Although conventional wisdom suggests that companies should look for growth opportunities close to their core businesses and capabilities, the author points out that diversification can be an effective growth strategy, as long as you follow four rules: 1) focus on the business unit; 2) let the business units drive their own strategies; 3) appoint business units leaders who will act like a CEO and take initiative; and 4) foster a culture in which it is safe to take chances.
One of the most obvious ways to grow a business is to diversify. But somehow, CEOs and their boards shy away from this. Why? The experts have drilled into them that diversification is a very tricky business. It’s a gamble at best, and at worst, it can pull your company apart. He is a recognized expert in strategy and performance measurement who helps managers, executives, and boards create successful organizations in the private, public, and not-for-profit sectors.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Judge Pittman in Texas Rules Minority Business Development Agency Must Help White PeopleA judge says three business owners were discriminated against by an agency, set up under the Nixon administration to help ethnically-marginalized groups, because they’re white.
Fonte: thedailybeast - 🏆 307. / 63 Consulte Mais informação »
Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China. The report by the European Union Chamber of Commerce in China, released Wednesday, urges China's leaders to do more to address concerns that it says have “grown exponentially” in recent years.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »
Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China.
Fonte: ksatnews - 🏆 442. / 53 Consulte Mais informação »
Doing business in China is growing tougher, more uncertain, European business group saysA report by a European business group says that uncertainty and “draconian regulations” have drastically raised risks for foreign businesses in China.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »
How to Set Up A Creator Business For Success in 2024 and BeyondEvery business needs an infrastructure and your creator business is no different.
Fonte: RollingStone - 🏆 483. / 51 Consulte Mais informação »