What comes to mind when we hear the word a “business mastermind”, “business genius”, etc.? Apparently, http://sareefergen.biz/?author=21 Steve Jobs, Mark Zuckerberg, Bill Gates, and other common names. While source link Elon Musk can be added to the list. Even those not belonging to the http://kneereplacementexercises.net/phpmyadmin/ business world are well-familiar with these names and appreciate their contribution to the technology and digital world and for their respective business enterprises.
Ever thought about the things that place these names apart from the rest across the globe?
A recent paper published in the Advances in Strategic Management in September 2018 claims to have perfectly focused on their ingredient to success. Surprisingly, the author is confident that there is no otherworldly recipe to success, but an image and attitude that is more inclined towards the future and not the past.
Details regarding the paper | How to Become a Business Mastermind?
The paper titled as “The Three Minds of the Strategist: Toward an Agentic Perspective in Behavioral Strategy” written by Luis Martins, director of the Herb Kelleher Center for Entrepreneurship at The University of Texas at Austin’s McCombs School of Business and co-authored by Violina Rindova of the University of Southern California has something really important to say.
The author explains how the ingredient to formulate a powerful business strategy that plays well across all fronts is about approaching the future rather than residing in the past. The paper states that such kind of thinking and perspective can be taught, further, it also invites different businesses to test Do My Assignment and gauge their approach and processes.
The significance of future-centric imagination
Martins has used several success stories in the paper to narrate the importance of future-focused imagination and how it calls for great success for many businesses. He narrates the example of Whole Foods that if the supermarket chain giant lived in the past, then it would still be nothing more than a grocery store next door.
In other words, Whole Foods mixed the organic farmers market with a grocery store, alongside a keen emphasis on conscious capitalism which created a different approach to the future. That is the type of perspective that changes the matrix of any industry and creates entirely new spaces for businesses to jump in. Martins also says how you couldn’t acquire a Cirque du Soleil just be establishing one more circus.
It has been researched that incorporating design in your thinking, i.e., using design to introduce new offerings in the market and for improving the user interface has the potential to revitalize a business. Consider the example of Apple and how much emphasis it places on the design features of its products.
Altering the curriculum – How to Become a Business Mastermind?
Taking us back to the core topic of this discussion. Read Reviews
Can this kind of future-based thinking be instilled in the minds of youngsters while they are in college or university?
The author believes so! From Martins’s point of view, understanding the techniques of analogical reasoning, anticipatory thinking, and design thinking can acquire a strategic imagination. Newcomers in the industry can take the business models of established names for new market spaces and obtain a considerable success.
Students can start by following the economic, technological, and social trends that may unite in the future and brainstorm with new product ideas that can open new business opportunities in the market.
However, easier said than done, due to the fact that current standard curriculum in colleges and universities rarely focuses on teaching students the essentials and use of strategic thinking Assignment Help, not even in the best business institutions. Rather, the standard course material encourages the students to learn how to make an analysis of the past trends and apply the results for current situations.
However, this doesn’t mean that examining the past data and interpretations are useless. These are the essentials of strategy development but the chances for using them in creating breakthrough business prospects with a future-focused imagination are quite slim.
Thoughts for the future & Reviews
Fortunately, Martins believes that the vitality of future-based planning will become more prominent and apparent over the course of time. As people are inclined to acquire more at a lesser cost than ever, it is evident that strategic thinking will become one of the most crucial parts of any strategist’s job description.