Corporate strategy involves answering a key question from a portfolio perspective business should we be strategy involves answering the question: “How shall we compete in this business?”In management theory and practice, a further distinction is often made between strategic management and operational management. Operational management is concerned primarily with improving efficiency and controlling costs within the boundaries set by the organization’s strategy.
“The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.” —Ingvar Kamprad, IKEA founder
Our businesses and governments are becoming more efficient by investing in the IoT revolution. Industries like oil, manufacturing, agriculture, medicine, insurance, retail, and utilities are all actively innovating with IoT installs. Governments are improving the quality of cities and defense programs with smart, Internet-connected solutions.