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Thursday, August 17, 2006

Strategy, Planning and Execution

Success in business is really not that complicated.

In business - there are only three requirements.

You need three things, clear and unambiguous, no less, no more and - in exactly this order.

  1. A Strategy. As Michael Porter conveys it: "What value are you to deliver to what customers and how are you going to be different?"
  2. A Business Model. As in "and how are you going to use your resources to deliver that value and how are you going to keep some of the value yourself?"
  3. A Way to Execute.

BOTTOMLINE: Sometimes... simplicity is best.

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