Monthly Archives: August 2013

Best Buy’s discovery-based innovation model- Ideating from the ground-up

Best Buy used Strategos Innovation Practitioners to create a disruptive innovation model. Strategos laid out a model based on discovery and rapid-prototyping that Best Buy adopted after pulling in 35 different senior managers and directors from various parts of the … Continue reading

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Strategy models: Resource-based and Dynamic Capabilities

Resource-based Strategy This strategy approach focuses on the rents accruing to a firm that owns scarce resources rather than the economic profits from product market positioning. In this view, the competitive advantages lie upstream of product markets, and rest on … Continue reading

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Strategy models: Five Forces and Game Theory, a narrative in comparison

Competitive Forces The dominant strategy paradigm in the 1980s, the competitive forces approach pioneered by Michael Porter views the essence of competitive strategy formulation as relating a company to its industry in which it competes, the strategic group it is … Continue reading

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Notes from Porter’s Competitive Strategy: buyers, suppliers, structural analysis

Strategy toward Buyers and Suppliers Buyer selection “different purchasing needs are one reason why buyers have different structural bargaining power.” “the costs of servicing individual buyers differ..as a result.. buyer selection- the choice of target buyers- becomes an important strategic … Continue reading

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