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Edge Strategy - A New Mindset for Profitable Growth (Hardcover)
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Edge Strategy - A New Mindset for Profitable Growth (Hardcover)
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Are you missing opportunities for growth that are right in front of
you? In today's volatile economic environment, filled with
uncertainty and sudden change, the forces pushing you to stay
focused on the core business are extremely powerful. Profiting from
the core is crucial, but the danger is that overfocus on the core
can blind companies. Scanning the horizon for new markets and new
products can also be tempting, but risky. Fixating too much on
either strategy can cause you to miss the substantial opportunities
for growth that are often hidden in plain sight, at the edge of the
core business. 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 you can see and
leverage value: * Product edge. How to capture incremental profits
and other benefits by slightly altering the elements and
composition of a core offering * Journey edge. How to create and
capture extra value by adjusting your role in supporting the
customer's journey to and through your offering * Enterprise edge.
How to unlock additional value from resources and capabilities that
support your core offering by applying them in a different context,
for a different offering or different set of customers With
engaging examples across many industries, Lewis and McKone coach
you on how to identify and assess each of the different "edges" and
then provide concrete insights and advice on applying edge strategy
and tactics to use 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, and investments already made.
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