In the next few posts, we’ll take a look at “strategy” and provide a few questions for you to ponder upon. This is by no means a comprehensive treatise on business strategy, for that you can go here<\/a> or here<\/a> or read this book<\/a>, or sign up for a MBA program.<\/p>\n

The point about strategy is to be thoughtful,<\/em> and gain a competitive advantage<\/em>\u00a0via game changing<\/em>\u00a0choices and actions. Most of the questions relating to defining strategy are very simple, and a clear strategy will result in a simple answer. It is the simplification<\/em> that is the hardest part of defining business strategy.<\/p>\n

You may think if your strategy is hard to explain, it will be hard to copy. This is a myth. A lack of clarity is not a competitive advantage, it is a competitive disadvantage<\/em>, because you will lose your execution capabilities as your teams waste time trying to figure out how to align to the strategy.<\/p>\n

Your strategy is always on<\/em>, meaning, you are making choices whether you know it or not. You cannot not<\/em> have a strategy. Therefore, you might as well make it explicit, write it down, analyze it, communicate it, and plug gaps before you enter the execution phase.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the next few posts, we’ll take a look at “strategy” and provide a few questions for you to ponder upon. This is by no means a comprehensive treatise on business strategy, for that you can go here or here or read this book, or sign up for a MBA program. The point […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_s2mail":"yes"},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/2076"}],"collection":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2076"}],"version-history":[{"count":5,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/2076\/revisions"}],"predecessor-version":[{"id":2081,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=\/wp\/v2\/posts\/2076\/revisions\/2081"}],"wp:attachment":[{"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/strategyexecutioninstitute.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}