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Strategy
Strategy is about positioning what we call a bloody war with competitors or pursuit of differentiation by creating new market space and make competition irrelevant. We discuss and debate to reach a conclusion with case studies across industries and business.
Michael Porter is an economist, researcher, author, advisor, speaker and teacher. He used economic theory to create strategy concepts of market competition, generic strategy, strategy position maps and diamond model and several other groundbreaking concepts.
Porter has authored numerous books and articles on business strategy, including his landmark book "Competitive Strategy: Techniques for Analyzing Industries and Competitors," which was first published in 1980. In this book, Porter introduced the concept of the Five Forces Framework, which is a tool for analyzing the competitive environment of a company's industry.
Porter's work has also focused on the role of innovation in creating competitive advantage, the importance of corporate social responsibility, and the impact of national policies on a country's competitiveness.
Porter is a highly respected management thinker and has been awarded numerous accolades for his contributions to the field of business strategy. He has also advised numerous governments and companies on issues related to competitiveness and economic development.
Chan Kim and Renée Mauborgne are professors of strategy at INSEAD, a leading global business school. They are also the authors of the best-selling book "Blue Ocean Strategy," which has been translated into 44 languages and sold over 4 million copies worldwide.
Central idea of Blue Ocean Strategy is to create uncontested market space by making the competition irrelevant. Kim and Mauborgne argue that companies can achieve this by focusing on creating new markets or "blue oceans" rather than competing in existing markets or "red oceans."
Kim and Mauborgne have advised numerous companies and governments on issues related to strategy and innovation. They have also received numerous accolades for their contributions to the field of business, including being named the world's most influential business thinkers by Thinkers50 in 2019.
In addition to their work at INSEAD, Kim and Mauborgne are co-founders of the Blue Ocean Strategy Institute, which provides consulting and training services to companies seeking to implement blue ocean strategy principles in their business.
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Arnold Hax (1932-2018) was a German-born American management theorist and professor at the Massachusetts Institute of Technology (MIT). He was a pioneer in the field of management science, known for his contributions to operations research, system dynamics, and strategic management.
Hax's work on strategic management focused on developing frameworks that could help companies make better decisions in uncertain and complex environments. He was particularly interested in the interactions between different components of a company's strategy, such as customer needs, company resources, and competitive positioning.
One of Hax's most influential contributions to strategic management was the development of the Delta Model, also known as the Hax-Davidson Model. The Delta Model is a framework for analyzing a company's strategic position, which emphasizes the importance of understanding customer needs, assessing company resources, and analyzing the competition.
Hax was a prolific author, publishing numerous articles and books on topics related to management science and strategic management. He was also a consultant to numerous companies and governments, providing advice on issues related to operations management, strategic planning, and technology management.
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