Google ‘strategy’, you will find approximately 2.7B results. A search for ‘books on strategy’ yields an equally mind-boggling number of results. On this Conversational Masterclass, we don’t walk you through what the textbooks say. We keep it simple, with takeaways on where to get started in crafting a winning strategy.
Join Nathan Baschez, a prolific writer and researcher on ‘Strategy’. Nathan is former Head of Product at Gimlet Media (acquired by Spotify), Substack and General Assembly. He also co-created Product Hunt, a daily curation of the best new tech products.
Starting with the fundamentals, followed by basics on tactics vs strategy, relevance of Porter’s Five Forces, characteristics of a good strategy, competitiveness vs moat, and more, we ensure you get a comprehensive overview to understanding and actioning ‘strategy’.
Pilot - Krishnan Hariharan [ 01:15 ]
Introduction to the Podcast
Understanding the kernel of a strategy - Ajay Menon [ 12:25 ]
Understanding the kernel of a strategy
As Michael Porter said, “You shouldn’t compete to be the best. Compete to be unique.” Get an overview on the definition of strategy, the distinction between strategy and planning, and tactics vs strategy. All grounded in knowing the specifics of the environment you are operating in.
Formulating a strategy - Ajay Menon [ 16:45 ]
Formulating a strategy
What is the simplest first step you can take? Learn about the characteristics of a good strategy, how it differs from one organizational goal to the next. Basics to select concepts namely: Chain Link Effect, Proximate Objectives, and The Power of Supply.
Competitiveness vs Moat - Ajay Menon [ 22:46 ]
Competitiveness vs Moat
We discuss the difference between competitiveness vs moat, low pricing as a differentiating strategy, first-mover disadvantage and defensibility, as a primary goal of any strategy. Culminating with a rapid-fire uncovering additional pointers when crafting a strategy and Nathan’s faves:
Recommended reading: 7 Powers by Hamilton Helmer
Thinkers of Strategy to follow on Twitter: @trengriffin and @patrick_oshag
Two strategic frameworks relevant today: Clayton Christensen’s Law of Conservation of Attractive Profits and Hamilton Helmer’s Counter Positioning.