What is strategy by Porter
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The document discusses the concept of strategy and differentiates it from operational effectiveness. It provides examples of how companies like Tata Photon and Southwest Airlines developed strategic positioning through unique activities to gain a competitive advantage in their industries. Strategic positioning requires making trade-offs to limit what a company offers in order to create value and avoid being copied by competitors. It also emphasizes the importance of fit among a company's activities to drive both competitive advantage and sustainability of strategy.
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- Strategic positioning relies on unique activities to deliver unique value and requires trade-offs in order to choose what not to do.
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The document discusses competitive intelligence and provides an overview of key concepts and processes. It defines competitive intelligence as a disciplined process of information collection and analysis to support better decision-making. It discusses trends like organizational acculturation and disruptive innovation. The document also outlines traditional competitive intelligence processes like identifying key intelligence topics, primary and secondary research, analysis techniques like SWOT and benchmarking, and how competitive intelligence supports strategic planning.
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The class was held in December 2014 as a part of the larger course "General Management" at the University of Rome Tor Vergata.
Main contents are: business modeling, business model innovation, blue ocean strategy, BMI as a set od key decision.
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The document provides 7 strategies for launching an effective e-commerce experience with less time and bigger impact, including thinking innovatively but practically, focusing on business objectives over features, learning from proven models like Amazon, standardizing and simplifying processes, recognizing and addressing delays, using status reports effectively, and thoroughly testing the digital platform. The strategies are meant to help businesses efficiently set up an e-commerce platform that delivers results.
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- 1. What is strategy? By: Michael E. Porter Interpreted By: Nilesh Kumar 10BSP0148 IBS-B.
- 39. The Strategy Focused Organization Mission: “ Why we exist” Core Values: “ What we believe in” Vision: “What we want to be” Strategy: “Our game plan (how to win)” Goals For Implementing Strategy (Metrics): “ What we need to do” OUTCOMES Satisfied Shareholders Delighted Customers Effective Process Motivated and Prepared Workforce
Editor's Notes
- strategic capability is quite simply the capacity of a business to survive, prosper and deliver future value. It comprises a number of distinct components. Clarity of thinking and action in objectives and strategy; evidence of strategy in action and strategic progress in operational achievement; sensitivity to the future and to the impact of controllable and uncontrollable trends and factors upon future performance; investment in resources, strengths and less tangible drivers of value; and, an approach to social ethical and environmental matters that is integral to the strategy of the business.