I used to have (and still have to some extent) a phobia for MBA jargonic terms.
Of course who can make out anything of "Paradigm shift in the market cap as per the prototype studies shown by the co-branded channels is going to drive incremental time-phased growth in the emerging alignment of resources."
(More of such BS can be found at Gobbledygook generator)
Driven by the instincts, accompanied by the jargon-phobia and assumptions on how people and businesses behave, I started the business while ignoring the usual adages of doing market research, validating ideas, having some business plan etc.
It appeared that everything should be driven by common sense*.
Just like you would expect volume to go high when you turn the knob, one would expect to make business on doing good work.
It seemed that MBA jargons would only lead to analysis-paralysis and prevent us from taking the plunge.
That was not best of the decisions I made.
Having been there and done that, I now understand how those jargons and doctrines have been arrived at and why they are important.
There are guidelines like Don't think too much. Just do it.
Those are in general suitable for people who tend to over analyse or are too cautious to take plunge. But not for people who are ready to take plunge into anything if their instincts tell them to do so.
I think a new entrepreneur should definitely look at following in the beginning:
v nicely put! i agree 1000% Common Sense is more important than having all those degrees but not having enough of CS.
BTW, the check off list that you put out for Analysis too can also be tackled by applying only Commonsense and nothing more... :)
i m a big fan of Actions by Commonsense...esp having seen people not applying the same when the actions they were to undertake were begging to be applied with some of it...
Hi Sanchita....yes. Just that some people are born with the common sense that is necessary for business, some people gain it while growing up (from the eco system) and some people have to earn it!
The consultants recommend deconstructed management paradigm shifts - what does this even mean
Find more BS to scare your boss and peers at: http://www.plainenglish.co.uk/examples/gobbledygook-generator.html