Why I Don’t Think This Entrepreneur Tech Boom Will Help the US Economy

Need a Focus on Things, Not Just Ideas

Americans are known as being one of history’s leading modern inventors, building one of best global economies in history. With this new entrepreneurship boom in the software and technology industry the US economy is seeing many great new ideas, resources and services. Just look at the billion dollar ideas that have come from WhatsApp, Facebook, DropBox, and others. With all of that said, I believe the US will not actually build and create sustainable jobs for the economy without change.

Grow During an Economic Downturn!

Growing in an Economic Downturn

During an economic downturn organizations have to do more with less. Companies tend to tighten budgets, cut staff, reduce services, decrease quality, contain negative output gaps (spare capacity), minimize effects of rising inflation, manage confidence and investments – but there is an alternative. There are ways for companies to grow, smartly invest and to emerge from a downturn stronger than their competition. As basic as it may sound, an organization’s ability to grow from a downturn lies in its business processes and operational decisions, driven by a company’s business mission and objectives.

Bury the Competition: The Competitive Analysis

Bury the Competition: The Competitive Analysis

“Number one, cash is king… number two, communicate… number three, buy or bury the competition.”

-Jack Welsh

Of the three pillars for a successful business strategy, competition is the most dynamic. Identifying competition and completing a competitive analysis is paramount to create a competitive strategy. The process of competitive analysis is constantly required as economics, industries, customers, competition, products and every other factor is constantly in motion, changing. The goal of competitive analysis is to gain enough customer insight to create a value proposition greater than that of the competition, as viewed by the customers.