Stay focused. Stick to your knitting. In today’s volatile economic environment, filled with uncertainty and sudden change, the forces pushing us to keep focused on the core business are extremely powerful. Of course, profiting from the core is crucial – but the danger is, over-focus on the core can blind companies. Scanning the horizon for new markets and new products can also be tempting, but is risky. Focusing too much on either strategy can cause us to miss the substantial opportunities for growth that are often hidden in plain sight, at the edge of the core business.
How can you identify these sources of growth more quickly and clearly, and get the most value from them? In this insightful yet practical book, strategy experts Alan Lewis and Dan McKone articulate a mindset that helps leaders recognize and capitalize on these opportunities.
The Edge Strategy framework challenges how the boundaries of your existing products and services map to your customers’ views of the world – and then provides three different lenses through which value can be seen and leveraged:
With engaging examples across many industries, Lewis and McKone coach readers on how to identify and assess each of the different “edges” and then provide concrete insights and advice on applying Edge Strategy and the tactics used in specific business contexts. The book concludes with a ten-step process to help executives and managers find and leverage the edges in their own companies.
Edge Strategy is the concise, hands-on guide for growing your business by getting more yield from assets already in place, relationships already established, investments already made.
Download Chapter 1 – “The Edge Effect: Why Edges Are Powerful” – for free here.