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Not Just Better, but Different – A Quote for the Day from Michael Porter on Strategy

First Friday Book Synopsis

Operational effectiveness (OE) means performing similar activities better than rivals perform them. Operational effectiveness includes but is not limited to efficiency. In contrast, strategic positioning means performing [.].

Porter 115
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Leaders Weigh in on Achieving Breakthrough Results – A Frontline Festival

Let's Grow Leaders

Organizations have many walls that hamper culture, development, and operations. “Sound strategy starts with having the right goal.” ” – Michael Porter. We all need effective strategy to win. But that strategy is dead letter unless you put it into action with projects. Follow Abby.

Follow-up 450
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How Your Leadership Team Can Slow Down to Speed Up

The Practical Leader

Things that matter most — team dynamics, key strategic priorities, and organization change and development efforts — are often crowded out by things that matter least — firefighting operational issues better managed by those closest to the action. Fall is a popular time for strategic planning sessions.

Team 69
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Are You Taking Care of Busyness and Working Overtime?

The Practical Leader

A similar study by The Economist Intelligence Unit of 343 business found “the firms that ‘slowed down to speed up’ improved their top and bottom lines, averaging 40% higher sales and 52% higher operating profits over a three-year period.” Busyness reduces engagement and increases absenteeism.

Kaplan 52
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The Best Companies Know How to Balance Strategy and Purpose

Harvard Business Review

Before the iPhone was introduced, in 2007, Nokia was the dominant mobile phone maker with a clearly stated purpose — “Connecting people” — and an aggressive strategy for sustaining market dominance. Nokia was so immersed in executing its strategy that it lost sight of its purpose. Insight Center.

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The State of Strategy Consulting, 2011

Harvard Business Review

Among my questions to them: How are you thinking about strategy these days? Some tentative conclusions: There is not much of a market for stand-alone strategy studies any more. Strategy has triumphed, the installed base is huge, no self-respecting company would be without one. This poses a dilemma for consulting firms.

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The Skills Doctors and Nurses Need to Be Effective Executives

Harvard Business Review

Maximizing the effectiveness of physicians and nurses in these new positions, however, will require different skills than the ones they developed during their clinical training. Many clinicians manage a small operation in the form of their own clinical practice or ward before shifting to leading larger operations.