The Elements of STRATEGY: A Pocket Guide to the Essence of by M. Daniell

By M. Daniell

There are many books on method. the explicit function of this booklet is to offer a concise and conveyable advisor to the fundamental parts of winning process. The readers could be in a position to increase the standard and content material in their personal techniques and therefore enhance considerably the implications achieved.

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Embrace Risk, Action, and the Acceptance of Failure Not all efforts will succeed but without risk, trial and some failure, there can only be limited progress. The only way we really learn is through action and experience, both good and bad. In fact, it is perhaps through our worst experiences that we gain the most valuable knowledge. We must be willing to act, test and expand the boundaries of what we know—a healthy process that accepts risk and tolerates some failure to add profitablility to that collective store of knowledge.

7. Embrace Risk, Action, and the Acceptance of Failure Not all efforts will succeed but without risk, trial and some failure, there can only be limited progress. The only way we really learn is through action and experience, both good and bad. In fact, it is perhaps through our worst experiences that we gain the most valuable knowledge. We must be willing to act, test and expand the boundaries of what we know—a healthy process that accepts risk and tolerates some failure to add profitablility to that collective store of knowledge.

The ability to bypass intermediaries and go directly to the market, shortening the distance between producer and customer, creates enormous advantage over trailing competitors encumbered with older, less flexible channel structures and systems. This is the source of the success of the much praised Dell direct delivery model. In addition, channels and customers are often tightly linked, with new channels providing access to new customers, as well as reducing costs and improving service to an existing client base.

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