Give Growth Initiatives Full-Time Attention

The accepted image of someone building a new business is the go-it-alone industrialist, working all hours of the day and night. However, most new businesses are launched inside existing organizations. And too often, the person doing the building is not a focused entrepreneur, but a smart manager with several other roles to play. That type of divided attention is dangerous for new businesses which require discipline, focus, and determination to find success. Before you assign several of your overworked managers to your next growth initiative, think about whether you can staff one person who can make the new endeavor his or her priority. Even if resources are scarce, growth is often a high priority and focusing one person on a high-stakes venture will pay off.


Source: Harvard Business Review