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View Poll Results: What is Strategy ?
Creation of a unique & valuable position, involving a different set of activities 35 46.05%
make trade-offs in competing—to choose what not to do. 6 7.89%
involves creating “fit” among a company’s activities 7 9.21%
All of above 35 46.05%
Multiple Choice Poll. Voters: 76. You may not vote on this poll

Rivals can easily copy your improvements in quality and efficiency.
But they shouldn’t be able to copy your strategic positioning — what
distinguishes your company from all the rest.
HBR Article

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From India, Pune
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File Type: pdf What Is Strategy.pdf (452.3 KB, 373 views)

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Very good article which differentiates operational effectiveness from Strategy .It answers critical aspects - why is Operational efficiency important but not sufficient , what are limitations faced by organizations focusing on Operational efficiency and lacking strategic insight . Like rapid diffusion leading to competitive convergence and resulting in zero sum game.It explains origin of strategic positions with their pros and cons. It also provides insight into what not to do in strategy .It talks about why strategies fail and issues like
1. Trade-off’s seen as sign of weakness
2. Pressure of Operational efficiency on strategic positioning
3. Herd mentality of managers
4. Growth trap of managers.
Limitations of paper is it does not define strategy holistically and only giving insight on market positioning aspect

From India, Bhopal
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Hi Sacheen,

I believe all the explanations provided in the poll indicate what can be incorporated into a strategy and do not involve the basic understanding of strategy.

Yes, it is true that companies need to execute strategy in a way that makes it difficult for others to copy. However, isn't it also true that companies often struggle to develop proper strategies due to a lack of understanding of present operational efficiency, a clear grasp of Market Dynamics, and a lack of vision?

Organizational culture, which is challenging to imitate, is also being replicated rapidly due to the intensifying competition and the race among companies to retain top talent.

Considering the aforementioned perspectives, I think operational effectiveness still plays a significant role in strategy development and should not be underestimated as suggested by the author, Mr. Porter.

These are all personal viewpoints. Any additional insights or contradictions would be appreciated :)

From India, Hyderabad
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Thank you for sharing good information on Strategy. Very Useful.
From India, Mumbai
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