Ideas from books, articles & podcasts.
Focus is attacking a segment of the market with a system supplying more value to that part of the market than anyone else can.
To find a company’s focus, look at its distinctive policies and ask what all of those policies are aimed at.
Many large companies have no strategy and no focus.
Example: Crown Cork & Seal has fast response times and great technical assistance so they can do small production runs on short notice. This raises their costs but means that they’re the only bidder for companies that need a fast, small production run.
MORE IDEAS FROM THE SAME BOOK
A good strategy works by harnessing power and applying it where it will have the greatest effect.
A proximate objective names a target that the organization can hit or even overwhelm
A bad strategy isn’t miscalculation, it’s avoiding the hard work of crafting a good strategy. Good strategy means making priority choices.
Success isn’t just about what your organization does, it’s also about blocked or failed competition
This is the idea that positive thoughts help you achieve outcomes. Examples include The Power of Positive Thinking, Tony Robbins, Christian Science.
To generate a strategy, one must put aside the comfort and security of pure deduction and launch into the murkier waters of induction, analogy, judgment, and insight.
Airline deregulation: Even after deregulation ended, airlines used the same rules of thumb they’d used during the period of regulation
Consider the habits, preferences, and policies of others together with inertias and constraints on change
Systems have a chain-link logic when performance is limited by the weakest subunit or link.
Even after AT&T lost its position as a regulated monopoly, its old non-competitive routines stayed in place even after management wanted to shift the company to a competitive footing
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An epic thought by the writer of 'Good Strategy, Bad Strategy'.
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