Managing Complexity in a VUCA World: From Cognitive Science to Practical Business Tools
Modern business environments are extremely volatile and complex. Entrepreneurs face daily decisions amid uncertainty and information overload. In the well-known VUCA model that describes today’s world, Complexity refers to the sheer multitude of factors impacting a business, making it harder to determine
Intellectual Property in Business: A Comprehensive International Overview and Practical Tools
In today’s knowledge-driven economy, intangible assets—brands, inventions, creative content, and more—often determine a company’s success. According to the latest data, intangible assets (including intellectual property) account for up to 90% of the market capitalization of S&
Entrepreneurs and the Challenge of Complexity
Entrepreneurs—particularly those focused on technology and digital products—face an ever-increasing level of complexity in their daily operations. Multifunctional applications, distributed teams, and rapidly changing markets all contribute to a demanding business environment.
Goal-Oriented vs. State-Oriented: Balancing Achievement and Well-Being for Sustainable Success
Introduction In today’s world of management and personal development, there are two fundamentally different approaches: goal-oriented and state-oriented. The first focuses on achieving specific results, while the second emphasizes the quality of the process and an inner sense of alignment.
Project Risk Management: A Key Success Factor for Entrepreneurs and Investors
Project risk management is a critical element in ensuring success for both entrepreneurs and investors. Any venture—whether it is a startup or a large-scale construction project—faces uncertainty. Unforeseen events can disrupt timelines, increase costs, or compromise quality.
Hype, Confusion, Punishing the Innocent, and Rewarding the Uninvolved: The Typical Startup Journey
Anyone who has ever launched a business project has likely had a moment of déjà vu—“Wait, haven’t we been here before?” There’s an old joke claiming that every project goes through four stages: first comes the hype, then the confusion, followed by the punishment of the innocent, and, finally, the rewarding of the uninvolved.
Risk Management in Modern Business: Strategies, Tools, and Practical Implementation
In today’s business environment, risk management has become an essential component of strategic planning. Broadly defined, a “risk” is an event (or a set of events) that can either hinder or facilitate an organization’s goals—depending on whether the impact is negative (potential losses) or positive (new opportunities).
What You Must Not Do Online: A Guide to Anonymity and Responsibility for Online Entrepreneurs
Running a business on the internet opens up vast opportunities but also entails numerous hidden risks. An entrepreneur must understand what is strictly forbidden online—both legally and ethically—to avoid lawsuits, protect their reputation, and safeguard their venture. This article, presented in a conversational
A Leader Is Someone Who Can Make Swift, Out-of-the-Box Decisions
In today’s business environment, speed and originality often determine a company’s success. The world changes rapidly—new technologies, market crises, and emerging trends require entrepreneurs to act fast and, sometimes, even stay a step ahead of competitors. A leader is not just a person with a management
Introduction: Learning from Failure – Before It Happens
Every business initiative carries risk. Projects can fail at a spectacular rate, often because warning signs were missed or concerns went unspoken during planning (Performing a Project Premortem). In hindsight, companies perform postmortems to dissect what went wrong—but what if you could conduct the autopsy before the failure?