65: 4 Fundamentals of Strategy You Must Know

In this episode of "Business Strategy," I dive deep into the fundamentals of crafting winning strategies that transform companies into iconic and highly profitable entities. We'll start by clarifying a common misconception: strategy and strategic planning are not the same. Strategic planning is the execution phase, but you need a solid strategy first.I break down the essentials, starting with defining your business's purpose and principles. Understanding your strategic problem is crucial—this...