Changing the corporate mindset: focus on the external, not the internal

Abstract

Profit margins are easily destroyed when companies focus on internal issues versus the external conditions that affect customers. Revenue comes from the outside, from customers buying products or services, not from implementing new technology, re‐engineering business processes or building great teams. Focusing on external forces increases the bottom line. In fact, by shifting to an external focus, companies can often increase profits from 5 to 10 percent.

Citation

House, D. (2004), "Changing the corporate mindset: focus on the external, not the internal", Handbook of Business Strategy, Vol. 5 No. 1, pp. 161-165. https://doi.org/10.1108/10775730410493964