300,000 copies a year sold World-renowned management consultant and academic Peter Drucker once noted that ‘culture eats strategy for lunch’. Drucker is, without doubt, 100% correct. When you have a strategy – you have a strategy, but when you have a culture – you can develop new strategies and have the capacity to implement them. […]

300,000 copies a year soldWorld-renowned management consultant and academic Peter Drucker once noted that ‘culture eats strategy for lunch’. Drucker is, without doubt, 100% correct. When you have a strategy – you have a strategy, but when you have a culture – you can develop new strategies and have the capacity to implement them. This point is equally relevant to differentiation. When you have the optimal culture, you can differentiate and implement a strategic competitive advantage that can continue to differentiate, as and when require.Culture is one of the 6 key factors upon which a strategic competitive advantage can be built. To be an effective source of differentiation, however, culture must always be considered in conjunction with your people. You can only create an optimal culture if you have the best people. As Jim Collins reminds us in  ‘Good to Great’, it is not possible to develop a great business…