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How Your Leadership Team Can Slow Down to Speed Up

The Practical Leader

An old fable tells of a farmer with a wagon brimming full of cabbage heading to a new market. He stops for directions and asks, “How far is it to the market?” For decades, Harvard professor Michael Porter has studied, written about, and consulted top companies and countries on competitive strategy.

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Your Stop List - Deciding What NOT To Do

Six Disciplines

According the Harvard strategy expert, Michael Porter: "The essence of strategy is deciding what NOT to do.". One way to test how committed your organization is to your top goals is to get agreement on the projects and priorities in the organization that can be stopped. They need to learn what to stop.”

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Five Common Strategy Mistakes

First Friday Book Synopsis

To read the complete article, check out the wealth of free resources, and sign up for a subscription to HBR email alerts, please click here. * * * I just finished a two-year project looking at Michael Porter’s [.].

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Why Porter's Model No Longer Works

Harvard Business Review

These two key functions — Marketing and Service — are regularly discussed as shaped by social era dynamics. While social media doesn't shift Porter's model , the social era surely does. Big had the dollars to buy the mass-market access to consumers back when mass media was the only way to reach an audience.

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What is the Price?

Kevin Eikenberry

Not just if we are a business owner, Brand, Marketing or Sales Manager, or someone else traditionally responsible for price, but for all of us as leaders, thinking about how people invest of themselves, their time, energy and more. I’m looking forward to reading it (my copy is on the way) and after I’ve read it I will share more.

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20 Interesting Behaviors of Strategy Tourist

Strategy Driven

This gives you enough money to fund you pet projects or cut costs without any effort when you are forced to do so. Blame the market, other departments or poor IT-systems for the fact that you are not taking brave, independent action. Fervishly promote work-life balance. Call it a learning experience or talent exchange.

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Five Common Strategy Mistakes

Harvard Business Review

I just finished a two-year project looking at Michael Porter's most important insights for managers. Understanding Porter's strategy fundamentals will help you to avoid them. Confusing marketing with strategy. But as important as it is to have insight into customers' needs, don't confuse marketing with strategy.