| | Excerpt from WWW.NDMA.COM, © 2022 N. Dean Meyer and Associates Inc.
Entrepreneurship (remaining competitive). Examples of Entrepreneurship principles....
- We continually improve our value to customers.
- We continually improve existing products.
- We continually improve the way we do business (including these cultural principles) to improve our efficiency and quality.
- We proactively invest in our capabilities (including our professional competence and infrastructure) to keep our products current.
- We proactively seek new opportunities to better serve our customers, and we invest in our ability to offer new products within our domains.
- We are frugal, and spend the organization's resources only on wise investments (when returns justify costs and risks).
- We treat time as worth money.
. We make the best use of every minute of our time on the job (work hard, play hard, rest well).
. We act as soon as possible, not as late as possible, with a sense of urgency.
- We leverage our physical and intellectual assets by reusing rather than reinventing whenever possible; we do not resist ideas that were "not invented here."
- We preserve our intellectual assets by documenting what we learn (our organizational handbook).
- We choose the most economic means to deliver our products, whether it's "buy" or "build." (Buying instead of building not only may reduce cost and risk, but also conserves scarce fixed resources for high-leverage tasks that only insiders can do.)
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