What is Strategy?

I recently re-read Michael Porter’s excellent article from HBR by this title. His insights remain as relevant today as when they were penned 18 years ago. He explains strategy in a way that supports how I like to challenge customers to think about it. In this article, Porter eloquently address how a company can stake out competitive differentiation and align all it’s processes to deliver that differentiation. Porter makes a clear distinction between Operational effectiveness: performing similar activities better than rivals, and Strategic positioning: performing different activities from a rivals’ or … Continue Reading >