Thoughts On Business
- Dynamic industries demand a decisive leadership style. These kinds of industries allow no time to study and analyze every aspect of a decision.
- Low-margin businesses that have price-related competition can grow and succeed when supported by outstanding logistics and marketing efforts.
- Very competitive industries, such as the computer and electronics industry, which are typified by continually decreasing prices, must obtain a large volume of sales to counterbalance the margin obtained from each individual sale.
- All entrepreneurial leaders have to recognize that eventually, their business will mature and demand new leadership.
Read more about this topic: Eric Crown
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