Making Trade Off — Integral part of STRATEGY
Michael E Porter, the guru for strategy…details the second principle of Strategy.. “Making Trade off”…as an integral part of strategy to gain a sustainable advantage over competition.. there are lot of case studies on how organizations made trade off on volume or high price etc., to gain sustainable advantage..
What about “Making Trade Off” in personal lives… I think this is a key integral part of our life, In our short journey in this world, many of us tend to achieve the same thing what others have achieved, we would like to have what ever is in front of us…Is it leading to something exceptional life? When we look at great leaders…we ourselves can find they made “big trade offs” to leave a legacy and be different.!