Read the article "What Is Strategy?" by Michael Porter on this link: https://hbr.org/1996/11/what-is-strategyLinks to an external site..

And based on the article, answer the following questions on sheet of yellow paper to be submitted next face to face meeting:

1. What is strategy?

2. Is operational effectiveness a strategy? Why or why not?

3. Strategic position emerges from three sources. What are these? How are these connected to the concept of trade-offs?

4. How can you gain a competitive advantage?

5. What is the new concept of strategy?

6. What are the impediments to strategy?