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Articles by Donald Mitchell
Redirect Your Cost Savings Into The Most Productive Investments
It's more important to invest the benefits of cost savings well than it is to save the costs in the first place.
Costs: Locate Great Ideas For Greater Reductions In More Places
This article explains that changing business models can lead to breakthrough cost improvements.
Profit Greatly By Picking The Right Price Tests!
Price tests can create more problems than benefits unless you evaluate potential drawbacks in advance. This article poses questions to help you check for those issues.
Control Strategic Management Of Emerging Technologies With Pricing
Price too high and you'll get too many competitors at lower prices. Price too low and you'll expand the market faster than you can serve it, and even more competitors will pummel you. So what's the right price?
Adjust Prices To Make Your Offerings More Appealing In Non-Price Ways
High prices suggest higher quality and lower prices the opposite. Where are your prices sending the wrong message?
Apply Price Incentives To Encourage Customers To Help You Lower Costs
Prices can raise profits by helping encourage customers to ask for things that are very expensive to deliver. This article looks at two examples of creating lower costs and higher profits by using this technique.
Use Lower Prices To Reduce Costs And Increase Demand For Your Offerings
Look for ways to lower costs rapidly with lower prices so that your profit and growth soar.
Use Innovative Pricing To Become More Profitable
Sometimes lower prices can deliver higher profits. This article explains what to look for to identify such an opportunity.
We are used to thinking about the passage of time as being the equivalent of having our lives go downhill. But time can instead be our friend, helping us achieve what we could never do before.
What Are The Potential Gains For Your Life?
If you focus on creating 2,000 percent solutions, you can lead a longer, happier, and more affluent life. This article explores some of the dimensions.
Guidance For Nearsighted Optimists
Our limitations will melt away if we believe they will, keep the faith, and act on opportunities.
Use Pricing To Change The Way Your Offerings Are Used And Expand Consumption
Pricing can be used to change the perception of the value involved in using your offering. This example explains how reducing incremental prices as low as possible can expand use and profits.
Locate High Potential Ideas To Create More Profitable Sales From Adjusting Prices
Price testing needs to explore a wider range of strategies and elasticities than most price tests consider.
Check Your Successful Business Model Improvement Tests For Implementation
To succeed with profitable innovations, you have to be running enough business model improvement tests, have some succeed, and take the right next steps.
Monitor Your Business Model Tests To Verify Assumptions And Learn About The Unexpected
Multiple tests of new business models can speed finding improvements. But failing tests need to be stopped or re-framed. Unexpected results require careful examination to determine what's going on.
Identify And Implement The Business Model Tests With The Highest Potential And Least Risk
Business model innovation is most likely to succeed with small, low-cost, low-risk tests precede choosing a new direction.
Value And Provide For Individual Preferences To Build A More Profitable Business Model
Don't look at the forest when you can gain more by individualizing to focus on each tree with optimal solutions. This article looks at how to expand value through customization.
In Adding Value To Your Business Model, One Good Thing Can Lead To Another
Focus on finding value improvements that open the doors to further value improvements, and your business model will improve its profitability in exponential ways.
Business Model Innovation: Be Disciplined In Looking For Better Places To Add More Value
Most people would like to increase value for customers but lack a process to find these opportunities. This article fills that gap.
Assess Your Company's Potential To Innovate With A New Business Model
This article provides an example of how to evaluate and improve a business model to gain more profits and growth.
How Well Will You Live In 2015?
Life can change in a minute. How will you cope if current problems become worse?
Supply Improved Information To Develop More Profitable Business Models
Make information more available to stakeholders and you can empower employees and customers to earn more profits for you.
Reveal And Mine Vast New Sources Of Profits Beneath Your Feet
Even tradition-bound industries contain the potential to be much more successful when they follow profitable paths to business model innovation. The article contains an extended example of how one company did this.
Get Ready To Compete With Much Tougher New Business Models
Competition is shifting towards large business model changes that make earning a profit more and more difficult. In the process, many traditional management skills are becoming less important. Are you ready for the shift?
Create An Optimal Business Model For Profitable Growth And Success
Most organizations fail to have a good business model. As a result, they have limited opportunity to grow and profit. This article looks as the minimum case for a good business model and how to create an optimal one.
A Process To Continually Improve Your Business Model
Business model innovation needs to be continually repeated. This article describes how this can be accomplished.
Success Sequence For Leaders To Achieve Exponential Profit Growth
This article looks at the sequence by which company leaders learn to produce continuing business model innovation to expand their profits exponentially.
The Always-Win, No-Lose Option At The Speed Of Light
In developing strategies for Internet-based offerings, you should pick the opportunities that give you low risk and high reward.
Consider The Competitive Effects Of Differential Skills, Learning Environments, And Incentives
Role playing by your staff among pretended competitors can give you large insights into what your staffing, skill, and learning vulnerabilities and opportunities are.
Pinpoint Strengths And Weaknesses Regarding Skills For Dealing With Irresistible Forces
You cannot prosper by using irresistible forces without the right skills. This article looks at what scenarios can help you identify the right skills to develop and protect.
Irresistible Forces Drive Profits: But Is The New Information Static Or An Important Statistic?
Irresistible forces can bring torrents of profit. But you need to stop the arrival of new forces and shifts in old forces before competitors do.
How Can You Improve On Bad Habits Concerning Irresistible Forces?
You not only have bad habits about relating to trends; you probably don't know what those bad habits are. This article shows you how to identify the bad habits and to replace them with better ones.
What Are Your Enterprise's Bad Habits In Relation To Irresistible Forces?
Studying your organizations bad habits in regard to irresistible forces can guide you to avoiding costly mistakes.
Get The Better Of Your Bad Thinking Habits About Dealing With Irresistible Forces
We are our own worst enemies when it comes to handling irresistible forces. This articles describes how to identify some of your bad thinking habits as a prelude to replacing those habits with better ways of operating.
Don't Underestimate Irresistible Forces And Let People Ignore Their Effects
You need to focus on irresistible forces, rather than pretend they are not important.
Defensiveness, Too Much Self-Reliance, And Over Optimism Can Make You Miss Profitable Opportunities
Managements become insular. When that happens, they are often behind the curve in dealing with new trends. This article encourages leaders to focus more on getting the message than massaging their egos.
To Experience Exponential Growth, Avoid The Directionless, Wishful Thinking, And Helplessness Stalls
Organizations often have bad thinking habits that create problems when buffeted by irresistible forces. Identifying those bad habits is the beginning of overcoming them. Be particularly concerned about being directionless, employing wishful thinking, and becoming helpless to respond.
Recognize Common Mental Stalls: No More Tilting At Windmills
Irresistible forces by themselves don't threaten us, but combine irresistible forces with bad thinking habits and your progress will definitely stall. This article explores what bad habits to avoid.
Action And Reaction: To React Is Human, To React Positively Is Divine
Confronting hostile irresistible forces can be frustrating. Control your emotions to get the best results.
Your Reaction To Irresistible Forces Determines Your Profit Growth
Irresistible forces dog our footsteps and affect our businesses. This article explores the way that your reaction to irresistible forces determines your success.
Drive Rapid Growth With The Windmills Of Your Mind
Breakthrough solutions are much more valuable than seeking incremental improvements in operations. Combine those breakthroughs with powerful external forces, and the growth benefits can be like being propelled into space aboard a powerful rocket.
Enter Rooms Full Of Continuing Growth By Using The Right Keys To Eliminating Bad Habits
Rapid growth depends on finding what forces will be mos powerful in the marketplace, what mindsets keep people from taking advantage of those forces, and creating better ways to employ the forces.
Identify And Seize The Opportunities Presented By Irresistible Forces
Seek out forces that drive your markets forward and grasp advantages by aligning with those forces. This article contains examples of how this can be done.
Develop Better Thinking To Turn Problems Caused By Irresistible Forces Into Profitable Opportunities
Irresistible forces are only a problem because we have bad thinking habits about how to relate to the forces. This article describes what irresistible forces are and encourages readers to identify their bad thinking habits and eliminate those habits.
Helpful Metaphors For Accomplishing Irresistible Growth
Most organizations do well when the market environment is gentle. But let the harsh winds of change arrive, and the organization huddles to avoid their influence. The irresistible growth organization will make good use of all environments. This article provides two metaphors to explain how that result can be accomplished.
Choose An Always-Win Strategy Like Warren Buffett Does
Irresistible forces tend to make progress slow. But if we embrace the forces by anticipating their potential effects, we an employ strategies that always put us ahead by using the power of the forces.
Be Prepared To Use Irresistible Forces
Most businesses are constantly buffeted by forces outside of their control like weather, the economy, changing government regulations, currency shifts, and new technology. This article explains that this problem requires hitching one's wagon to take advantage of the forces rather than fighting against them.
What New Uses And Adjustments Will Delight Users Of Your Offerings?
Offerings are often designed inside the imaginary head of an engineer, technician, or other technical person. The real world is often quite different than expected. Look to the problems and solutions that are already going on to find ways to improve your offerings and usage.
Who Else Needs Your Products Or Services?
One of the fastest ways to grow profits is to find new classes of customers for your offerings. This article describes a process and questions you can use to unearth such new profitable prospects.
Profitably Increase The Scope And Concept Of What You Do Now
Most businesses and nonprofit organizations focus on too narrow a way to serve customers and beneficiaries. They should look around to see what else might be done that would be very efficient to offer at low cost that people want.