A good book to understand good and bad strategy with real life case studies from different companies. One-line summary - good strategy is not about some vision statement but set of coherent actions to tackle one or two identified critical issues. One example that stuck me was case of silver machine that churns silver coins is an advantage but not an competitive advantage. The former is more like a bond. An competitive advantage would accrue when either machine can be engineered to increase output or market be manipulated to increase demand.
No comments:
Post a Comment