What is Strategy?

This 1 minute clip from Micheal Porter is a must see for each of us to learn what strategy really is!

Category:

Science & Technology

Tags:

• MBA
• Micheal Porter
• Strategy
• Management

[chaydangtroi]

What are the 2 other mistakes?????

[maverickashhar]

Amazing clarity of thought. Strategy explained in the simplest of ways!!

[anakmudajaman]

I Love The Video It Can Increase My Knowledge This 1 minute clip from Micheal Porter is a must see for each of us to learn what strategy really is!

[AntoMelta]

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[willamricard]

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[imegatrone]

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[bundawartini]

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[GG8]

Why do there have to be so many different definitions of strategy......

[BirminghamTube]

'Like' if David Orton (Strategy Lecturer) from De Montfort University, Leicester bought you here. 

[billywhizzr1rider]

@TebanBrinx I think a strategy is best thought of as a 'theory of the firm'. These are the constraints that you are going to work within that define you as a company. Thus LVMH revenue strategy is low volume, high margin whilst Wal-Mart is high volume, low revenue.

Your definition is the definition of a plan.

I dare say a Harvard Prof knows more about strategy than referring to a commonal garden dictionary. In fairness, he doesn't even get a chance to explain the two other limitations...

[TebanBrinx]

The Speaker says: "The steps we take are not the strategy," just look at the definition of strategy in the dictionary to discover that the speaker confuses the definition of (goal or goals) with-strategy. A strategy is a set of systematically planned actions that take time out for a particular purpose.