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Business Change Management

Business Change Management

Supporting Women Entrepreneurs Through The Simon Initiative for Entrepreneurship

On Oct 5, 2018 10:55:04 AM

/ SAMC

In early 2018, The Simon Initiative for Entrepreneurship was launched through a generous donation by alumnus Andrew Simon (LA63) and his wife Andrea as a multi-stage, collaborative initiative sponsored by Washington University’s Skandalaris Center for Interdisciplinary Innovation & Entrepreneurship to expand diversity and interdisciplinary approaches to entrepreneurship.

The Initiative aims to bring women in entrepreneurship to the forefront of conversations in today’s startup world. Some of the goals include:

  • To help women start and grow new entrepreneurial businesses, as well as recognize and celebrate their success.
  • To expose women in business to the available support networks and resources within the Skandalaris Center and the Initiative to find a community that shares their passion and purpose.
  • To assist the university in becoming a center for women entrepreneurs and to keep it in the forefront of this movement throughout the globe.

The Initiative is the first of its kind at the Skandalaris Center and aligns perfectly with the Center’s diversity values.

Below, the Simons share their vision for the Simon Initiative for Entrepreneurship and their efforts to support women entrepreneurs: 

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Unbelievable Blockchain Changes Coming to the Construction Industry

On Oct 4, 2018 8:53:48 AM

/ Andrea Simon

Categories: block chain, blockchain, business innovation, business change management, Igniting Change

 

Do you love blockchain, yet? You should!

Though still in its infancy, the blockchain system is the foundation underlying digital currency, like Bitcoin. While primarily used for cryptocurrency today, the potential application of blockchain technology goes far beyond finance. In the not so distant future, we can expect asset registries, smart contracts, quality assurance and many other types of blockchain usage to penetrate numerous industries.

After working with large construction companies, I became interested in how blockchain could help them bring major innovations into their industry. Why not!

With the advent of 3D printed housing units, demand for faster and faster construction services, and the shortage of labor that brings with it new robotic solutions, blockchain systems could fit right into the coming transformation of the entire construction industry.

The Future of the Construction Industry Looks Promising, and Perfect For Blockchain

With expenditures topping $1.2 billion in 2017, U.S. construction companies are looking for ways to invest in innovations that can sustain business in a rapidly changing business environment. Blockchain is one of those game-changers that is capable of transforming how construction companies do business.

Blockchain is not coming. It's here! Are you ready?

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What Will It Take To Be An Entrepreneur By Desire?

On Oct 2, 2018 11:46:12 AM

/ Andrew Simon

Categories: Entrepreneurs, Start-ups

The New York Times had an article in the September 17, 2018 edition entitled: “Retire? These Graying ‘Encore Entrepreneurs’ Are Just Starting Up.” 

It’s a great article! It focuses on people who have been displaced and find themselves out of work after 50. Their job disappeared because their industry changed or some other factor(s) impacted their company. They are all over 50 but want to—or must—keep on working. 

As The Times notes: “Many entrepreneurs 50 and older said they have no choice but to look for new and creative ways to supplement their savings as they live longer.” These laid-off workers “describe feeling squeezed by rising rents and health care costs, and are facing uncertain job prospects and age discrimination, especially in industries where younger workers are less expensive and are often more fluent in digital and social media skills.” 

People who want to start their own business are far from alone 

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How to Get People to Adopt Blockchain?

On Aug 16, 2018 6:21:42 AM

/ Andrea Simon

Categories: blockchain, technological innovation, business innovation, Andrea Simon, business model innovation, Culture Change

In 1989, Tim Berners-Lee developed an open system which did not require access and which enabled the exchange of information on a global scale unseen in human history. Back then, the World Wide Web had a small community of devout users, while others wondered what it was and generally remained skeptical.

Like any new technology in its infancy, the internet raised a lot of questions. But look at where we are now.

The story of blockchain technology has the same potential. Like the internet, blockchain is developing out of necessity. When the global economy crashed in 2008, the first blockchain was conceptualized to change the way finances function. And like the emergence of the first emails, Bitcoin and other cryptocurrencies were developed to drive the development of blockchain technology forward.

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Absolutely, You Must Join the Shift to Blockchain!

On Aug 14, 2018 7:00:00 AM

/ Andrea Simon

Categories: blockchain, technological innovation, Financial Services, business innovation

 


Over the last few years, we've been witnessing the early stages of a financial revolution sparked by Bitcoin. Industries and governments from around the globe are exploring the potential of digital currencies and trying to find ways to leverage blockchain technologies. Japan, Russia, Dubai and China are all developing state cryptocurrencies to supplement, or perhaps even replace, their fiat currencies.

At the same time, numerous industries are leveraging blockchain platforms and tokenized systems to lower costs, streamline operations, and explore new revenue possibilities.

To see (and hear) what I'm talking about, watch my On The Brink interview with Jared Tate below and see why you should "absolutely" join the blockchain revolution:

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Content is Still King: How to Get Great Google® Results

On Aug 9, 2018 7:00:00 AM

/ Andrew Simon

Categories: Inbound Marketing, content marketing, Google search, business growth strategies, Andrew Simon, SAMC Inbound

Great digital marketing campaigns are based upon, among other things, great content. As you might know, the role of content in SEO power is evolving. No longer are keywords central to the way you write your copy. Rather, Google is now looking for how well you answer the question in someone’s search query.

Changes in SEO are forcing us to adapt how we write content

At SAMC, we try to tell our story to the right audience, regardless of how they come up with their search question. Whether they ask Alexa to find them a great business consulting firm or they type in "how to do a Blue Ocean Strategy," we need to be the first answer. This is getting even more challenging with Google’s SERPs (Search Engine Results Page) at the top of the first page of a search.

Furthermore, while great content will always be king, the delivery of that content has changed as well.

How to evaluate your online presence?

Let’s take a look at the SEO changes and how in response, you should look at your online presence with fresh eyes.

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Great News! On The Brink Named 7th Best Book On Corporate Innovation

On Aug 8, 2018 8:34:20 AM

/ Andrea Simon

Categories: Corporate Anthropology, Business Anthropology, business innovation

Want to read one of the best books on corporate innovation? Pick up mine!

I just got some great news that I wanted to share with you right away. Fupping.com has recently named my book "On the Brink: A Fresh Lens to Take Your Business to New Heights" to its list of 9 Best Books To Read On Corporate Innovation. "On the Brink" comes in at #7! 

I guess I shouldn't be surprised, as it's a book all about using the tools and methods of anthropology to step out and see your organization with fresh eyes, then turning these observations into innovations. And corporation innovation is the focus of Fupping's Top 9 list. Here's how Fupping describes it:

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Mid-Year Update: SAMC's 10 Best Blue Ocean Strategy® Blogs/Podcasts/White Papers

On Jul 31, 2018 6:00:00 AM

/ Andrea Simon

Categories: Andrea Simon, Change Management, Blue Ocean Strategy, Blue Ocean Strategy Expert

 

The phenomenally successful book, "Blue Ocean Strategy" by W. Chan Kim and Renée Mauborgne, powerfully teaches business leaders of all stripes how to "go where the profits and growth are and the competition isn’t." Easier said than done, right? 

But even if you know what a Blue Ocean Strategy is, and also if you don't, how do you find this untapped market space where nobody else is? Where prospective customers with unmet needs are waiting for you to help solve their problems in innovative ways? These 10 blogs, podcasts and white papers will show you.

Hopefully they will also spark some Blue Ocean "a-ha" moments of your own and open your eyes to all the wonderful growth opportunities that might be right in front of you...if only you could see them. Enjoy.

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How to Energize Retailer Hopes as Startups Compete with Amazon

On Jul 26, 2018 6:00:00 AM

/ Andrea Simon

Categories: women entrepreneurs, Entrepreneurs, business innovation, business growth strategies, innovation, Andrea Simon

Although it's becoming harder and harder to make serious financial returns in today’s retail world in the age of Amazon, there's still room for entrepreneurs to excel at retail and e-commerce. So how are some succeeding when so many are failing? By driving change. But to drive changei.e., sustain growth in changing timestakes courage, stamina and ingenuity. And, dedication, persistence and a lot of hard work.

But even in today's harsh market demands and strong competitors, can young businesses still make it big and maybe even transform the world of retail? Yes!

As proof, take a look at this list of retail startups led by successful entrepreneurs that broke out of the pack in recent years, either through smart marketing, unique services or highly specific target markets. 

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How to Convert a Great Idea into a Successful Innovation

On Jul 24, 2018 7:10:00 AM

/ Andrea Simon

Categories: The Simon Initiative, women entrepreneurs, Entrepreneurs

How many times has someone said to you, “That’s a great idea, you should really run with it and make it a reality”? And how many times have you successfully converted a brilliant idea into a successful innovation? If the answer to the second question is zero, you're not alone. Unfortunately, most potentially great ideas remain dormant. Why? Most people don’t have the resources, courage, time and/or money to take action.

As entrepreneurs, we at SAMC have been through the journey of discovery enough times to know the pain and the joy that comes with having a big idea and making it happen. 

But bringing an idea to life is really hard. As the saying goes, “If it were easy, everyone would do it.” It's mostly a battle against time (competitors with the same idea are often right on your heels), so in the beginning, the crucial parts of your business strategy should be planning and research.

More like a marathon than a sprint, the process of converting an idea into something real is an ongoing one. To help you on your journey, here are a few things every entrepreneur should know.

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