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The 'strategy pyramid' is a strategic planning tool that helps businesses align their goals, strategies, and tactics. It's structured in three levels. The top level represents the business's main objectives, which are broad and long-term. The middle level represents the strategies, which are the approaches to achieve the objectives. The bottom level represents the tactics, which are specific actions to implement the strategies. Each level supports the one above it, forming a coherent and cohesive plan.
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Size offers protection. Suppose you are buying your way into a classical marketplace but do not have the scale to compete effectively; focus on a niche within the market. For example, Huawei first gained a position in China's rural telecommunication sector and used it to gain size and momentum before entering the competitive urban market.
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We live in a business world that is in constant flux. But when you learn and understand the five strategy archetypes and how to execute them, you will...
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