Strategy: the study of the fundamental determinants of potential business value.
Strategy can be usefully separated into two topics:
Statics—i.e. “Being There”: what makes an enterprise business so durably valuable?
Dynamics—i.e. “Getting There”: what developments yielded this attractive state of affairs in the first place?
Power: the set of conditions creating the potential for persistent differential returns.
strategy: a route to continuing Power in significant markets
So the first tied back to value, while the second to Power.
A Strategy framework must be “simple but not simplistic.”If not simple, then concepts cannot be easily retained for day-to-day reference—usefulness is lost. If simplistic, then you risk missing something crucial.
Focus on both Strategy and strategy for your enterprise.
Adapted on Hamilton Helmer’s work in 7 powers
Thinking Space 