Fact of the Day 1

Share this post
March 29: What Is Strategy? (Part 1 of 2)
www.factoftheday1.com

March 29: What Is Strategy? (Part 1 of 2)

“The essence of strategy is choosing what not to do. Without tradeoffs, there would be no need for choice and thus no need for strategy.” - Michael Porter

Danny Sheridan
Mar 29
Comment2
Share

Source: Harvard Business Review (pdf)
Published: November 1996

What Is Strategy? (Part 1 of 2)

Harvard Business School professor Michael Porter defined “strategy” in his classic 1996 article on the topic.

“The essence of strategy is choosing what not to do. Without tradeoffs, there would be no need for choice and thus no need for strategy.” - Michael Porter

Strategy is:

  • Choosing to perform activities differently than rivals do.

  • Proactive choices in the variety of products your business provides, the customer segments it serves, and the market channels it uses.

  • Outperforming rivals by establishing a difference you can preserve.


Are you hiring tech talent? Email me to feature your job in this newsletter.

Comment2
ShareShare

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

David Robinson (ddavidr)
Mar 29Liked by Danny Sheridan

An area I have the hardest time with, not doing something until confirming its on the critical path.

Expand full comment
Reply
Sid Jain
Mar 29Liked by Danny Sheridan

Well said - thanks for sharing!

Expand full comment
Reply
TopNewCommunity

No posts

Ready for more?

© 2022 Fact of the Day 1
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing