Midsize Companies Must Prioritize Ruthlessly
The world is littered with the hollowed-out shells of firms that tried to do too much and spent too big trying to grow too fast. Many of those firms were midsize companies; they didn’t have the resources of the big firms to sustain setbacks, nor were they scrappy like most small companies, making do with the resources they had.
My first HBR.org post continues this discussion. Please read Midsize Companies Must Prioritize Ruthlessly. Your meaty comments online regarding your similar experiences, your challenging thoughts, or any related questions will be most welcome.
Tags: business acumen, business planning, scaling, strategy
Robert Sher is founding principal of CEO to CEO, a consulting firm of former chief executives that improves the leadership infrastructure of midsized companies seeking to accelerate their performance. He was chief executive of Bentley Publishing Group from 1984 to 2006 and steered the firm to become a leading player in its industry (decorative art publishing).