Blog: In business, as in soccer, strategies require time to play out
12 March 2012, 12:13
It wouldn’t be a strategy if it provided instant gratification or immediate impact. Strategies, by their vary nature, unspool slowly. Nothing seems to happen for a long while, and then suddenly…boom. Yet most CEOs and boards have forgotten this basic fact.
It took Walmart’s Sam Walton a very, very long time to get going. For years he sat in the same corner shop; and for decades with just a small bunch of chain stores. When he got it right, boy, did he get it right: Walmart now has thousands of huge hypermarts all over the world, and is the globe’s largest private employer.
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