I just received The 7 Powers today in my house, that is what I call a timely post!
I have been working at the same intersection (strategy-finance-innovation) for twenty years (in Healthcare and Life Sciences) and never I heard before reading it from you about Hamilton Helmer!! (Ignorance as a blessing).
In the healthcare industry, strategy is very relevant for startups (early stage or small scale), mainly for Biotech and MedTech, where decisions on what activities to perform and which not in your value chain are critical to the success of the startup. Whether to do R&D (or buy it), design (or buy it), distribution (or buy it), etc.
I would like to add another reference for "thinkers applying strategy to early-stage startups": Joshua Gans and his article in HBR in 2018, which includes a tool/matrix called "The Entrepreneurial Strategy Compass" with four distinct strategies.
Thanks Jorge :-) Interestingly I have this other book titled "Entrepreneurial Strategy", written by Italian authors, which is rather good—focused on transforming companies in legacy industries. I've used some examples from this book many times in the past (alas, it's now in Normandy and I'm in Munich so I can't check it out at the moment).
I just received The 7 Powers today in my house, that is what I call a timely post!
I have been working at the same intersection (strategy-finance-innovation) for twenty years (in Healthcare and Life Sciences) and never I heard before reading it from you about Hamilton Helmer!! (Ignorance as a blessing).
In the healthcare industry, strategy is very relevant for startups (early stage or small scale), mainly for Biotech and MedTech, where decisions on what activities to perform and which not in your value chain are critical to the success of the startup. Whether to do R&D (or buy it), design (or buy it), distribution (or buy it), etc.
I would like to add another reference for "thinkers applying strategy to early-stage startups": Joshua Gans and his article in HBR in 2018, which includes a tool/matrix called "The Entrepreneurial Strategy Compass" with four distinct strategies.
https://hbr.org/2018/05/strategy-for-start-ups
Last time I asked him, they were writing a book on “Entrepreneurial Strategy" which was planned to be published by late 2021.
Some additional information: https://www.entrepreneurial-strategy.net/
Thanks Jorge :-) Interestingly I have this other book titled "Entrepreneurial Strategy", written by Italian authors, which is rather good—focused on transforming companies in legacy industries. I've used some examples from this book many times in the past (alas, it's now in Normandy and I'm in Munich so I can't check it out at the moment).
https://www.e-elgar.com/shop/gbp/entrepreneurial-strategy-9781845421977.html
Thanks Nicolas.
Never heard about this one nor about the authors, I will take a look.
I especially like the sub-title of the book: "emerging business in DECLINING industries".