by John Boudreau | Nov 27, 2020 | Uncategorized
In the last post, we said that you have two basic strategy choices: Compete on cost – be the lowest cost provider in your market Complete on differentiation – offer something your competitors do not. If you are competing on cost, it is a race to the bottom...
by John Boudreau | Nov 26, 2020 | strategy
According to Porter, “The essence of strategy is choosing to perform activities differently than rivals do”. We used this definition to make the case for why you need a strategy. If you are not performing activities differently than your competition, you really don’t...
by John Boudreau | Nov 25, 2020 | strategy
The short answer is, “yes” and even more so if you expect to be in business for a long time. Taking the definition from an earlier blog post, let’s define strategy again. According to Porter, “The essence of strategy is choosing to perform activities differently than...
by John Boudreau | Nov 24, 2020 | strategy
So much has been written about the importance of “vision”. People like Elon Musk and Jeff Bezos are called “visionaries” So what is vision and is it really that important? Think of vision as a picture you paint of the future. The best visions bring clarity and help...
by John Boudreau | Nov 23, 2020 | strategy
Here’s a question for you. Do you have set goals for your business? If so, does that mean you have a strategy? According to Porter [1], “The essence of strategy is choosing to perform activities differently than rivals do.” So why should we listen to Porter? Why does...
