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The 4 Deadliest Traps of Scaling a Tech Startup

There can be no debate about which is the most precarious period in the life of a tech startup—it is the early days. Trying to merely survive until the next round of funding can be an ulcer-inducing experience, and most tech startup founders cannot wait for this period to end. Unfortunately, many of them are so happy when they get out of the woods that they mess up the next step—scaling up their startup into ...

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How to Develop an Internet of Things Strategy

Gartner predicts that by 2020, there will be nearly 20 billion devices on the Internet of Things (IoT), and more than $300 billion in revenue will be generated from IoT device. While the IoT can facilitate the process of building value for your company, success depends on various factors, such as the type of business you have, your capabilities, and your ability to understand this new technology. In an article for CIO.com, Thor Olavsrud says ...

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How to Get Your Team to Follow Through after a Meeting

Project meetings are a part of any business life. A meeting is where goals are often set, tasks are assigned, and progress is expected. However, whether your team implements their roles after the meeting is questionable. Paul Axtell, in an article for Harvard Business Review, says that once you’ve left the meeting, things come up and priorities shift. Therefore, you should end the meeting with clear agreements on specific actions and completion dates for each ...

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6 Things You Should Do When Kicking Off a Project

Successful projects start with a good kick-off. How managers start their projects and draw out plans for implementation determines the likelihood of success. Most often, project managers take the preparation and planning stage for granted, and tend to overlook important aspects that affect later implementation process. In a post at her website, project leadership coach Susanne Madsen lists six things you should strive to do to set off: Validate the business case Identify sponsor and ...

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5 Takeaways from Failed Projects

Projects can go off the rails and fail at any point for a number of reasons. It’s painful, but you either learn from it and move forward, or keep repeating the same mistake. Brad Egeland, in writing for Project Times, shares a list of key lessons that project managers can learn to avoid making a mistake more than once—because he has suffered project failures for these reasons himself: Always conduct lessons learned. Peer reviews of ...

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Why CIOs Make Great Board Directors

CIOs are a fastest-growing addition to the boardroom, and rightfully so. Craig Stephenson and Nels Olson, in an article for Harvard Business Review, say that CIOs can help address hot issues such as using technologies to enhance operational efficiencies, improving cloud computing and digitization, and detecting risks and threats associated with information security. There are three tips to keep in mind for boards to incorporate a CIO director: Update your mindset about the role of ...

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Why You Should Avoid a Project Death March

Project managers might think of themselves as the protagonist in a blockbuster, where they take on the lead role but also all of the stress associated with it. But in an article for CIOReview, Ned Johnson writes that project managers should put themselves in the role of a stage manager who knows how to share the spotlight with other players, and gives space for the right one to play at the right time. The alternative ...

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Are You Tired of Missing Big Project Risks? 3 Ways to Stop It

I have had the privilege of managing two PMOs, both composed of several project managers. It was always interesting to watch—the best project managers were the ones who had a habit of identifying risks, both threats and opportunities. And these individuals did not perform the risk identification just once at the beginning of their projects. Rather, they had a habit of making time to reevaluate their projects with an eye toward new risks. Wise project ...

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Managing Transitions between Outsourcing Vendors

With apologies to Sir Walter Scott: Oh, what a tangled contract we write, when first we practice to outsource. Having managed outsourcing projects on behalf of both the customer and the third-party administrator, and managed transitions from one outsourcing firm to another on behalf of several clients, I have a lot of anecdotal evidence that outsourcing generally works best on a spreadsheet—in practice, results tend to be rather variable. But because most business decisions are ...

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Why Being a Middle Manager Is So Exhausting

Middle managers have to shift between the roles of a leader and a subordinate regularly. In an article for Harvard Business Review, Eric M. Anicich and Jacob B. Hirsh say that middle managers naturally adopt a more deferential low-power behavioral style when interacting with their superiors, while using a more assertive high-power behavioral style to communicate with subordinates. The result is increased anxiety and sometimes even health issues. Take Middle Managers Easy Humans are inherently ...

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