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Successfully Pursuing New Growth Opportunities


Growth is a key part of any strategic plan, yet many executives undermine their companies' strengths when developing new products or expanding into new markets. Here are ways to make sure you move forward without shooting yourself in the foot.



Thomas Edison "failed" 10,000 times before he perfected the light bulb. But the inventor considered each failed effort a success. He had eliminated 10,000 combinations of materials that didn't work.



Is your company thinking about expanding into a new area? Sometimes misdirected growth is a recipe for disaster.



What's the difference between a small company and a big company? The dress code? The executive washroom?



PetSmart warehouse stores for dogs, cats, and other critters weren't always so user-friendly. When a store opened near Labrador-lover Mary Riley, she was one of the first to check it out. All she bought on that first visit was a collar for Amos, her fast-growing Lab puppy who already weighed 40 pounds.



Take the high road in the race to success
It used to be against the law to paint a horse blue, at least in Chicago. Like all laws, this one no doubt had its place.



Restlessness is endemic among entrepreneurs who are energized by the new idea, new opportunity, new product, and new technology. The constant need for change and improvement is what makes them great innovators. They're never satisfied with the status quo...the ordinary. They're drawn to new stimulating challenges, which sometimes flower and bear fruit.
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Strategy Quote Of The Day

"The definition of insanity is doing the same thing over and over and expecting a different result."

- Benjamin Franklin

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