strategic

Competitive forces = the underlying drivers of profitability P.25

Understanding industry structure is also essential to effective strategic positioning P. 26

The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. The most salient force, however, is not always obvious. P. 26

In essence, the job of the strategist is to understand and cope with competition. P. 25

A strategic victory seen as luck by laymen.

Understanding the competitive forces, and their underlying causes, reveals the roots of an industry__ current profitability while providing a framework for anticipating and influencing competition (and profitability) over time. P. 26

With a clever strategy, each action is self-reinforcing. Each action creates more options that are mutually beneficial. Each victory is not just for today but for tomorrow.

Strategy is not really a solo sport _ even if you__e the CEO.

Following the rules of your industry will only get you so far.

A military leader thinks about casualties and losses, but a strategic one only aims the win.

Love spiritually, not strategically.

Give serious thought to why your company should care about your strategy. Specifically, find problems that the board wants to be solved. What are senior managers scared of? Part of becoming a credible strategic thinker is learning effective approaches to selling ideas for your situation. You__l know that you__e getting better at selling (or pitching) strategy when managers start coming to you when there is strategic thinking to be done.

Wine gives one 'ideas,' whereas champagne gives one 'strategies.

If you don't have the right support form the right people you are always going to be the best choice and not the preferred choice.

Working hard doesn't necessarily mean being productive, unless it is accompanied with an effective strategic plan of action.

Corporate strategy is usually only useful if you get people engaged with helping you to make it work.

Strategy and culture should have breakfast together.

It is important to have a dream, but a dream is absolutely nothing until you start to consistently give life to it through strategic actions.