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Hermès
Acquired
Understanding business strategy - Michael Porter
Every decision in business involves trade-offs, implying the need to choose priorities wisely. Strategy is about acknowledging strengths and weaknesses, understanding that doing everything simultaneously is impractical. By addressing the real problems in the business, the sixth generation of PRLX and XL not only fixed issues but also navigated the company into a new era of growth, significantly boosting market cap. Their approach exemplifies a key principle: making strategic decisions that consider the impacts and consequences.
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