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Biz Dev 3.0: Changing Business As We Know It by Brad Keywell

 

Recommendation:

 

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Bizzy Book

What’s that expression? “To the man with a hammer, everything looks like a nail.” For Brad Keywell, everything becomes part of business development in his book, Biz Dev 3.0. Old economy executives will especially find this book bewildering and annoying. Even the appearance of the pages of the book will be annoying for many readers, and is way too busy. Three inches of the page have black text. Another inch has blue text summarizing key points on that page, or providing random quotations to support the points made. Bold txt is used often, along with bullets, and blue topic headings, followed by pseudo-wise statements titled “Biz Dev Buzz”. Here’s one: “Being first forces the competition to react, to catch up.” Duh. Another: “When you land alliances that are worth the exclusivity, set off the fireworks.” Huh? If that’s not enough to lead you away from this book, try not laughing as you read this excerpt:

“Biz Dev means putting speed in your cross hairs, thinking about it, focusing on it, working to develop it. How do you measure speed?

·        Absolute speed: How fast your company is compared to a neutral baseline, moving from idea to deal, and from deal to launch.

·        Competitive speed: How much noise your company makes about its speed, through mutual press releases, interviews, ads, and other channels.

·        Real speed: How fast and how well you leverage your partnerships to deliver the products and services that you promised your customers in those press releases.

·        Relative speed: How fast Biz Dev, legal, tech, marketing and production staff move to convert announcements into actual products and services in collaboration with partners and allies – compared t how fast everyone could create those products and services before.”

I admit that I found this book juvenile and useless. Maybe I was distracted by the use of biz dev as a verb. Maybe there’s something of value in there somewhere. This book is best read by those who live in the biz dev world and like the buzz, or by those who want to visit a distant and unusual place to gain some knowledge of what makes the natives tick. All others should take a pass.

Steve Hopkins, January 2, 2002

 

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