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A Porter phrase that quickly became part of the strategy lexicon to describe a strategic trap companies fall into when they refuse to make trade
A Porter phrase that quickly became part of the strategy lexicon to describe a strategic trap companies fall into when they refuse to make tradeoffs when they try to be all things to all customers. The problem is that when you try to offer types of value that are inconsistent, you will inevitably fail to be as efficient or effective as a more focused competitor that has been willing to tailor its activities to deliver that unique value.
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