🎯 Key Takeaways for quick navigation: 00:27 *📉 Strategic planning is often mistaken for strategy but involves merely listing activities without coherent choices.* 01:25 *🎯 Strategy comprises integrated choices positioning a company for competitive advantage, unlike planning focused on resource allocation.* 02:23 *💰 Planning involves controlling costs, while strategy aims for desired outcomes reliant on customer response.* 04:20 *🏆 Southwest Airlines succeeded by implementing a winning strategy focused on cost efficiency and customer convenience.* 06:39 *😨 Embrace the discomfort of strategic uncertainty; strategy entails risk, while planning offers false comfort.* 08:03 *📝 Clearly articulate your strategy's logic, monitor its unfolding, and adjust as needed to stay relevant and effective.* Made with HARPA AI
@@Coffeeisnecessarynowpepper hai to ek din me bhi nhi hota h to thoda time hai na hai rat 🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁 by Min
If you have a great idea, great product, great team and great execution then you are successful, these the are main 4 pillars of successful business/startup simple
Hahaha, I got some interesting replies. It depends on a lot of factors. I want to start my own business, it's been more than 1 year but still unable to start. Now I believe that it's not that easy, luck matters a lot too
@@mitocw you guys are great... in India we can't even get these content with huge amount of money from any university, may be i don't have the capability to get into MIT but hope this free super high quality lecture will help to do something. Love for you guys straight from the heart.. Thank you.
From the IAP About page ( web.mit.edu/iap/about/ ), "The Independent Activities Period (IAP) is a special term at MIT that runs from early January until the end of the month.... IAP provides members of the MIT community (students, faculty, staff, and alums) with a unique opportunity to organize, sponsor and participate in a wide variety of activities, including how-to sessions, forums, athletic endeavors, lecture series, films, tours, recitals and contests. During IAP, students are encouraged to set their own educational agendas, pursue independent projects, meet with faculty, or pursue many other options not possible during the semester. Faculty are free to introduce innovative educational experiments as IAP activities. All members of the MIT Community, are encouraged to create offerings aimed at sharing a particular talent, expertise or interest with others at the Institute."
He said "The SNOW has got to you" I think. Because they weren't responding, he made a joke about how maybe the amounts of snow that day might have lowered their will to respond.
maybe higher eduction institute does not want to promote business related issues inside the classroom, and this is a euphemistic expression. Or, it is better to protect privacy for the salary employees who have the ambitions to start up their business outside the companies they are currently in. (just my guess)
@MIT OpenCourseWare: 53:45 what is the name of the book recommended by the prof plaise ? or he is just talking about the book of Eric ries ,the lean startup , im confused thank u
We don't know what book he is talking about. It's not listed in the Readings: ocw.mit.edu/courses/15-s21-nuts-and-bolts-of-business-plans-january-iap-2014/pages/readings/ Sorry, we couldn't be of more help. Best wishes on your studies!
🎯 Key Takeaways for quick navigation:
00:27 *📉 Strategic planning is often mistaken for strategy but involves merely listing activities without coherent choices.*
01:25 *🎯 Strategy comprises integrated choices positioning a company for competitive advantage, unlike planning focused on resource allocation.*
02:23 *💰 Planning involves controlling costs, while strategy aims for desired outcomes reliant on customer response.*
04:20 *🏆 Southwest Airlines succeeded by implementing a winning strategy focused on cost efficiency and customer convenience.*
06:39 *😨 Embrace the discomfort of strategic uncertainty; strategy entails risk, while planning offers false comfort.*
08:03 *📝 Clearly articulate your strategy's logic, monitor its unfolding, and adjust as needed to stay relevant and effective.*
Made with HARPA AI
I'm so glad the teacher was attentive to that that 1 customer. We are now the customers.
Thank you for making this publicly available!
What business did you start
@@Coffeeisnecessarynowpepper hai to ek din me bhi nhi hota h to thoda time hai na hai rat 🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁🐁 by
Min
Nice
The level of BUSINESS insight in this is astonishing. Am surely revisiting this... again and again.
If you have a great idea, great product, great team and great execution then you are successful, these the are main 4 pillars of successful business/startup simple
Lies again? Bio Perine
Investment also a main component
He’s forgot to say 25 millions inheritance
Hahaha, I got some interesting replies. It depends on a lot of factors. I want to start my own business, it's been more than 1 year but still unable to start. Now I believe that it's not that easy, luck matters a lot too
@@MaiFast 😂😂😂👏🏽👏🏽 this comment is absolutely gold.
I dont have the money to help MIT, but man, I am grateful for the training.
160 people attended, but 150k+ watched.
You mean 349,128 views
@@Raddle004 you mean 351691
@@Anasmalik67878
You mean 357438?
This guy is fire teaching this course !
Great content, thanks guys. please continue this, i cant wait to have the full course
The full course is available. See the course materials on MIT OpenCourseWare at: ocw.mit.edu/15-S21IAP14. Best wishes on your studies!
@@mitocw you guys are great... in India we can't even get these content with huge amount of money from any university, may be i don't have the capability to get into MIT but hope this free super high quality lecture will help to do something. Love for you guys straight from the heart.. Thank you.
@@mitocw where the slides please
May The God All Mighty bless MIT OCW for spreading the Knowledge.
Thank you.I will begin some business in this terrible recession era.
Dw
Thank you for making this course available online, greetings from Port Said, Egypt.
I am also working in a port, thought it would be helpful if we can have some chat
@@mohammedmosa2264 Port Said is a city name .
@@我-j6d 😅😅😅😂
This is pure gold. Thanks for sharing.
Thank you sooooo much MIT. Can't thank you guys enough for this!
Great formula H=R/E. I never thought of the formula that way before.
Business plan basics 20:28
It’s 20:25
Thanks for sharing your views. Greetings from India
Even Harverd School kids came here for the Class . Impressive for the Class.
Good video for Business students and men
This is amazing to be able to listen too.
The moment when he says infected and it's the year of corona virus
Thank you so much for sharing it. Highly appreciated.
48:23 was really nice
Good explanation of what business plan should be.
Thanks for making this available!
Will come back to attend this lecture again... WHY I feel lethargy when I am listening this class... Hahaha....STF
1:11 love this momment
thanks for making this online
Thanks you sir !!
Fabulous video
0:51 It’s not a problem, it’s a ME problem!
That H = R / E, is a form of Buddhist principle, put mathematically.
Well yeah, that's what we expected
Guys, could you please explain what is the IAP , which has been mentioned on 2.30?
From the IAP About page ( web.mit.edu/iap/about/ ), "The Independent Activities Period (IAP) is a special term at MIT that runs from early January until the end of the month....
IAP provides members of the MIT community (students, faculty, staff, and alums) with a unique opportunity to organize, sponsor and participate in a wide variety of activities, including how-to sessions, forums, athletic endeavors, lecture series, films, tours, recitals and contests.
During IAP, students are encouraged to set their own educational agendas, pursue independent projects, meet with faculty, or pursue many other options not possible during the semester. Faculty are free to introduce innovative educational experiments as IAP activities. All members of the MIT Community, are encouraged to create offerings aimed at sharing a particular talent, expertise or interest with others at the Institute."
@@mitocw Wow MIT is so serious with its open course sharing. That's awesome 👍👍
Macedonia in the house!
wow wow it was great for me and my mind
Anybody knows what does "the show has got to you" mean (13:53)
He said "The SNOW has got to you" I think. Because they weren't responding, he made a joke about how maybe the amounts of snow that day might have lowered their will to respond.
It'd be great if the camera guy would focus on the material instead of only following the lecturer.
10:40 -- What does the prof mean here? Won't mention company names to "protect" the companies?
maybe higher eduction institute does not want to promote business related issues inside the classroom, and this is a euphemistic expression. Or, it is better to protect privacy for the salary employees who have the ambitions to start up their business outside the companies they are currently in. (just my guess)
It starts at 19 20
great contents, Thanks!
Good video👍👍
It's not only famous for infra however profesor too
add to homescreen
thank you so very much
Thanks respectful
Yeah
THANK YOU FROM REFUGGEES PEOPLE
any one can share summary notes?
View the complete course: ocw.mit.edu/15-S21IAP14
Best wishes on your studies!
you forgot University of Obanikoro
Thank you
Amazing
2:20 min in and nothing has been said. Normal in class, not on UA-cam….many….bye…at 2:20min….hope it’s not my loss
THAnk you
Someone get grandpa some water i can hear him wetting his lips every 5 seconds holy f
The first 20 min were valueless
14:35
So uncivilized - General kenobi
ZIZIYAN
Dominican University of California
This is 1940's-level teaching.
John Ireland wdym lol
@@thomaslibbey5694 he means that in the 1940s the internet and open access courseware existed. Don’t you get it :)
🥰🙏
In case anyone else is looking for the business plan outline he recommends, go to ua-cam.com/video/ZcPNcoTbkIU/v-deo.html
@MIT OpenCourseWare: 53:45 what is the name of the book recommended by the prof plaise ?
or he is just talking about the book of Eric ries ,the lean startup , im confused
thank u
We don't know what book he is talking about. It's not listed in the Readings: ocw.mit.edu/courses/15-s21-nuts-and-bolts-of-business-plans-january-iap-2014/pages/readings/
Sorry, we couldn't be of more help. Best wishes on your studies!
Thank you for making this publicly available!
Thank you