Cover for HBR's 10 Must Reads on Strategy (including featured article "What Is Strategy?" by Michael E. Porter)

HBR's 10 Must Reads on Strategy (including featured article "What Is Strategy?" by Michael E. Porter)

Harvard Business Review, Michael E. Porter, W. Chan Kim, Renée A. Mauborgne

Strategy & Business Development Team Structure & Work Methodologies

Summary

Key Facts and Insights from the Book

  1. Strategy is not merely operational effectiveness but rather a distinct way to compete.
  2. Differentiation and cost leadership are key strategic positions that organizations can use to gain a competitive advantage.
  3. The Blue Ocean Strategy presents a new way of thinking about strategy, urging businesses to create uncontested market space instead of competing in an existing one.
  4. Identifying and focusing on core competencies can give a competitive edge in a market.
  5. Strategic planning is an ongoing process, not a one-time event.
  6. Strategy execution is as important as strategy formulation.
  7. Using the Balanced Scorecard...

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