THE BUSINESS ODYSSEY – Competitive Strategy

THE ART OF BUSINESS

“People in any organization are always attached to the obsolete – the things that should have worked but did not, the things that once were productive and no longer are.”
― Peter F. Drucker

“Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves.”
― Albert Einstein

Competition exists to choose who gets the prize when the prize can’t be shared. To prevail requires strategy. Business requires creating customer satisfaction and return on invested capital. The business environment is about competition. Securing profitable customers, suitable capital and qualified employees is not a consequence of happenstance; it is a consequence of strategy. The competition for customers1, capital or employees is typically a zero-sum game, there is only one winner. Every business employs a strategy though not necessarily explicit or successful. This issue of The Business Odyssey will share…

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