You'll be giving your competitors an opportunity to steal your market. The biggest problem with pursuing other opportunities is that it distracts from your efforts to effectively and efficiently manage your core business. Losing focus of your core business provides the competition with a tremendous opportunity to step in. A leading manufacturer of high-end western …
Tag Archive: failure.
Nov
04
The Seeds of Failure? part 1
Eighty percent of growth strategies fail. Only 20 percent of all growth strategies succeed. This startling statistic applies to adding a new product or expanding into a new market, as well as involvement in mergers, acquisitions, and joint ventures. If you have had a degree of success in your current business, you're one of the …
