1. Summary Of What Is Strategy?
... . 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 differences. The reason operational effectiveness is easily imitated and strategy is not results ... from the existence of trade-offs. To be different, to serve different customers, or to perform different activities requires that tough ... on activities and objectives help guide the co...
- Word Count: 292
- Approx Pages: 1
- Grade Level: Graduate