Doing the wrong thing really well in growing your business could lose you your competitive advantage. Here’s how to avoid the “implementation trap”.
There is plenty of strategic advice available to executives who want to grow their companies. They can squeeze more out of their existing internal resources and build organically. Or they can borrow resources from outside to supplement skills and knowledge from partners on a short-term basis. Alternatively, they can simply buy companies that provide expertise which they don’t currently have. But how do you decide what is the best route?
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]