1. Summary Of What Is Strategy?
... 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 way - so different, in fact, that competitors find it extremely difficult and costly to imitate those ... and what not to do. No company can or should be everything to everyone. Limits on activities and objectives help guide the com...
- Word Count: 292
- Approx Pages: 1
- Grade Level: Graduate