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The Success of Startups lies in its Execution
By siliconindia
Fremont: Startups begin with great ideas, but not all succeed. What is it that goes wrong even if you have a great idea? The success of an idea or plan depends on its execution and a good execution requires good plan and good operational decisions from good people for implementation. That is why investors invest in entrepreneurs rather than ideas.
The following practices may help to maximize business opportunities for a large company as well as a startup.
Define the Value Chain
The value chain of a business consists of customers, partners, vendors, internal systems and your own team. You need to understand this value chain and the market dynamics to drive operational innovations and every decision. Be precise to what is the pain point of your value chain that you want to address through your product and other offerings.
