Strategy framework - michael porter what is strategy
Alternative Titles: Michael Porter What is Strategy
Located in: Leadership
Source: https://hbr.org/1996/11/what-is-strategy
https://www.intercom.com/blog/podcasts/intercom-on-product-ep07/?utm_source=pocket_mylist
- Unique activities: Find the differentiators that make sense for you.
- Similar activities: To be competitive, you need to match or improve upon your rivals’ important features.
- Coherent: Your various activities should fit together coherently – the sum should always be greater than the parts.
- Trade-offs: Clearly define the parameters of your product strategy – learn how to say no in order to set obvious boundaries and avoid bloat.
- The final two are timing and measurability. You need a timeframe that you’re working within and the goals should be measurable in some way.