1. Summary Of What Is Strategy?
... taken to increase operational effectiveness are easily imitated. Strategy, on the other hand, can and does lead to sustainable competitive advantage, brining profits and benefits both in the short- and long-run when coupled with operational effectiveness. Porter describes strategy as "performing different activities from rivals" or performing similar activities in different ways." The essence of strategy is being different and doing things in a different ... what to do and what not to do. No company can or should be everything to everyone. Limits on activities and objectives help guide ...
- Word Count: 292
- Approx Pages: 1
- Grade Level: Graduate