April 10th 2008
Managers today must be forward-looking, but there’s a danger that a work group’s past can gradually be eroded in the process. Your department’s past is important for a number of practical reasons:
It provides a sense of stability and perspective that makes people envision a good career future.
It is the foundation of a sense of group identity—a cohesiveness of people working toward common goals. Continue Reading »
February 20th 2008
2. Investors. Investors are most interested in factors that can help predict growth, because growth is essential for them to get an attractive return on their investment. These factors include the market’s likely future, the management team’s experience, evidence of fast-growing sales, and so forth. They want to see their investment go into marketing rather than R&D expenses. The existence of tangible assets is less important to investors because they aren’t as concerned with being “repaid” in the same way. But investors do want to see a concise plan—preferably 40 pages or less. Continue Reading »
