Risks of pursuing multiple strategy prospects
What are the risks of pursuing multiple strategy prospects?
Expert
The risks of pursuing multiple strategy prospects:
There are risks to pursuing a diverse strategy portfolio aimed at continued growth:
i. A company can’t place bets on each and every opportunity that appears in case it makes bigger its resources too thin.
ii. Long-jump and Medium-jump initiatives can cause an organization to stray distant from its center competencies and end up trying to fight in businesses for which it is unwell suited.
iii. It can be hard to achieve competitive benefit in long-jump and medium- jump product families and businesses that show not to engage well with a company’s current resource and businesses strengths.
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