In our modern time of advanced science and technology, everyone requires and desires to perceive the information in a very compact, precise and brief way. Large and medium scale companies have their strategies and departments to publish their new products but what happens in the beginning, what should they know, where should the pivot be etc….are the key questions to put in the first 4 pages of the plan to a successful future of a spin off! Here are special 7 steps.
1. Search out strong data and statistic analysis, on the technology, science, management and prospects of the hottest start-ups around the industry and the world you are looking to launch. A very basic key is SSSD – short cut to Search Strong Statistical Data. Uncover the desired, wished areas of the competitors that fledgling companies are flocking to. Detect the key inclination and trend that will guide your business developments and strategies
2. In Germany it is said, “Learn from the rich”. I will restate in a way that learn from the current time i.e. the need and focus of time. Following such schemes and then setting the successful strategies of the winners and avoiding the mistakes of the losers can bring an early target of your company in near future i
3. It is vital to evaluate your new scientific product accurately not only by comparing nationally but international standards too, and approach the market for negotiating with your full confidence keeping pros and contra in your mind.
4. Academics and universities should be a part of your prior hide outs to discover. It has been noticed in the market that potential blockbusters emerge with completely unique product quietly from academia. A strong linkage to discover new partners not only within the country but internationally is a necessary “watering to plant” condition to your business. Identify hot new investments ahead of the competitions.
5. Personally, what I always keep in my mind is a 3D picture of any problem to be solved. It does not matter which kind of the problem it is! Physical or involves complex organic molecule or constructing a logic to open the binary gate in your Programmable Array Logic PAL in computer technology. Just keep the understanding the big picture in developing the product as “how will it work?
6. Initiation, break though and patent should be the trading off policies! Well this is a critical step to be taken. I don’t mean to pay no attention to them for a time being but with quality standards these factor must not be ignored. You need a balance and a trade off… Many companies take fast action in bringing new product into the emerging market to be the pioneers and patent it as soon as possible. Be an early-round player – before everyone else jumps on the bandwagon.
7. Concentrate on promising technologies in regard to historic past with forecasting future. The association within the country – universities and the research institutes – can fetch you double times projects and contracts of interest. Integrate foreign potentials in the company or institute you want to run according to the intellectual abilities.
Least but not the last, as a crux of my experiences of observing how a stat up functions and steps leaps and bounds depends only on, somehow, a single rule which is “time”. e.g.
“Time is money and we make money round the clock!
To know different cultures, learn other languages, discuss closely related religions, life styles and English, Arabic calligraphy are some of the extra curricular activities which are a significant part of my life.
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