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“Strategy demands development of appropriate and necessary competencies” - Avinash Bhandari Companies that develop competencies or capabilities consistent with the chosen strategy tend to perform better than the companies where this fit is not as strong. When the required competencies or capabilities needed to support the strategy are not developed,

“Strategy development and strategy execution should not be treated as silos” - Avinash Bhandari The strategy development and strategy execution are highly interdependent. However, in the real world, the two are treated as separate silos. While formulation effects execution, the execution also in turn affects the changes to the strategy

“It is important for business leaders to simultaneously look at CURRENT and FUTURE profit zones” - Avinash Bhandari Where will I make my profit tomorrow? It’s not enough for today’s business leaders just to look at where the current profits are coming from. He/she simultaneously needs to look at where

"Your core competence assumptions must be accurate in order to build a robust and executable strategy" - Avinash Bhandari A typical strategy development exercise is preceded with a SWOT ( strength, weakness, opportunity and threats ) exercise. However, many companies are not clear as to what their core competence is

"Strategy is about building and strengthening business moats" - Avinash Bhandari While a company develops a prudent business design to achieve profitable growth, it must simultaneously look to develop strong moats. The purpose of the moats is to protect the profit stream that the business design creates. Moats will provide

“If your team cannot tell your company’s strategy in 50 words or less, your company success will just be a matter of chance” - Avinash Bhandari Interestingly, companies where executives can tell their strategy in a concise manner tend to be more successful than the ones where the executives cannot. 

“Benchmarking is not strategy” - Avinash Bhandari The last 2 decades in manufacturing and many other industries have been about benchmarking. Every manager trying to replicate the industry best practices. Every manager trying to achieve the efficiencies, productivity, and quality at par with the industry leader. The quest for higher