Some strategies for maintaining competitive advantage in rapidly changing markets include hiring doers that energize others, making decisions quickly, delegating tasks and following through. It's also important for business leaders to understand the reality of markets, customers and resources, own the strategy process and use the operations process to design new programs and tie performance to incentives. These three core processes are the foundation of competitive advantage.
How do you translate strategy into results? Execution is both an organizational culture and a specif...
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