Strategy is an emergent process that focuses on competitive advantage, competitive differentiation, sustainable advantage, and barriers to entry. Understand the critical success factors of organizations and competitiors, identify current/future customers and define strategies to capitalize on strengths and market opportunities.
Create original and innovative solutions to problems, take what is and make it better (competitive advantage). Have competitors of like-mindedness (who think like you or better).
The Durable Competitive Advantage asks, what do I have that my competitors don't. The Durable Competitive Advantage is the focus on probabilities and economic issues ( the underlying business). Doing what it takes to grow itself on a profitable basis. It consists of excellent growth prospects, the least financial risks, and the most favorable long-term prospects; its what makes sense in business...to be continued...(Warren Buffet).