Navigating a Downturn: Strategies for Business Resilience
Tom Spencer
MAY 24, 2024
Although it is fairly common for a successful business to generate 80% of its profits from 20% of its products, relying heavily on a small number of products, services, or markets exposes a business to significant risk. Just think of Kodak, Blockbuster, Blackberry, and Nokia, companies that were once dominant in their respective industries.
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