Straddling – keeping existing strategy intact while trying simultaneously adopt a strategy of a competitor. This position is not sustainable as there is no trade off with other positions. Trade off represents an opportunity.
Example: a traditional airline is trying to copy discounter airline approach for a specific market without changing its operational cost structure. The approach did not work, as the efficiency of a discounter airline was based on optimization of the entire operation.
Interesting concept: similarly to “Minimal Viable Product,” any initiative can have a “Minimal Viable Progress.”
From the perspective of leadership, the author recommends leading a team on a principle of “less but better,” bringing right people through hiring process even if it takes longer, and clarifying roles in a team.
Ha! I think I am somewhat close to the underlining principles 🙂 Though there is always a room for improvement.