Tinkering with Strategy Can Derail Midsize Companies
Too much innovation at the top of a midsized company can kill growth.
Innovation is a key factor for growing from small to midsized. But at midsized, when the firm is focusing on scaling the winning strategy, more new ideas introduced at the wrong time or in the wrong way can cause costly distraction and torpedo growth. Examine two case studies that illustrate this key concept.
Read my second HBR post Tinkering with Strategy Can Derail Midsize Companies and weigh in on HBR with your opinion and experience.
Tags: business acumen, business planning, 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).