Post by arfanho7 on Feb 22, 2024 7:38:46 GMT
The researchers found surprisingly that those within a certain industry were no better at predicting success of an idea in that industry than those outside the industry. “We’re not saying expertise is bad ” Shu hastens to add. “We just aren’t finding any evidence that industry expertise is required for the collective group to effectively assess the commercial potential of an idea.” Of course the mentors assessing ideas in.
MIT VMS program weren’t random—they did have entrepreneurial acumen. However Shu contends that having a large group of people with general business experience evaluate an America Cell Phone Number List idea could be more effective than having a small group of people who all come from a particular industry. “That’s counter to the way a small number of partners in a group that all specialize in one industry.” It may be more important for entrepreneurs to quickly develop a prototype for a minimum viable product and get early feedback from a much wider group of people.
That goes both for entrepreneurs honing their idea into a viable company and for investors eager to spot the next living room air mattress company that turns into a billion empire. A Normative Theory of Dynamic Capabilities Connecting Strategy Know How and Competition by Gary P. Pisano Gary Pisano examines how companies compete on know how by analyzing how they invest in different capabilities.
MIT VMS program weren’t random—they did have entrepreneurial acumen. However Shu contends that having a large group of people with general business experience evaluate an America Cell Phone Number List idea could be more effective than having a small group of people who all come from a particular industry. “That’s counter to the way a small number of partners in a group that all specialize in one industry.” It may be more important for entrepreneurs to quickly develop a prototype for a minimum viable product and get early feedback from a much wider group of people.
That goes both for entrepreneurs honing their idea into a viable company and for investors eager to spot the next living room air mattress company that turns into a billion empire. A Normative Theory of Dynamic Capabilities Connecting Strategy Know How and Competition by Gary P. Pisano Gary Pisano examines how companies compete on know how by analyzing how they invest in different capabilities.