Business Strategy
Smart Planning
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Sure, it sounds good and it looks good. But does it create real business value? Does it create a significant barrier to entry for competitors? Does it benefit your various stakeholders? Does it make sense in the context of your existing business? Does it make you money? Does it properly position you for the future? This is business strategy. And it requires a rare combination of sharp business acumen and creative sensibility to analyze what's happening now and predict what will happen going forward.