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SAB-WFNF 3rd Edition Resources

Starting a Business - With Facts, Not Faith, 3rd Edition - Resources. Purpose: The purpose of this post is to provide corrections, clarifications, and additional material to the published book. Business Plans Here is a link to the complimentary Business Plan Template and Handbook that I have written: Business Plan Template and Handbook. Or, if you prefer, here are links to cached (NZTE keeps moving them) copies of New Zealand Trade and Enterprise (NZTE) - Your Business Plan Template and the...

The Hypotheses, Design Experiments, Test, and Insights Process

Contents Introduction Business Creation and Improvement Methods The Build, Measure, and Learn Process The Enhanced Build, Measure, and Learn Process The Hypotheses, Design Experiments, Test, and Insights Process Introduction It is instructive to delve a little into the history of Business Model Development Processes before discussing the Hypotheses, Design Experiments, Test, and Insights Process. If you want to skip straight to The Process, then click here. As with many endeavours, when...

The Ten-Forces Model – Industry Structural Analysis

Preface This post is a revision of an earlier post titled The 9-Forces Model – Industry Structural Analysis. In the earlier post, The 9-Forces Model was presented, but it clearly showed Ten forces. The tenth force, Environmental Ecology, was almost begrudgingly it would seem, added for the sake of political correctness. Well, political correctness wasn't the goal, but perhaps taking people on a journey of acceptance was. It is well past the time to accept that the willful, ignorant, and...

The Ten-Forces Model – In Brief

The Five Forces Framework (a model), “is a tool for analysing the competition of a business,” and was invented by Michael Porter, and “first published in the Harvard Business Review in 1979.” Wikipedia.org, September 2018. The original model is represented in blue (square) boxes below. Over the years other authors have added to the model, the yellow (rounded) boxes, and there are other variants. Commentators have criticised the original model for its incompleteness and the augmentations for...

Customer Response Hierarchy

Introduction Consumers of products[a] typically progress through a series of stages, a Customer Response Hierarchy, regarding their purchase or non-purchase of products. Or so economists and others interested in modelling such things would like to think. [a] In this post, product is the generic term for “the result of an action or process.” en.OxfordDictionaries.com. This is as opposed to the preferred practice at DTC of using the collective term solutions....

Six Rules For Creating A Better Business

Introduction Are there only six rules for creating a better business? No, not really, there are probably about a billiontyone, but let's start with six for now ... There are several pervasive and persistent assumptions (myths) in business; two of them are: A business needs to offer a Unique Value Proposition (UVP) to attract customers.Years of competition have turned products and services into commodities. While there is an element of validity to those assumptions, they mostly miss the vital...

Marketing Empirical Generalisations

Introduction Marketing empirical generalisations are observations about marketing causes and effects that hold for a broad number of product categories, demographics, environments, media, and formats. When marketing empirical generalisations have broad applicability and utility, they can almost be thought of as marketing laws. What follows may contradict your experience, and this can be due to many factors. You are possibly mistaken. The conditions needed to obtain repeatable experimental...

Actionable Advice From Experience and Evidence

Reality is inconvenient at times, especially when it doesn’t conform to our assumptions and/or wishful/magical thinking. Instead of relying on assumptions/faith, this blog looks critically at context-relevant research, evidence, and experience as the basis for decision-making. This blog (and website) provides actionable advice, see this discussion for what it means for advice to be actionable. Implicit in our risk-management approach are questions about the validity and credibility...

Should You Rely On Facebook To Grow Your Brand?

Introduction Based on the work of Andrew Ehrenberg, the most growth for a brand typically comes from light buyers and current non-buyers. The most effective advertising works on the availability[1] of a brand by reaching both heavy (frequent) and light (infrequent) buyers by refreshing their memories and reaching non-buyers by building new memories. For Facebook to be a viable platform for growth, it has to be able to reach the later, but does it? As a refresher from Does Customer Loyalty...