Strategy Literacy: Seeking Competitive Advantage

Abstract

Strategy, as a discipline of the holistic, is more important than ever, especially as our infrastructure converges, sectors intersect, and different disciplines overlap. These forces are creating a unique challenge and opportunity for companies to create new frameworks and management methodologies that reflect our rapidly changing environment. Strategy is grounded in one’s own experiences. If one has been in the situation before, one knows what to do. If the situation is new, one may fail while trying to make decisions. The energy strategist needs to know their strategic context quickly so as to diagnose what type of problem they may have and what responses are appropriate. Picking the right strategy will help the organization gain a competitive edge over their peers.