Learn more about strategy with this collection
How to focus on the present moment
How to cultivate empathy and understanding towards others
How to set personal and professional goals
Core competencies are activities in the value chain that create economic value, that are rare among a firm’s competitors, and that competitors find difficult to imitate.
Technologies by themselves are not core competencies. But actions firms take to exploit these technologies can be core competencies. And they can sometimes be a source of sustained advantage.
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The five forces framework does a great job of helping to identify the competitive threats in an industry. But using this tool to estimate the overall attractiveness of an industry is usually not that helpful.
The five forces are kind of like the wind, the direction that com...
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There are a number of reasons why it may be difficult for one firm to imitate the strategy of another, such as…
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Three things to think about when considering cooperating with other businesses within a firm to gain synergies:
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The Five Forces model is widely used to analyze the industry structure of a company as well as its corporate strategy. Porter identified five undeniable forces that play a part in shaping every market and industry in the world, with some caveats. The five forces are frequently used to mea...
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All of the theories, frameworks, and tactics you learn in business school have their limitations. This is a book about how strategic decisions are made in the real world
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