Competitive advantage or simply staying competitive

First, you should consider outsourcing certain projects to competent, capable, and proven third parties. The projects to be considered are those that others in your industry have completed and are now considered tables stakes to be competitive at the new level of efficiency and effectiveness that the industry operates at or that the market, customers, suppliers, and patients demand. Projects like inventory management, supply chain efficiency, or designing servicing maps for optimal territory coverage by a sales team – these are projects that have been successfully executed across numerous industries with well-known and published success stories.

Find an experienced third party with a long track record of success and outsource the project. Of course, you need competent team members to manage the project, but you do not need analytical professionals to manage this relationship and process. To be clear, you cannot wash your...