What Are the Three Elements a Manager Should Consider When

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The Answer is As a manager develops a strategy, he or she needs to consider three elements: (1) choosing a set of activities, (2) managing trade-offs, and (3) creating fit among activities. First, the manager must realize that competitive strategy is primarily about being different, not about operational efficiency. Second, while it is imperative to choose a set of unique activities, the manager must also decide what not to do. In other words, the manager must make trade-offs in the formulation of strategy. Finally, the manager must create a solid fit among the activities so that the product or service being offered cannot be easily copied by competitors. The activities must be sustainable and interlocking to produce a product or service the customer wants.

What Are the Three Elements a Manager Should Consider When

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What Are the Three Elements a Manager Should Consider When

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