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Which Strategy When? (How to Choose the Right Strategy (Understand Your…
Which Strategy When?
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The Leverage Strategy
Leverage strategies can focus on refreshing and consistently deploying core resources in current markets
Leverage strategy is not only about expansion. Sometimes, it makes sense to pull back and rede- ploy resources.
A primary challenge of creating competitive ad- vantage with a leverage strategy is updating the resource portfolio as industries change.
The Opportunity Strategy
In contrast to stable industries, dynamic industries are characterized by superabundant flows of fast-moving but often unpredictable opportunities
In contrast to the fortress and chess views of strategy, pursuing an opportunity strategy is like surfing
Comes from capturing at- tractive but fleeting opportunities sooner, faster and better than competitors.
The Position Strategy
competitive advantage depends first on choosing a valuable and unoccupied strategic position in a given industry,
Second on creating and linking company resources
to defend that position. A valuable strategic position drives superior profitability through the ability to either boost prices