Strategic Planning

Strategy: Seeking and Securing Competitive Advantage by Michael E. Porter

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By Michael E. Porter

What makes up a good method? This number of "Harvard enterprise Review" articles deals perception and useful recommendation from the leaders within the box: Michael Porter, Kenichi Ohmae, Steven Wheelwright, Gary Hamel, and C.K. Prahalad, between others. They express how virtue can and may be extracted from many resources, from advertising and marketing and joint ventures to monetary research. method presents managers with the simplest pondering on hand on how one can make the serious judgements that be sure enterprise luck. it's a "Harvard enterprise Review" book.

About the Author

Michael Porter acts as one of many international financial Forum's worldwide Competitiveness Report's fundamental editors

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Strategy: Seeking and Securing Competitive Advantage

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Expanding, not narrowing, horizons: the empowered boomers have a big-picture view, so they will continue to reach out and grow. Meanwhile, labor shortages will create market forces around empowered workers. Most of the labor shortage will be in the knowledge industry, and many companies are exploring ways to connect virtually with educated labor pools in India and other parts of the developing world. Immigrants are likely to fill in any blue-collar shortages, although the politics of immigration will be volatile.

The boomers will rethink and reform the notion of careers for fifty-plus in several key ways: 30 FO R E S I G H T • Working older: don’t expect the boomers to stop working, unless they get bored. • More health expenses and investments in health: chronic disease meets longer life. • Lower levels of government support: Social Security will not be enough. • Expanding, not narrowing, horizons: the empowered boomers have a big-picture view, so they will continue to reach out and grow. Meanwhile, labor shortages will create market forces around empowered workers.

Insight is the core element of any good strategy, but insight is scarce, and it doesn’t just happen. Insight is most likely to happen as a result of hard work, open-mindedness toward future possibilities, intuition, and a touch of serendipity. Insight must be communicated clearly so that not only you understand it but so also do those whom you need to engage. Introduction Learn when to act and how to learn from your actions. 9 Decisions still need to be made in the world of dilemmas, but leaders must be tuned to the emergent realities around them in order to decide what to do and when to act.

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