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Daily Review: Alibaba Refines Its Business Strategy Amid Rising Competition

Companies make three types of choices when creating business models. Policy choices determine the actions an organization takes across all its operations (such as using non-union workers, locating plants in rural areas, or encouraging employees to fly coach class). Asset choices pertain to the tangible resources a company deploys (manufacturing facilities or satellite communication systems, for instance). And governance choices refer to how a company arranges decision-making rights over the other two (should we own or lease machinery?). Seemingly innocuous differences in the governance of policies and assets influence their effectiveness a great deal. – How to Design a Winning Business Model, HBR

Modern cross-industry champions made choices that led them to leading positions, but as environments around the world rapidly change, every organization needs to re-eval ...

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