Building Margin

92: Strategy Explained Simply

6 snips
Dec 19, 2024
Discover how identifying your organization's biggest constraint can unlock a powerful business strategy. Learn why prioritizing fewer, high-impact actions can lead to greater results, instead of getting lost in tactics. Uncover a straightforward approach to innovation and competitive advantage, enhancing value creation and transforming customer experiences. Streamline your strategic processes to propel your business forward.
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INSIGHT

Strategy Focuses on One Constraint

  • Strategy's core job is to focus an organization on solving its number one constraint.
  • Solving that constraint is essential or scaling will only amplify the problem.
ADVICE

Begin With The Problem, Then Test Options

  • Start strategy by identifying the strategic problem before any tactics.
  • Then explore options, test them quickly, and assess desirability, practicality, and economics.
INSIGHT

Define Where And How You Compete

  • Winning requires clarity on where and how you'll compete, including ideal customer profile.
  • Evaluate competitive behavior and resource returns before committing.
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