focus – focus – focus

opportunity 95 of 150   The success of a strategic competitive advantage in delivering differentiation is in no small way dependent of the nature of that strategic competitive advantage and how focused it is.   Michael Porter, Professor of Strategy at Harvard University, would suggest that the more focused the strategic competitive advantage, the better. […]

opportunity 95 of 150   The success of a strategic competitive advantage in delivering differentiation is in no small way dependent of the nature of that strategic competitive advantage and how focused it is.   Michael Porter, Professor of Strategy at Harvard University, would suggest that the more focused the strategic competitive advantage, the better. Porter recommends a very narrow scope.   I would add to this that businesses should resist the temptation to develop a long list of strategic competitive advantages. Very few businesses have the capability to deliver on more than one strategic competitive advantage.   A single focused strategic competitive advantage is generally easier to:   adapt leverage sustain believe   The strategic competitive advantage needs to address the needs and wants of the primary target market – delivering a differentiation that is relevant to that market. Focus makes this easier.   The business should, ideally, leverage…

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Five Tips For Reducing
The Cost Of Branding.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

1. Get out of the boardroom.

Perhaps the two most concerning issues about branding are the lack of understanding about what brand and branding are and the propensity to develop brands in the boardroom, perhaps with the help of a consultant.....

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