3 ms·
Rather than Jim Collins, I'd vote for Michael Porter as the management guru to read. His idea of generic strategies is a great way to deal with this. Essential
by ojbyrne 15y ago
Rather than Jim Collins, I'd vote for Michael Porter as the management guru to read. His idea of generic strategies is a great way to deal with this.
Essentially he says there are 3 generic strategies - cost leadership, differentiation, and focus (market segmentation), and that you need to pick one and follow it 100%. Doing that really can focus the company on what needs to be done now and what is irrelevant to your success.
http://en.wikipedia.org/wiki/Porter_generic_strategies http://en.wikipedia.org/wiki/Porter_generic_strategies