StrategyBusinessadvanced

Business Strategy

Tập hợp các quyết định và actions để achieve competitive advantage và create value trong market

strategycompetitive-advantagebusiness-modeldecision-making

Business Strategy không phải là một framework cụ thể, mà là concept về how to compete và win. Có nhiều schools of thought và frameworks khác nhau về strategy.

Core Question của Strategy

'How will we win?'

Strategy là về making choices:

  • Where to play (which markets, customers, products)
  • How to win (competitive advantage)
  • What capabilities needed
  • What management systems required

Strategy ≠ Goals

Goals: 'Increase market share to 30%' Strategy: 'Win by offering lowest cost through operational excellence'

Strategy là HOW, không phải WHAT.

Key Principles

  • 1Strategy is about choices - saying no to some things
  • 2Competitive advantage must be sustainable
  • 3Strategy connects vision to execution
  • 4Good strategy has clear logic (theory of success)
  • 5Strategy requires understanding customers, competitors, và capabilities

Examples

Southwest Airlines Strategy

Context: Airline industry

Where to play: Short-haul, point-to-point routes. How to win: Lowest cost through fast turnarounds, single aircraft type, no frills. Capabilities: Efficient operations, motivated employees. Result: Profitable for 40+ consecutive years.

Outcome: Sustained competitive advantage despite intense competition

Apple's Differentiation Strategy

Context: Technology

Where to play: Premium segment. How to win: Superior design + ecosystem integration. Capabilities: Design excellence, software-hardware integration. Result: Highest profit margins in industry.

Outcome: Market leader despite higher prices

How to Apply

  • Define where to compete (market selection)
  • Choose how to win (cost leadership vs differentiation)
  • Identify required capabilities
  • Align organization around strategy
  • Make trade-offs và prioritize resources

Resources

book

Playing to Win

by A.G. Lafley & Roger Martin

Clear framework for strategy choices

book

Good Strategy Bad Strategy

by Richard Rumelt

What makes strategy actually work