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SeptemBeR 2012
HBR.ORG
reprinT r1209e
Spotlight on Strategy
Your Strategy
Needs a Strategy
by Martin Reeves, Claire Love,
and Philipp Tillmanns
Spotlight on strategy
artwork nuala o’Donovan
Spotlight Radiolaria, Grid Yellow Centre, 2011
Porcelain, stained, unglazed, 36 x 24 x 36 cm
Your
StrategY
NeedS a
StrategY
by Martin Reeves, Claire Love, and Philipp Tillmanns
he oil industry holds relatively few sur- of nowhere, and the pace at which companies can
prises for strategists. Things change, of build—or lose—volume and market share is head-
course, sometimes dramatically, but in spinning. A major player like Microsoft or Google or
relatively predictable ways. Planners Facebook can, without much warning, introduce
Tknow, for instance, that global supply some new platform or standard that fundamen-
will rise and fall as geopolitical forces play out and tally alters the basis of competition. In this environ-
new resources are discovered and exploited. They ment, competitive advantage comes from reading
know that demand will rise and fall with incomes, and responding to signals faster than your rivals do,
GDPs, weather conditions, and the like. Because adapting quickly to change, or capitalizing on tech-
these factors are outside companies’ and their com- nological leadership to influence how demand and
petitors’ control and barriers to entry are so high, no competition evolve.
one is really in a positio
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