1. Summary Of What Is Strategy?
... 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 ... and strategy is not results from the existence of trade-offs. To be different, to serve different customers, or to perform different activities require...
- Word Count: 292
- Approx Pages: 1
- Grade Level: Graduate