Key Strategic LessonsĀ
- In a turnaround situation, long-term is short-term and performance is cash
- A key resource is management time
- A good long-term strategy also requires a strong short-term financial position
- Strategy formulation is painful
- Not a single solution to business problems
- No pure analytical solutions to business problems
4 Key Strategic Principles :
Selectivity & focus / Optimization of allocation of resources / Competitive advantage / Integrated effort.
Customer value
Customer Value as Economic Worth
Value is built into a product or service in the form of attributes and features
Value is the price that they are willing to pay
link untuk next week chapter 5