Clarion_II_Lecture

Clarion_II_Lecture - • Timing rules • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules – Target market – Product

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325 Engineering Entrepreneurship Value Requires positive cash flow And positive net present value Sensitivity analysis Creation from financing decisions Financial flexibility
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325 Engineering Entrepreneurship Summary Finance does not give you “the answer”. Teaches skepticism Decisions will have an impact Increases sensitivity to free cash flow Helps managers make better decisions
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Strategy As Simple Rules Ideas evolve constantly Hardest part is saying “No!” Strategically significant processes and A few simple rules to follow Find and talk about your unique processes Utilize the rules to say no.
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Strategy As Simple Rules How-to rules Boundary rules Priority rules Timing rules Exit rules.
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Strategy As Simple Rules How-to rules Clarifies process Specific steps: ISO 9000 Boundary rules Priority rules
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Unformatted text preview: • Timing rules • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules – Target market – Product categories – Attractive customers • Priority rules • Timing rules • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules • Priority rules – Customers, shareholders, employees, etc? • Timing rules • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules • Priority rules • Timing rules – New versions – Product cycle time • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules • Priority rules • Timing rules • Exit rules – Pull the plug – Test value to someone else Strategy As Simple Rules: Summary • Minimize • Based on what you really do • Probably won’t change quickly...
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This note was uploaded on 10/14/2009 for the course IEMS 395 taught by Professor Bob during the Winter '09 term at Northwestern.

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Clarion_II_Lecture - • Timing rules • Exit rules Strategy As Simple Rules • How-to rules • Boundary rules – Target market – Product

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