*NOTES* Start by figuring out how to provide unique value to the customer you are trying to serve. You can either produce at a lower cost OR sell at a higher cost and be unique/different. How you configure your value chain is what will determine your comparative advantage & whether you will sell at a lower cost OR sell at a higher cost and be unique/different. Operative effectiveness is crucial to your business, but it's not necessarily your strategy or sustainable as you'll just end up competing on effectiveness/price. Your strategy should be in strategic positioning. Unique Value Proposition is about 3 things. Who are you going to serve? What needs are you going to meet that those customers have? What are you going to charge; cheap / premium. Trade-offs are essential to a strategy; what potential customers will you ignore, which ones will you focus on, what needs will you cater to, what needs will you ignore etc. Once you've come up with your strategy, stick to it. Don't keep changing it as it will get confusing for you, your customers and your suppliers.
@archimedesfernandes7 жыл бұрын
Very good spceech
@florencemalama89834 жыл бұрын
C. Lincoln very helpful
@ahsanmohammed13 жыл бұрын
Great. Thanks. Add to that Some industries are more lucrative. Industry selection is a part of strategy.
@strategyadvisoryboard5 жыл бұрын
Great
@JapaneseStockInvestor7 жыл бұрын
MR. MP. You are marketing god.
@kvmcost6 жыл бұрын
Thank you sir. A clear presentation by Prof.
@hannajoycecausaren54632 жыл бұрын
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@maamriabassem38187 жыл бұрын
Link to the slides fellas www.hbs.edu/faculty/Publication%20Files/2012-0802---World_Bank_Strategy_c2726162-7d36-400b-938c-a87119f5ccac.pdf
@thandonhlabathi32226 жыл бұрын
thanks bruv
@aashusingh21577 жыл бұрын
Enlightening video!!
@charliv.57925 жыл бұрын
good topic
@charliv.57925 жыл бұрын
wow i didn't know that good machine contributed towards raising operational effectiveness
@naynyinyinaing45672 жыл бұрын
Thanks you Sir ...
@stephenisa5117 жыл бұрын
This a great exposition
@rudymazariegos85853 жыл бұрын
Still relevant in 2021.
@ekambaramravishankar88667 жыл бұрын
Can someone help with link to get the slides as PDF