The Technium: 1,000 True Fans
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The Technium: 1,000 True Fans
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The Technium: 1,000 True Fans
the TOWS Matrix offers four distinct strategic approaches that companies can adopt to align internal strengths and weaknesses with external opportunities and threats. Here’s a breakdown of each strategy:
- * SO: How can you use your strengths to take full advantage of market opportunities?
- * ST: How can you use your strengths to deal with market
The Technium: 1,000 True Fans
1- Understand Threats That Affect Company’s Success
Identifying threats is the first step in the TOWS Matrix analysis . Organizations must systematically analyze external factors that pose risks or challenges to their success. This may include market disruptions, regulatory changes, competitive pressures, or technological advancements. By... See more
Identifying threats is the first step in the TOWS Matrix analysis . Organizations must systematically analyze external factors that pose risks or challenges to their success. This may include market disruptions, regulatory changes, competitive pressures, or technological advancements. By... See more
The Technium: 1,000 True Fans
Unlike SWOT, TOWS starts with external factors, and apparently starts with looking at threats first. This makes intuitive sense.
Essentially there are two rules here: don't post or upvote crap links, and don't be rude or dumb in comment threads.
A crap link is one that's only superficially interesting. Stories on HN don't have to be about hacking, because good hackers aren't only interested in hacking, but they do have to be deeply interesting.
What does "deeply interesting"... See more
A crap link is one that's only superficially interesting. Stories on HN don't have to be about hacking, because good hackers aren't only interested in hacking, but they do have to be deeply interesting.
What does "deeply interesting"... See more
The Technium: 1,000 True Fans
Unlike many founders who hit on something that’s working then rush to raise funding to scale, Balsamiq has chosen to take a more measured approach- consistently growing revenue and profits year of over year. Each year Peldi takes $1M out personally, socks away 18mo of runway for a rainy day, and pays out 15% of profits to Balsamiq’s 25 employees... See more
The Technium: 1,000 True Fans
What would happen if you created something noteworthy and worried about scale only after you’ve figured out how to make a difference?
The Technium: 1,000 True Fans
a more-than-you-ever-wanted-to-know guide
The Technium: 1,000 True Fans
All entrepreneurs begin with three categories of means
- 1. Who they are–their traits, tastes,and abilities;
- 2. What they know–their education, training, expertise, and experience
- 3. Whom they know–their social and professional networks.
Saras Sarasvathy in “What Makes Entrepreneurs Entrepreneurial.“
The Technium: 1,000 True Fans
The TOWS Matrix, developed by Heinz Weihrich in 1999, is a strategic planning tool that combines internal and external factors to generate strategic options. This approach was then popularized by Albert Humphrey, a consultant at the Stanford Research Institute. It stands for Threats, Opportunities, Weaknesses, and Strengths, forming a matrix that... See more