Managing Attrition in Organizations

(adsbygoogle = window.adsbygoogle || []).push({}); Reasons for Attrition Attrition is a fact of life for contemporary organizations. Employees leave organizations for a variety of reasons including: >> dissatisfaction with pay and benefits, >> ...

Strategy Rests on Unique Activities

(adsbygoogle = window.adsbygoogle || []).push({}); Competitive strategy is about being different. It means deliberately choosing a different set of activities to deliver a unique mix of value. Southwest Airlines Company, for example, ...

Operational Effectiveness Is Not Strategy

For almost two decades, managers have been learning to play by a new set of rules. Companies must be flexible to respond rapidly to competitive and market changes. They must benchmark continuously to achieve best practice. They must outsource aggressively ...

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 category ...

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 and services ...

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 ...

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, ...

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. ...

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 ...

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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