I am a big fan of business strategy readings. In this economy, I don’t know if there is a more important subject. It seems most companies are making cutbacks in order to be more efficient, raise productivity, and eliminate overhead. Reevaluating your strategic position, perfecting the activities surrounding your position, and taking another look at the tradeoffs incorporated into your strategy sometimes take a back seat.
In this economy, I see a lot of companies vacating positions and different industry segments are becoming less crowded as non competitive companies exit businesses for more productive uses of capital. Take the newspaper industry as an example. After all, this is what is supposed to happen.
Creating businesses in this environment is antithetical to the lay person, but it does make sense to the next producer class. The people recognizing opportunities now will surge in prosperity as the economy corrects itself and begins a new growth period.
I am very optimistic on the future. I just wish the government would let private enterprise create the recovery and not some ridiculous spending plan that creates unsustainable government managed programs that already saddle us with more debt than George W did in the previous eight years. So much for “Change.”
Cheers.
