7 powers business strategy pdf download

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Tullet Read Download. Publishing Read Download. Vaughan Read Download. Tetlock Read Download. Anderson Read Download. For example, a phone carrier may buy out the termination penalty of the existing carrier. These costs make competing unattractive. These three Powers are usually established when the company is growing really fast. BENEFIT Before smartphones, before digital cameras even, to take a photograph you would load film into a camera, take a picture, wait until you had a dozen or so pictures, and take them to drugstore or mail them if you lived in the boonies without looking at them first, pay someone to develop them, and make a second trip to pick up the finished product.

Kodak saw itself in the film business despite having developed the first digital hand-held camera. This attracts more customers and allows the company to charge more.

These two Powers are almost always established in the beginning before the company really starts to grow. Air Jordans are more than just a nice pair of shoes. BENEFIT In addition to the good feeling a brand brings to the customer, customers usually have less uncertainty about what to expect from a well-known brand. This is a rare Power because every company is continually improving so it is hard to pull ahead of competitors.

The source of all these Powers is invention: of a product or process, of a brand, or of a new way of organizing — a business model. These inventions have value where there is a desire for something by the customer that a company has the capability to provide that their competitors do not. Jun 07, Robert rated it really liked it Shelves: non-fiction , business-and-finance. This is the kind of book I had envisioned when people especially technical folks like software engineers make jokes about MBAs and their love of strategy books.

There is a tonne of jargon and most of the book is spent reframing the world in the author's framework. This all sounds very critical but the truth is that I really enjoyed it.

The 7 Powers is a digestible but comprehensive look at the subject of "competitive advantage" — value investors endlessly preach about the value of finding a moa This is the kind of book I had envisioned when people especially technical folks like software engineers make jokes about MBAs and their love of strategy books. The 7 Powers is a digestible but comprehensive look at the subject of "competitive advantage" — value investors endlessly preach about the value of finding a moat like Buffett's investment in Coca Cola due to its branding but don't offer much advice in the way of characterising a moat.

Filled with tangible examples as well as sufficient generalisation as well as clear diagrams for future reference, the 7 Powers is clearly designed to be used practically. I came across this book while listening to Episode of the Invest Like The Best podcast Patrick O'Shaughnessy and the concepts were interesting enough to warrant a read of the book. But if you don't have time to read the book, the podcast is a fantastic summary.

Jun 09, Brian Sachetta rated it liked it. In the end, I found it to be okay. The work is centered around seven ways that companies can create power the ability to realize persistent and sustainable returns. Sure, I was still excited to find out about them, but the process of getting there was a bit uninspiring or surface-level at times. What I did love was the more specific company breakdowns, such as those related to the rise of Netflix. Such stories provide much-needed application and help illustrate the seven powers quite well.

However, those stories are lacking in number; I would've liked more of them. Mar 04, Abi Tyas Tunggal rated it it was amazing. Hamilton Helmer provides real world examples grounded in decades of experience as a strategy advisor, active equity investor, and Stanford University professor that help us build a set of mental models to think through strategy.

The crux of 7 Powers is a business can try to improve its strengths, mitigate its weaknesses, eliminate competitor risk, better serve its customers, maximize shareholder value, or take advantage of its pricing power. But there are v 7 Powers is my favorite book on strategy. But there are very few times when a business can do all at once. What Hamilton Helmer provides us, through 7 Powers, is a comprehensive strategic framework that can help every business choose what to focus on next.

Apr 30, Alexej Gerstmaier rated it it was amazing. The points regarding the Toyota Production System were super interesting as I already read a bunch of books about that topic: "TPS is not what it seems.

On the surface, it consists of a fairly straightforward variety of interlocking procedures, such as jit production, kaizen, kanban, andon cords. It turns out these techniques merely manifest some deeper, more complex system. Aug 29, Vincent Chan rated it it was amazing. What makes this book stand out from the others is its focus on using strategy to build a meaningful and lasting business, not just purely drive business growth.

This book will tell you t What makes this book stand out from the others is its focus on using strategy to build a meaningful and lasting business, not just purely drive business growth. It narrowly defines a successful strategy as creating a route to persistent differential returns for a business, giving people a new mental model for thinking about how to build a moat, especially for tech companies.

Business strategy condensed into an easy-to-remember framework. A "power" is what drives lasting dominance - it is the combination of a benefit, and a barrier that prevents a given competitor from attaining that benefit.

The author descri Business strategy condensed into an easy-to-remember framework. The author describes what he considers to be an exhaustive set of 7 potential powers: Scale, Network, Switching costs, Cornered resource, Counter-positioning, Process, Branding.

I found both the framework and the explanation of each power to be compelling and have found myself trying to apply this framework to understand or think of ways to improve the business strategy of the company where I work.

Jan 01, Matthew rated it really liked it. Excellent book on business strategy, particularly since it covered the topic through a novel lens. The mix of anecdotes and a mathematical derivation of how wielding each power gives a company the ability for excess profits i.

The author set out to be "simple but not simplistic. It behooves you to brush up on your knowledge of mathematical logic and expand your vocabulary before picking up this title. Sep 15, Richard I Porter rated it really liked it Shelves: business-and-product. Who should read this?

Business people. Product People. Those interested in building a company that makes money, that delivers on a mission with enduring, repeatable, differentiated success.

This book is more rigorous than most books about "business strategy. This is likely to be expected given the author's work as a professor at Stanford Economics department.

But also from his focus as a Who should read this? But also from his focus as an active equity investor. There is also plenty of case examples and stories that most business books are chock full of to complement this more rigorous approach.

The summaries and repetition arer helpful for retention and the conclusion nicely re-summarizes the key lessons. Some readers may find it a be a bit more difficult to read than other books in this category. I think it's worth pressing through. I considered rating this only 3 stars given some of these challenges and the more niche nature of the knowledge it imparts but the power of the insights were such that it needed to be bumped up.

I would recommend it to many people and it changed my mind about something important. Dec 06, Ben Van Horn rated it really liked it. For any business to succeed in the long term, they must have a durable business model. The notion of Power that Helmer writes about in this book is comprised of two aspects.

A Benefit and a Barrier. The benefit is something that your company does that is highly valued or better than most of your competitors in your industry. A barrier is such that you have a position in the marketplace that cannot be arbitraged.

Something that no other competitor can take away from you. Helmer shares a deep dive For any business to succeed in the long term, they must have a durable business model. Helmer shares a deep dive in various powers from Branding, to Counter-Positioning, to Scale, and others by sharing examples of Intel, Netflix, and Pixar. While many of those texts are worth the time and effort, 7 Powers clearly stands alone as the most comprehensive and cogent work that intertwines business strategy with value creation.

I could write quite a bit more about this book, but suffice to say, just buy it and read it then read it again. Nov 11, Marco rated it really liked it. He said in the intro that he liked to keep things simple but not simplistic, but his prose is awful. Tons of paragraphs could have cut, ton of words might have not been used and he could have expressed a thought with much less words.

My perception is that he wants to sound super smart and wants to make the reader feel like someone who's having an epiphany through the use of formulas or resonants words. Jul 16, Valentine rated it really liked it Shelves: Read this in preparation for the Acquired. I think it will be most useful as a kind of guidebook, a Hitchhiker's Guide to the Whiteboard if you will, for diagnosing different businesses and their strategies.

I also think it'll be interesting to apply its principles to startups and side hustles that aren't your typical tech fare like Netflix or Intel et al. Also, the formula parts went way over my head. I should read a math book