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Lead with a Coherent Strategy

Coaching Tip

They then hone a distinctive system of capabilities – one competitors can’t match – that will enable the company to deliver on its value promise and sustain lasting competitive advantage. . Bringing on more fixed assets, instead of building market-leading capabilities. Leaders must compel the organization to choose.

Strategy 178
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Resolution 2011: Make Your Strategy Coherent

Harvard Business Review

Putting Capabilities at the Foundation of Your Competitive Advantage. Competitive advantage stems from what the company does better than any other and from using those capabilities over and over again to create value for customers. That's because winning strategies don't start outside the company.

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The Three Decisions You Need to Own

Harvard Business Review

While the obvious decisions that CEOs need to get right involve strategy and competitive advantage, too many executives delegate away three critical decisions that they need to own: decisions about goals, resource allocation, and people. The best executives understand which ones they need to focus on and which ones they can delegate.

P&L 8
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How Likely Is Your Industry to Be Disrupted? This 2×2 Matrix Will Tell You

Harvard Business Review

Previously strong barriers to entry have perished; fixed assets such as car fleets, hotels, bank branches, and landline infrastructure have become weaknesses. One way is by reducing dependence on fixed assets. Another is by taking underused assets and monetizing them. Consider the newspaper-publishing industry.

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Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

Further, they need to limit their focus to, at most, six capabilities, and make those capabilities work together as a mutually reinforcing system that perpetuates competitive advantage. Assets are important, but they are, increasingly, table stakes in most competitive industries; everyone in the game has them.

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What It Takes to Be a Great Employer

Harvard Business Review

How crazy is it that companies are willing to invest in preventative maintenance on fixed assets such as their machinery, but typically won't make a comparable investment to enhance and sustain the health and well-being of their employees?