- Our work is very strategic and practical on how to expand globally (unlike previous researches)
- Still a lot more work to be done. This is because we started on the wrong track and kinda wasted a lot of time on nothing. Ever since we started working on what we should have worked initially, it's been very productive and good work. But since our time was limited there is still quite a bit missing. The Nova team should continue working on these strategies after we leave and conclude them.
- Nova needs a top-down strategy of how the current 3 hubs, Headquarters and new hubs will collaborate with each other. Nova needs to be centralized initially in order to keep the same values and Nova structure. Right now, it seems like Nova is decentralized. The hubs lack communication between one another. I am afraid this will continue to happen if a communication/reporting strategy is not enforced.
- We still don't know the how-to's of expanding in new markets. Is Nova students or young professionals? Is the start-up manager a student or YP? Is Nova a start-up community or every professional community? What are the KPI's for the new chapters? I know we have been told we will figure them out as we go, but unless we have a Nova big picture, I don't think this will be feasible. I know someone raised this concern in the meeting and Karin said we will figure them out later, but later is now in my opinion.
- As far as the market selection we are on the right page. We have identified which markets we should enter first and why. Please refer to my other blog post this week for a bit more details.
- I believe that Sunny Fridays would have been more insightful had we invited people from different professional fields rather than just start-up community.
Crazy week ahead of us. Stay Fabulous!
Ella
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