Michael Porter Principles Of Strategy

According to Michael Porter, many people are confused between the strategy and the goal. For instance, many times he had heard from people that my strategy is to be number one or number two in the business. This is a goal not a strategy. The strategy is how? What set of choices do people make which would produce the competitive advantage that would enable them to be in ultimate market position or growth rate that people are up to achieve. When people think about strategy, they also have to recognize that strategy is holistic. It is not about any single action that people might want to take. Mr. Porter, had heard people say all the time that the strategy is too internationalize, or to be a technological leader but those are not strategy, those

In order to be uniquely good at delivering some kinds of value one must has to be deliberately willing to choose not to offer other kinds of value, and all great strategy involves this trade-off. One of the most important principles of strategy is, a great strategy involves making customers unhappy, and which customers one wants to make really happy by meeting their needs and then not worrying one cannot please everybody. Strategy is fundamentally about choice. It is choosing who a company or an individual is trying to deliver value for, it is choosing how to configure the activities in the business in order to achieve that and it is choosing what not to do. There is no best way to compete. If the benefits of strategy are going to be realised in any organization, the strategy cannot be a secret. Repeating over again and again and communicating is one of the strategy. Strategy is the responsibility of a leadership, up and down in organization, as leaders people have to distinguish operational improvement and strategy, people have to keep those things straight. People have to understand the key principles if one is running a business, then that individual is the one that has to make choices, communicate about strategy, maintaining discipline. Strategy should be allied, strategy is tested every day whether a person is clear, whether a person understood trade-off, should understand the choices done and stick with those choices. Project and program manager do is embedded in strategy, the thing is which one could improve both the connection and understand the connection is going to have a big impact on the ultimate power of whatever it is, that is running. An individual’s job is to help to make a two-way process of deepening and understanding so that the organization gets greater power