I read this quote yesterday written by Union Square Partner’s Andy Weissman. It was mentioned by Fred Wilson in his blog AVC. The point of the quote was that venture capitalists are most effective when they provide a framework for decision-making to funded companies. Having worked at a start-up with a very special product, but no framework, I can empathize. The start-up went under but the lesson stuck. It stuck hard. A billion dollars hard.
My business, What’s the Idea?, a brand and marketing consultancy, is dedicated to providing frameworks to companies –start-up or otherwise – who understand the need for business-winning structure. For business winning decision making. I’ve written scores or marketing plans; the ones that work adhere to a brand strategy framework.
Yogi Berra said “If you don’t know where you are going, you might not get there.” To that I will add, if you don’t arm your players or employees with a framework they will have a hard time performing. Peace!