What is strategy - Michael porter - HBR article summary

[@syedsabir4574]

This is exceptional stuff sir.. thank you. I have already spend 7 hours to read this article..still something were missing... You explain it very well ☺️

[@DrLaylaAlali]

Great explanation !

[@manjusha1513]

Thank you so much sir . Great clear cut explanation !!

[@KunalCholera]

Glad you liked it @Manjusha. I am curious what got you interested in this topic?

[@mahtabmmb]

Very helpful thank you!

[@adeshshah28]

very helpful. thank you.

[@selmanemoustapha5976]

Many thanks for the summary, I'm an english beigner but it's ok Thanks again sir 🙏

[@sajiyaakter1527]

THANK YOU!!!!!

[@prachishakya]

Thanks. Very well explained.

[@DrLaylaAlali]

Are these slides available at all? If possible please

[@KunalCholera]

docs.google.com/presentation/d/1Cbgj0hH0FcJdzRjlfBqo5J8hELJQ2zhbzuR5gyc0Cjc/edit?usp=sharing

[@khaledalkayed]

Thanks

[@carlos110458]

Isn't operational effectiveness a strategy? Maybe. I think M. Porter is brilliant. But this is an important issue to analyze. When it comes to the Japanese industry in the 80s and 90s. Toyota has always had a strategy. After the oil crisis, it launched and exported smaller cars that consumed less. In addition, of course it had a strategy and especially a positioning. Toyota's business system was to be superior in its operational and management systems. It had unique systems. Its STP/JIT, TQM fitted into its entire arsenal of practices and systems that enabled: Customer Focus, Continuous Improvement (innovation) and Everyone's Participation. With this, it is known that its performance was superior and that is why Toyota beat the 3 main American car manufacturers. No one could beat it.

[@KCProff]

Thanks @carlos110458 for detailed reflection. I agree with you Toyota always had a strategy like you said with smaller cars/fuel efficient and lower cost. In my mind the key distinction between Operational effectiveness and Strategy is - Operational effectiveness is doing the activities you do in the *best* possible way which I think would be needed for any strategy. Vs Strategy tells you what activities *you will do* effectively and what *you will not do* which I think Mr Porter is also suggesting in this article, so both go together.

[@KunalCholera]

True