Strategic money

It can also be beneficial to go after strategic money. Once someone provides capital to the business, he or she is likely to have a vested interest in seeing the business succeed. Money from individuals who can help make connections to potential customers and other stakeholders can be an important part of getting the business established. Joint ventures and partnering also can help to speed up the adoption process and get buy-in to the business. 

Protected by patents 2. Customisation for different m arket segment is accomplished by using different product formulations. 1. Investment money is need to setup a company 2. Profit sharing with strategic partners. 

Engagement and conrage may be thought of as key strategic dimensions of wealth creation, but what about the blocking and tackling of handling money Here three issues draw our attention How we spend money, how we earn it, and whether we save it. 

The exit by disposal of Messer Griesheim to strategic buyers and the partial Celanese IPO in the USA are successes with above-average returns. Recapitalizations due to strong operational cash flows and the availability of debt have also been successful for example, the recapitalization of Cognis has returned more than the money originally invested, although the financial sponsors still own it entirely. 

Christopher Hill I did not hear anything in Professor Wakeham s description of Imperial College that we do not do now at George Mason, a public university. Tbe difference is that in Professor Wakeham s presentation, multinational corporation was a euphemism for an American company. But we would have no problem doing a strategic alliance with an overseas corporation at this point. If we wanted to accept federal government money as part of the package, then we would have to fulfill some of the requirements in U.S. law written by Patrick Windham to deal with the xenophobic impulse. 

Since 1994 Ingvar is managing director and scientific leader of the Swedish Foundation for Strategic Research, based in Stockholm. In this new capacity he sits on top of a respectable amount of money, about eight billion Swedish kronor or more than one billion US dollars. The primary goal of the foundation is to improve the scientific and technological competence in Sweden in areas of relevance for the competitiveness of our country. 

With completion of the project study (Chapter 6), proces development comes to a certain conclusion. If all of the boundary conditions are positive, then a strategic or economic decision must be made by the responsible company division or the board of directors on the basis of the available information (project study, marketing studies, patent situation, etc.). Every delay costs money, since the test plants (mini- or pilot plant) must be operated again, albeit to a lesser extent, or because a competitor could reach the market earlier. Popular excuses for further delaying a decision are ... 

Finally, feedback must be provided to upper management on the status of your project team. To accomplish this, set up periodic management reviews. Dates for these reviews should be strategically designated about every 3 months to provide periodic updates. They should occur when significant milestones or objectives have been accomplished. In these reviews, you should include the status on meeting certain dates on milestones. You should also discuss money expenditures. 

Supply chain improvement projects design and build new processes or transform existing processes to be more customer-serving and efficient. Each year, organizations devote billions to these kinds of projects. Unfortunately, time, money, and effort are wasted because the improvements are local rather than enterprise or supply chain wide, failing to support strategic direction. This chapter and the ones that follow point to tools that increase chances for success. 

So the cost reduction chapters stress making money through operations that become cost effective and strategically valuable. Broad benefits should include two or more of the following ... 

Strategic Planning Process whereby an organization defines the direction it plans to take and allocates time, money, and people to accomplishing this goal. 

---