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strategic-plannin

Finding New Positions: The Entrepreneurial Edge

Strategic competition can be thought of as the process of perceiving new positions that woo customers from established positions or draw new customers into the market. For example, superstores offering depth of merchandise in a single product ...
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Emerging Industries and Technologies

Developing a strategy in a newly emerging industry or in a business undergoing revolutionary technological changes is a daunting proposition. In such cases, managers face a high level of uncertainty about the needs of customers, the products ...
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Alternative Views of Strategy

The Implicit Strategy Model of the Past Decade **One ideal competitive position in the industry **Benchmarking of all activities and achieving best practice **Aggressive outsourcing and partnering to gain efficiencies **Advantages rest on a few key ...
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Reconnecting with Strategy

Most companies owe their initial success to a unique strategic position involving clear trade-offs. Activities once were aligned with that position. The passage of time and the pressures of growth, however, led to compromises that were, at first, ...
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What is Strategy?

Strategy as per Harvard Business Review: I. Operational Effectiveness Is Not Strategy II. Strategy Rests on Unique Activities III. A Sustainable Strategic Position Requires Trade-offs IV. Fit Drives Both Competitive Advantage and Sustainability V. ...
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The Connection with Generic Strategies

In Competitive Strategy (The Free Press, 1985), I introduced the concept of generic strategies – cost leadership, differentiation, and focus – to represent the alternative strategic positions in an industry. The generic strategies remain useful ...
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A Sustainable Strategic Position Requires Trade-offs

Choosing a unique position, however, is not enough to guarantee a sustainable advantage. A valuable position will attract imitation by incumbents, who are likely to copy it in one of two ways. First, a competitor can reposition itself to match the ...
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Japanese Companies Rarely Have Strategies

The Japanese triggered a global revolution in operational effectiveness in the 1970s and 1980s, pioneering practices such as total quality management and continuous improvement. As a result, Japanese manufacturers enjoyed substantial cost and quality ...
Organizational Culture Montreal

How to Change Your Organization’s Culture

An organization’s culture is a deeply embedded set of values and beliefs that determine, to a great extent, how individual employees react to various situations. But if a company’s culture does not promote merit and efficiency, it can ...
Employee Retention

How to Motivate and Retain Employees

It is imperative for any business organization to retain the top employees by means of motivation. An engaged workforce is a productive workforce. Businesses cannot achieve desired goals without experienced and qualified staff. Therefore, organizations ...
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