Why the most competitive companies resist the urge to do more

In business, as in life, it’s tempting to equate success with doing more: launching new initiatives, exploring new technologies, pursuing new revenue streams, and saying yes to new opportunities. But over time, all that activity can dilute your focus. It’s like trying to hit 10 targets at once: When everything becomes a target, it gets harder to aim at what actually sets your company apart. But the companies that stay competitive aren’t the ones constantly adding more; they’re the ones that s...