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A small business can use the performance levers covered in Strategy Beyond the Hockey Stick to grow by implementing the following steps:
1. Adopt an outside view: Use data-driven insights to make strategic decisions rather than relying solely on internal perspectives.
2. Overcome social dynamics: Encourage open and honest discussions to ensure breakthrough ideas are not watered down into safe, non-risky options.
3. Implement the ten performance levers: These levers, as outlined in the book, can significantly increase a business's chances of outperforming competitors and achieving breakout growth. They include factors like endowment, trends, and moves.
4. Regularly review and adjust strategies: The business environment is dynamic, so strategies should be too. Regular reviews ensure that the business stays on the right track.
Asked on the following book summary:
McKinsey & Co. partners wrote this book. How do you effectively turn the promises of strategy meetings into reality? How can you manage social dynamic...
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Based on in-depth empirical research on thousands of companies, McKinsey Partners Chris Bradley, Martin Hirt, and Sven Smit provide a data-driven "outside view" to overcome social dynamics and create effective strategies. offers ten performance levers that dramatically increase your chances to outperform competitors and create breakout growth.
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