For the exclusive use of J. CO www.hbr.org What Is Strategy? by Michael E. Porter Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 What Is Strategy? 21 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Reprint 96608 This document is authorized for use only by James Co in Food and Agribusiness Strategic
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Record: 1 Title: What Is Strategy? Authors: Porter‚ Michael E.1 Source: Harvard Business Review; Nov/Dec96‚ Vol. 74 Issue 6‚ p61-78‚ 18p‚ 1 Black and White Photograph‚ 3 Diagrams‚ 1 Graph Document Type: Article Subject Terms: *STRATEGIC planning *ORGANIZATIONAL effectiveness *MARKET positioning *COMPETITION *BUSINESS planning *INDUSTRIAL management *ORGANIZATIONAL
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a few core eompetencies in the race to stay ahead of rivals. ing‚ partnering‚ rcungineer’ing‚ change manage- ment. Although the resulting op- erational improve- ments have often ^^^^ dramatic‚ many companies have Positioning-once the heart of strategy-is reject- ed as too static for today’s dynamic markets and changing technologies. According to the new dog- ma‚ rivals can quickly copy any market position‚ and competitive advantage is‚ at hest‚ temporary. But those beliefs are dangerous half-truths
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taken the place of strategy. As managers push to improve on all fronts‚ they move further away from viable competitive positions. Michael Porter argues that operational effectiveness‚ although necessary to superior performance‚ is not sufficient‚ because its techniques are easy to imitate. In contrast‚ the essence of strategy is choosing a unique and valuable position rooted in systems of activities that are much more difficult to match. In answering the question ‘what is strategy?’‚ some theorists
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WHAT WOULD YOU DO IF YOU WERE JUST ONE INHC TALL Being just an inch tall …. Sounds really strange‚ but if I were really such‚ I would really be very unique and special. All the equipments I would use had to be very diminutive. It might sound strange but I would have lots of leverage. I can go anywhere I wish to without a travelling mode. Just a small crumb of bread would be enough for my lunch and I can also explore many new things and get new experiences. If I wanted to go surfing‚ I
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Lab Report Schemas and Recall: What would you remember if you want to rob a house? Abstract Pichert and Anderson (1997) conducted an experiment to see if people would remember more schema related items than non-related items. This report is based on the same experiment using the hypothesis that those who have the burglar schema are more likely to remember items from the burglar list and same for the house buyer schema. By using 12 students as participants‚ half were assigned either burglar
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Nowadays‚ people are well equipped with many technology gadgets and items‚ so do I. If I was stranded on a deserted island‚ there would be unlimited things I would like to bring with me. However‚ since I can only bring three things‚ I would carry a knife‚ box of matches and a big jar. I believe those three things would help me surviving in such difficult living condition. First‚ a knife could be utilized in many ways. On such island‚ there could exist lots of wild and dangerous animals or species
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every minute‚ he climbs 12 m but slips down 8 m. How much time he will take to reach at the top? (A) 20 minutes (B) 22 minutes (C) 19 minutes (D) none of these 4. a b a a a b a a a (A) a b a (B) a a b (C) a b b (D) none of these 5. What was the day of the week on 15 August‚ 1947? (A) Tuesday (B) Wednesday (C) Thursday (D) Friday 6. If S = n(n 1) = 78‚ find the value of n. 2 (A) 32 (C) 13 (B) 12 (D) 6 7. A vertical stick 6 cm long casts a shadow 4 cm long on
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I decided to continue my education because of the experiences that I learned at work. Getting paid and being promoted for the first time was exhilarating‚ this has never ever happen to me and I loved it. The best part of getting paid was the reason behind it; I was just standing around for eight hours watching people work. As a manager I had to know how to repair mechanical and electrical problems of the product‚ keep track of inventory‚ and maintain production. Working with engineers‚ technicians
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partner) to the store address. You discover the store was robbed and the clerk has been assaulted. Several refrigerator units in the store have been damaged. A trail of broken beer bottles leads away from the crime scene towards a small wooded area nearby. How would you and your partner collaborate to maintain the integrity of the crime scene? Discuss what steps you would take to secure the scene(s). What are your priorities in doing so and why?
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