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In his landmark 1980 book  Competitive Strategy , Harvard professor Michael E. Porter laid out three different types of strategies in business: differentiation, overall cost leadership, and focus. Any of these business strategies can be effective in the long term, but each has its own priorities for resource allocation. Which fits your business growth model? Differentiation Companies undertaking this strategy must prove to the customer that they are different (and better) than the competition. A differentiation business strategy is less concerned with price. Your company can command higher prices for products or services because they stand out in some way; they are worth the extra money. Your long-term strategy is to cut costs in the areas that don't contribute to your differentiation, so you can remain cost competitive. Starbucks, for example, charges more for its coffee than Dunkin' Donuts. But it differentiates itself by focusing on high-quality products and sustainability, ...

There are perks to leadership but there is also a price to leadership.   And that price is steep.  There is pain, sacrifice, disappointment, sweat, hard work, time, obstacles and financial responsibilities.  But what all successful leaders know is the price is more than worth it. I was reminded of this fact after watching the video above.  After defeating the Indianapolis Colts 42-7 to win the NFC East championship, the Dallas Cowboys head coach Jason Garrett delivered the following post-game speech. As I listened to Garrett’s words, I gleaned the following  13 Reasons Everyone Should Want To Be A Leader: Leaders Get To Celebrate Accomplishment  – The Cowboys were experiencing sheer joy as they left the field and entered the locker room. Leaders Have Stronger Beliefs  –  Because of the responsibilities leaders have, they simply own things at a deeper level than others.  Coach Garrett acknowledged, “I just believe this from the bottom of ...

Becoming a great leader isn’t something that happens overnight, but it can be achieved through discipline, hard work and a commitment to improvement through experience. Great leaders aren’t born, as some people suggest; instead, they are shaped over time. And, while what makes a “great” leader in one application doesn’t always apply to others, there are some general rules that all great leaders follow. Related: What Leadership Is -- And What It Is Not If becoming a great leader in your own business or organization is your goal, these 50 rules are a good place to start: 1. Listen to your team.  Rule one. Always listen to what your team has to say, even if you don’t like it. 2. Communicate as efficiently as possible.  Make your expectations and feelings clear, in the appropriate medium as often as possible. 3. Talk less.  Sometimes saying nothing is better than saying just anything. 4. Be an example.  Be the type of person you want your team members...

There is a great amount of definitions and theories about effective leadership. Each leader chooses their unique formula of success, but still there are keys to authentic leadership that can’t be ignored. Below are 10 important principles each leader should know. 1. Leadership Is Behavior, Not Position Leaders are the ones who take responsibility for making decisions and bringing change. Leaders are the ones who empower people to discover and use their greatest potential. The executive position on someone’s visit card won’t do all of these. People are the ones to choose their leader. And how will they do that? They will judge by behavior, attitude and actions. If you want to be a leader, then act like a leader and shape a better reality. 2. The Best Way of Influence Is Setting an Example Each leader wants to get the best out of their team. Excellence orientation is great, as there is always need for development. But here is the simple truth. Instead of telling your team members what to...

No one is born a success, but everyone has the potential to become one. As Will Smith  once said , “Greatness is not this wonderful, esoteric, elusive god-like feature that only the special among us will ever taste. It’s something that truly exists in all of us.” Not there yet? It might help to tap into some of the principles a few of the “already-greats” have used to dictate their own lives. While there is certainly  no single road to success , there do seem to be some distinct, guiding blueprints to getting there. Find 11 guidelines for tapping into your innate greatness below. 1. Focus On The Process, Not The Result “Life is a journey, not a destination.” — Ralph Waldo Emerson “I never looked at the consequences of missing a big shot ... when you think about the consequences you always think of a negative result.” — Michael Jordan “Life does not have to be perfect to be wonderful.” — Annette Funicello 2. Pay Attention — To The Right Things “Being the richest man in the ceme...

Originally developed for self-defense, tai chi is an ancient Chinese tradition that has evolved into a graceful form of exercise that today is known for stress reduction and aiding with a variety of other health conditions. It is a noncompetitive, self-paced system of gentle physical exercise and stretching. Each posture flows into the next without pause, ensuring that your body is in constant motion. Often referred to as meditation in motion, tai chi involves a series of moves performed in a slow, focused manner accompanied by deep breathing- by doing so, it promotes serenity through gentle, flowing movements. Here are  Health Fitness Revolution ‘s Top 10 Health Benefits of Tai Chi: Balance:  Tai Chi movements are steady and slow, shifting from one side to the other with coordinating upper body movements. Theses movements help the core regain balance and reduces the risk of falling in elderly. Strength and Endurance:  Research shows that individuals w...

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