π― Strategy β Map of Content
Strategy is the art and science of determining where to compete, how to win, and how to sustain that advantage over time.
Emphasized heavily at: HBS Β· Wharton Β· Booth Β· Kellogg Β· Stanford GSB
π Competitive Strategy
How individual businesses win in their markets:
- Porterβs Five Forces β Industry attractiveness analysis
- Competitive Advantage β Why some firms consistently outperform
- Value Chain Analysis β Where value is created and captured
- Generic Competitive Strategies β Cost leadership, differentiation, focus
- Strategic Positioning β Activity systems and trade-offs
- Blue Ocean Strategy β Creating uncontested market space
π’ Corporate Strategy
How multi-business companies create value:
- Vertical Integration β Make vs. buy decisions
- Diversification Strategy β Related vs. unrelated diversification
- Core Competencies β Prahalad & Hamelβs theory of the firm
- BCG Growth-Share Matrix β Portfolio management tool
- M&A Strategy β When acquisitions create (or destroy) value
- Divestiture Strategy β Value creation through subtraction
π Growth Strategy
- Ansoff Matrix β Market penetration, development, product development, diversification
- Platform Strategy β Two-sided marketplaces and network effects
- Disruptive Innovation β Christensenβs disruption theory
- Jobs to Be Done β Customer-centric innovation framework
π International Strategy
- Global vs. Multi-domestic Strategy β Standardization vs. local adaptation
- Entry Mode Decisions β Export, licensing, JV, wholly-owned subsidiary
- Competitive Advantage of Nations β Porterβs diamond model
π§ Strategy Frameworks Summary
| Framework | Question It Answers |
|---|---|
| Porterβs Five Forces | Is this industry attractive? |
| SWOT Analysis | Where do we stand? |
| BCG Growth-Share Matrix | How should we allocate resources? |
| Ansoff Matrix | Where should we grow? |
| Value Chain Analysis | Where do we create value? |
| Core Competencies | What should we own vs. outsource? |
| Blue Ocean Strategy | How do we escape competition? |
| Jobs to Be Done | Why do customers really hire our product? |
π Essential Books
- Competitive Strategy β Michael Porter (HBS) β THE foundational text
- The Innovatorβs Dilemma β Clayton Christensen (HBS)
- Blue Ocean Strategy β Kim & Mauborgne (INSEAD)
- Good to Great β Jim Collins
- Playing to Win β A.G. Lafley & Roger Martin
π« School Spotlights
- HBS: Strategy is taught almost entirely through cases; BGIE, TOM, Strategy courses
- Wharton: Rigorous game-theoretic approach to strategy; MGMT 611
- Booth: Economics-driven β industrial organization theory underpins strategy
- Kellogg: Marketing-strategy integration; brand strategy prominent
- Stanford GSB: Emphasis on entrepreneurial strategy and platform businesses
π Case Studies
- Amazon Flywheel Case
- Apple Platform Strategy Case
- BlackBerry Decline
- IKEA Business System
- Kodak Digital Failure
- Netflix Disruption Case
- Nintendo Wii Blue Ocean
- Southwest Airlines Strategy
- Spotify vs Record Labels
- Walmart vs Kmart
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