Recommendation
In this thorough, applicable guide to strategy, Rich Horwath advocates developing the correct strategy to help you avoid pitfalls. He warns that imitating a competitor is not a strategy. Instead, Horwath urges you to differentiate your business by developing its distinctive qualities, not by lowering your prices. Most leaders reallocate budgets annually. But to heighten performance continually, Horwath advises reassessing your resources more often to take advantage of ongoing openings. He calls for periodic reviews to unearth promising opportunities and spur innovation. Even though academia endorses diversification, Horwath reports that most successful companies concentrate on a core business.
Summary
About the Author
Founder and CEO of the Strategic Thinking Institute Rich Horwath is a New York Times and Wall Street Journal best-selling author of eight books on strategic thinking including Strategy for You: Building a Bridge to the Life You Want.
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