7 Powers: The Foundations of Business Strategy

In '7 Powers: The Foundations of Business Strategy,' Hamilton Helmer introduces a practical theory of strategy rooted in the concept of 'Power,' which are conditions that create the potential for persistent differential returns.

The book outlines seven powers: Scale Economies, Network Economies, Counter-Positioning, Switching Costs, Branding, Cornered Resources, and Process Power.

Each power provides a benefit to its owner and a barrier to competitors.

Helmer uses real-world examples and a framework called the Power Progression to guide businesses through different phases of growth, emphasizing the importance of strategy in achieving and sustaining competitive advantages.