Friday, January 22, 2010

Drucker’s 5 Success Factors for New Ventures

Peter Drucker’s Success Factors for New Ventures:
  1. A focus on the market
  2. Financial foresight – cash flow and capital needs
  3. Building top management team – long before needed (and can be afforded)
  4. Role of the founding entrepreneur
  5. For internal start-ups – insulating the new venture

There is nothing so useless as doing efficiently that which should not be done at all.”

- Peter Drucker

No comments:

Post a Comment