Strategy & Consulting Training - What is strategy

What is strategy? The goal of strategic planning is to gain a sustainable edge over competitors. It’s all about competitive advantage. So strategy is what you plan to do to gain a sustainable advantage over your competitors. Strategy is the way a company tries to differentiate itself from competitors using its relative to competitors corporate strengths (differences in functional and other strengths) to better satisfy customer’s objective function. Operational improvements can be viewed as part of business strategy. But for clearer thinking when we think about what is strategy, we should use “strategy” when we talk about how to make an organization stronger versus competitors. It’s about achieving and maintaining a position of relative superiority versus competitors. Good business strategy helps a company strengthen its position relative to competitors, at acceptable cost. Read related article: https://www.firmsconsulting.com/quarterly/what-is-strategy/ Free training episodes here: https://www.firmsconsulting.com/promo Our new channel @KrisSafarova - https://www.youtube.com/channel/UCCRZQJKBEdp58O7VhyJZr8Q // FC BOOKS Succeeding as a Management Consultant: https://amzn.to/3a3atTn Turquoise Eyes: https://amzn.to/3bzVa6g Marketing Saves the World: https://amzn.to/2xcJqYA Strategy Journal: https://amzn.to/2QGft9d Mavis: https://amzn.to/3iUkSWD ⭐ BECOME A PREMIUM MEMBER TO ACCESS MATERIALS ON STRATEGYTV.COM & STRATEGYTV APPS! AND GET ON A PATH TO BECOME AN FC INSIDER (ACCESS TO STRATEGYTRAINING.COM/STRATEGY TRAINING APPS) https://www.firmsconsulting.com/product/premium/ LOVE THIS VIDEO and CHANNEL? HERE ARE NEXT STEPS! 1) SUBSCRIBE to our channel! 2) SHARE THIS VIDEO WITH A FRIEND 3) SIGN UP FOR YOUR FREE TRAINING on Firmsconsulting.com/promo 4) LET’S CONNECT! ►Facebook: https://www.facebook.com/Firmsconsulting/ ►Facebook groups: https://www.facebook.com/groups/strategyskills/ and https://www.facebook.com/groups/firmsconsulting/ ►Instagram (company): @firmsconsulting ►Instagram (Kris's personal): @kris.safarova ►Twitter: @firmsconsulting Kris's bio: https://www.firmsconsulting.com/kris/ Our e-mail: [email protected] This video is all about what is strategy, what is strategy consulting, what is strategy in business, what is strategy formulation, strategy, business strategy, strategic management, strategic planning, strategy definition, corporate strategy, strategy meaning, strategic thinking, strategy tools, strategy development, business strategies, what is a strategy, the career mastery, functional strategy, strategy in business, company strategy, strategic, strategy development tools, strategic approach, creativity, business, institute for strategy execution, what is business strategy, strategy video, strategy explained simple, strategy explained, defining strategy, a strategy description, making a strategy, when is a strategy successful, why make a strategy, how strategies work, making a strategy for a company, what does a strategy describe, a strategy describes. // G E A R & OTHER AMAZON PRODUCTS WE LOVE All our Amazon FAVORITES: https://www.amazon.com/shop/firmsconsconsulting We use affiliate links whenever possible (if you purchase items listed above using our affiliate links, we will get a bonus). #whatisstrategy #whatisstrategyinbusiness #businessstrategy