This is an insightful piece of work by Sanjay Khosla and Mohanbir Sawhney, published recently at Strategy+Business. Though people could argue that nothing new in this proposition, and companies did actually narrowed their expansions plans, and focused more on their current offerings and inititated massive gigantic cost-cutting and optimization engagements, nonetheless, Khosla and Sawhney aims, as far I understood, to strategize the whole process and practice. Growth by focus should deliberately replace the growth by more in good times as well and not bad times. It should the way of doing and running the businesses onwards.
The three horizons of growth from McKinsey is a must-keep framework of practice in organizations in today’s economical turmoil. Though people would argue that it’s a common sense, nonetheless, McKinsey asked for structured focus and disciplined investments allocation to current
“We spend a lot of time and energy at work trying not to fail. However, most people describe their failures as an important part of learning and growing. Adapt a growth mindset and accept that failure is part of the
In the current economic climate, great ideas have the potential to make a big difference and dispel some of the doom and gloom.
It starts with strategic thinking and thoughtful growth. Here’s an inside look at how two successful businesses went from zero to $1 billion.