but in order to understand what is revenue, cost and profit, it is worth your while to read this text. Let me remind you of the premise. We run

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