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Lesson #5: Do What You Do Better than Anyone Else
“It’s important to remember one thing that is essential for any entrepreneurial organization,” says Moore. “Do what you do well. Look at other things as incremental opportunities, but don’t change the basis of what you do well.” Moore and Noyce might have had many failed products over the years at Intel – arguably more than most successful companies – but they never strayed from their original idea as to what they wanted their company to be about. Indeed, it was by focusing on a single vision and doing that well that they increased their circle of influence and climbed to the top of the industry.

Screw the Apocaholics -- The Optimists’ Case
The NYT has a review/summary of Matt Ridley’s latest, “The Rational Optimist”. Worth a read in its entirely, but here are some excerpts from the John Tierney piece:
7 Ways To Promote Your Internet Marketing
The primary intention of promoting your internet marketing is to earn profits. If you have your niche, it is natural that you would like to sell it. To sell your products and services may not that difficult if you know the right tools and resources.
On-Shore Verse Off-Shore Outsourcing?
There are many benefits to outsourcing. What you outsource and where you outsource are two very important decisions in protecting your businesses intellectual property and reputation.
The New Age of Niche Marketing
As internet marketing became flooded with products, niche marketing was born. This was called the separation age. People started staying away from huge information products that were created with hundreds of pages and instead started separating themselves from the crowd and focused on tiny niche topics. Now, while there is still money to be made by focusing on tiny untapped markets competition is pouring in and the well is drying up.

The Specialization-Differentiation Imperative
How to carve out your own slice in the market and charge more, attract more clients and enjoy greater confidence.

MARKETING YESTERDAY, TODAY AND TOMORROW FOR BUSINESSES DEVELOPMENT.
Marketing concept has evolved over the years. It has gone through some sort of evolution to where we are today. There have been marked stages and these stages are the following: Industrial revolution: at this stage specialization took place, with the industrial revolution, wages were introduced. At this stage the farmers could produce and sell to the industrial workers. The marketing and the business concept was simple at this stage but later become more complicated eventually. In marketing this stage is called the production stage, it took a while and Henry Ford perfected it. He came up with the car assembly and mass market was born. At this stage there was limited choice for the customer.

What to keep in your brain.
This article goes back to that first best personal information manager - our brain - and how that should fit in with your personal information management strategy. There are some tasks at which no gadget or app will ever outperform it - so don't waste time trying. And then what to do with the info the brain is not so good at? We suggest some solutions.
Ground Floor Business Opportunities With Plenty Of Room To Grow
The current state of our economy may seem a bit grim and discouraging to some, but a savvy entrepreneur knows how to profit in nearly any economy. If you need a bit of advice on how to find the right business to get involved with in a slow economy, take a look at some ground floor business opportunities that allow the business owner to get in relatively inexpensively and have some of the highest profit and expansion potentials of any home based business out there.
8 Franchise Business Opportunities To Help People Lose Weight
Obesity is a major problem in America and while many people claim to have to perfect diet, supplement or pill to cure this epidemic, the real way to shed pounds and become healthier is through a lifestyle change rather than the next weight-loss fad. Here are a few franchise businesses that help people lose weight and live healthier lives for the long term.
The Fear of Differentiation
Building a unique small business brand requires some courage. Why are unique brands so scarce while middle of the road products, services, retail stores, etc dominate the business landscape? My theory is that it has something to do with an innate fear (we all have) of being different. In a branding context, this poses a problem because differentiation is one of the key elements in the development of a great brand. So how do small business owners face the fear of differentiation?
Who is My Market Its Smaller Than You Think
Many designers believe that marketing the widest range of services to the largest possible group is the path to success. You’d rather be a generalist because you think you’ll get more business. But in reality, it doesn’t work that way. In fact, success comes to those who focus on the smallest number of activities most likely to yield the quickest and largest return. What really lets you dominate the market and get more business? Specializing.
Increasing Microfinance’s Reach with Integrated Services
The destitute—individuals at the very bottom of the socioeconomic scale—are still outside the current scope of most microfinance institutions.
5.3 Conclusion: Economic Report on Africa 2007
This chapter has shown that there are clear and measurable determinants of diversification in Africa at the continental, subregional and country level. Despite the inadequacy of African data, it may be said that, at least at the continental level, the diversification process is highly influenced by investment, per capita income, level of openness, macroeconomic policy stances, governance, and conflict.
5.1 Industrialization strategies still have a place in Africa: Economic Report on Africa 2007
Industrial production at the continental level was found to lead to deepening of diversification.
5.1 The development model should determine the optimal trade policy: Economic Report on Africa 2007
The two-stage diversification process from economic history has been registered both in open and closed economies. The difference between the two is that the turning point after reasonable and sustainable development has been achieved occurs at a much earlier point for open economies compared to the case for closed economies.
5.1 There can be little diversification without an optimal trade policy: Economic Report on Africa 2007
The trade policy question and its role in economic growth and development continues to dominate much of the debate in this era of globalization.
5.1 Faster economic growth could assist in diversification efforts: Economic Report on Africa 2007
The results for Africa, shown in table A5.1, suggest further that as income per capita increases, there is a tendency for African economies to experience improvement in their diversification processes. This is a very significant result and it is in line with other empirical evidence, (see Imbs and Wacziarg 2003), which shows that poor countries tend to diversify at first as their incomes rise, before they later begin to become more specialized. African countries also fit into this theory of the U-shaped stages of diversification.
5.1 Investment is vital for an economy to diversify: Economic Report on Africa 2007
The inverse relationship between investment and the diversification index shown in table A5.1 indicates that as the level of investments increases, there is a tendency for economies to become more diversified. The smaller the diversification index gets, the more diversified an economy becomes, and vice-versa for specialization. Unless a country commits a sufficient portion of its national income to building capital stock, it is unlikely to be able to diversify. Investment as measured by gross fixed capital formation turns out to be a key determinant to Africa’s diversification results.
5.0 Diversification and Growth: Economic Report on Africa 2007
The presentation in the previous chapter has painted a varied picture of the results of Africa’s efforts to diversify its economies. At the same time, regional differences between Africa, Asia and Latin America were compared. The question then becomes why some countries or regions achieved breakthrough in their diversification efforts while others did not? Identifying the determinants of diversification is one part of solving this puzzle. Linking these policy instruments to growth and development outcomes through growth is the other part of the puzzle. This chapter is about fitting both parts of the puzzle together.

Other specialization Related Articles

From Fantasy to Reality A Time for Awakening
The day and age when lawyers and other professionals could hang out a shingle, work hard, serve their clients well and grow their business is long since past. Too much competition and too much specialization has changed the landscape. Professionals have to be proactive in terms of marketing their practices, skills and services. Those that do will success. Those that don't will not complete in today's marketplace.
PROPOSITIONS, HYPOTHESES, AND CONCLUSIONS
To function effectively in a global economy, the entrepreneurs of Southeast Asia and Subsaharan Africa will not be able to avoid the kinds of evolution that modern businesses around the world experience. They will move toward public listing of their stocks, greater specialization and capital mobility, modern management techniques.

5.1 Investment is vital for an economy to diversify: Economic Report on Africa 2007
The inverse relationship between investment and the diversification index shown in table A5.1 indicates that as the level of investments increases, there is a tendency for economies to become more diversified. The smaller the diversification index gets, the more diversified an economy becomes, and vice-versa for specialization. Unless a country commits a sufficient portion of its national income to building capital stock, it is unlikely to be able to diversify. Investment as measured by gross fixed capital formation turns out to be a key determinant to Africa’s diversification results.
Scaling Efficiencies and Reducing Redundancy by Connecting People with Products
People often have a hard time grasping the idea that marketing and training are more similar than they are different since historically the two have always operated in silos strictly independent of one another. One department always handles the “people” while another takes care of the “products.” On one level, that’s fine since each involves its own specialization. But at the same time getting the full potential out of employees and products should not entail too divergent an approach.

MARKETING YESTERDAY, TODAY AND TOMORROW FOR BUSINESSES DEVELOPMENT.
Marketing concept has evolved over the years. It has gone through some sort of evolution to where we are today. There have been marked stages and these stages are the following: Industrial revolution: at this stage specialization took place, with the industrial revolution, wages were introduced. At this stage the farmers could produce and sell to the industrial workers. The marketing and the business concept was simple at this stage but later become more complicated eventually. In marketing this stage is called the production stage, it took a while and Henry Ford perfected it. He came up with the car assembly and mass market was born. At this stage there was limited choice for the customer.

Taking Back Power Back Tips For Restoring Balance and Focus
Since my book published this Fall, I've been inundated by activity around launching it, publicizing it, and speaking about it. I enjoy much of this activity, as it involves marketing and promotion, which I'm comfortable with (it was my professional specialization in my corporate life, and also it fits my "socializer" personality). I also believe in the book's messages, so it's a joy to speak about it. But what I didn't realize was that, day by day, hour by hour, I began to feel less and less powerful, and more and more focused on "outer" events and accomplishments, and things beyond my control, rather than inward milestones.

Home Based Business - Why Have Multiple Income Streams
Although one product specialization has its advantages, businesses that accumulate their profits from a single source are more susceptible to economic fluctuations and possible failure and are generally less profitable in the long term. A river has many tributaries and your business should be no different.

Home-based Business Opportunity for 2010 II
Home-based business provides hope for many who lose their jobs for several reasons. It also provides opportunity for people to succeed in their chosen specialization. Especially at this economic crisis should people start finding another or additional source of income.
Arguments for Free Trade
In theory, international trade increases world efficiency by specialization in production and exchange according to comparative advantage, given certain assumptions. In other words, a country that engages in international trade enjoys the benefits in terms of both immediate improvements in standards of living and economic growth.
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