“The company without a strategy is willing to try anything”
— Michael Porter
Simplified Meaning:
When a company doesn't have a clear plan or direction, it often jumps from one idea to another, hoping something will work. Imagine a captain steering a ship without a map or destination in mind; they'll end up sailing aimlessly, wasting time and resources. For example, a restaurant that doesn't know what type of food it wants to specialize in might try serving burgers one week and sushi the next, confusing customers and not becoming good at either. In your own life, having a clear goal can help you focus your efforts. Instead of dabbling in too many hobbies or job roles, pinpointing one or two passions will give you a better chance of success. So, having a strategy helps you stay focused and work towards specific goals rather than scattering your efforts in too many directions.
