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Odds listed on OLBG are subject to change. Always check the odds you are receiving at the point of confirming your bet. If you click through to any of the betting sites or casino sites listed on this site then OLBG may receive a payment https://satisfactionhearing.com/blog/zeus-god-of-thunder-real-money-slot/. Free bets and casino offers are subject to terms and conditions, please check these thoroughly before taking part in a promotion.

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Winning strategies

Insight into how your rivals’ competitive economics differ from yours is one of the hardest and most important things to understand. How does scale help if they are much bigger? If their assets or personnel productivity is higher, how far can they reinvest it in pricing against you? Is their sales mix more favourable across portfolios, geography, channels and the like? What’s their real marketing spend, and how does that influence your customers’ willingness to pay for their products?

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Insight into how your rivals’ competitive economics differ from yours is one of the hardest and most important things to understand. How does scale help if they are much bigger? If their assets or personnel productivity is higher, how far can they reinvest it in pricing against you? Is their sales mix more favourable across portfolios, geography, channels and the like? What’s their real marketing spend, and how does that influence your customers’ willingness to pay for their products?

June 27, 2017Business strategy is all about using uncertain information to make unalterable choices that best create and capture economic surplus. A successful strategist must find and exploit opportunities that establish and protect a sustainable advantage. Otherwise, the economic surplus will be snatched up by other industry players such as competitors, suppliers, channel drivers, and customers.

Strategy is about long-term success; it is not about quick wins – although great if they do happen! The vision has to be clear at every moment of the journey, be consistent and mindful of the market’s ebbs and flows. We often have this view of strategy as a set of slides dusted – off every five years. A strategy needs a set of checkpoints that keeps the business on course, so check it as often as necessary, and certainly following (or in anticipation of) market shake- ups.

Retail businesses are great examples. A lot is observable by visiting competitors’ stores. Traditional retailers – even mighty Wal-Mart – are being disrupted by online players. But some innovative brick and mortars also compete differently. Costco charges an annual fee; Wal-Mart doesn’t. Costco’s large package sizes attract bigger baskets, require less replenishing time and allow faster checkout, which drive significant efficiency and help sales per square meter, making more of fixed costs. Aldi has another way to disrupt many giants. It has real scale for each SKU it manages by focusing on fewer SKUs and only some branded ones. Aldi also limits fresh produce that requires more service and costly cold-supply chains with higher shrink. It standardizes the simple look and feel of the stores, which are cheaper to build and maintain. Differences such as these allow the likes of Costco and Aldi to offer customers lower prices than bigger supermarkets with greater purchasing power can.

A clear definition of strategy is foundational, but leaders also need a framework to ensure their thinking is comprehensive and coherent. Strategy is not simply about addressing immediate problems or pursuing isolated opportunities — it’s about making interconnected decisions at multiple levels of the organization.

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