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Archive for the 'Startup' Category (2)

  1. 2008/06/12 Execution, Execution, Execution – The Primary Virtue of Startups
  2. 2008/03/26 Challenge after understanding

 There is old saying between venture business fields.

 

‘1000 people think ‘something nice idea’ at the same time, but only 10 people make execution.’

 

 Long time ago good ideas based on knowledge and insight was the only gift for nobles. Many people have to work for living daily and don’t have much time to think and make good ‘ideas’. But Industrial Revolution made people ‘live well’ than before and people could have enough time, knowledge to make a good idea.

 

 Actually this kind of concepts can be more powerful to make certain IT products – software and web applications. They can be modified and redistributed easily than traditional industry products. Compare them with a car manufacturing company to modify specification of their newly launched model after showcase.

 Fast modification with user’s feedback can be great strength to them. (Of course manufacturing Companies can apply Rapid prototyping to make this kind of strategic concept. See ‘The Art of Innovation’, story of Ideo.)

 

 Execution is the most important thing to Startups including new business Task Force Team who belongs to big, fat size traditional company. 

 

Ideas are worth nothing unless executed.


P.S.)
This article inspired with books below

- The Art of Innovation: Lessons in Creativity from IDEO, America's Leading Design Firm by Tom Kelley and more.

- Getting Real by 37signals

- Execution: The Discipline of Getting Things Done by Larry Bossidy, Ram Charan, Charles Burck

2008/06/12 18:38 2008/06/12 18:38

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Original Post : A Korean microblogging service sees two of its users getting married

Me2day, just like Twitter, seems to follow the right path. The only concern I have is, compared to Twitter, Me2day's core users could be too small in numbers because the service is only offered in Korean. In fact, that's the same kind of limitation that works against our company as well. Which is why we should have "globalize or die" mentality

As it is mentioned widely in certain marketing theories - Purple cow, Blue Ocean and etc. - 'different market conditions' can give great chance to business - the 'differentiation'.
Moreover, some 'cultural specialties' protect some start-ups because English base star-up teams can't make efficient strategies to Korean market.
(Yeh, that's right. They may don't need Korean market. But don't consider that kind of views in this article.)

But anyway, small IT business market size (or user pool) in Korea gives certain limitation of growth (or chasm) to start-up ventures - this is exactly what I concern about in these days.

Globalize or die strategy is very desirable thing to Korean IT start-up teams including my company, but I'm afraid that it's really not easy to Koreans make and maintain successful web service targeted to global market.
I learned that from my full time job - global targeted community portal.

Conclusion
We have to understand SW(+OT) of us. We have to know about ourselves first.
Though with these inevitable things people or team dreaming about great company should keep challenging to our goal.

'Good to Great'

2008/03/26 17:54 2008/03/26 17:54

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