Outthinkers #22—Richard D'Aveni: Gaining Competitive Advantage—with TEMPORARY Advantages
Professor Richard D'Aveni is the Bakala Professor of Strategy at Dartmouth's Tuck School of Business. He is considered one of the premier competitive strategists of his time. His research looks for the winning competitive strategies used by corporations, governments, and militaries. He writes regularly for Harvard Business Review and Forbes and is a frequent commentator on strategic and technological developments. Fortune Magazine has described Professor D’Aveni as modern-day Sun-Tzu, the ancient Chinese master of the strategic arts. Marketing News says, “Today's Internet marketers’ worship at the competitive altar of D'Aveni.”
Thinkers50 awarded him its 2017 Strategy Award, and nominated him for the 2019 Breakthrough Ideas Award. He has since been inducted into the Thinkers50 Hall of Fame, along with Peter Drucker, Clay Christensen, and many other groundbreaking innovators. His diverse background includes a Ph.D. from Columbia University and a bachelor’s degree from Cornell University, as well as a law degree and MBA, bringing a unique perspective into business.
His most recent book, The Pan-Industrial Revolution, examined the impact of 3D printing on manufacturing, global competition, and society.
In this podcast he shares:
- The idea that most of us are grossly underestimating the impact of 3D printing on business and global economy
- An argument for why in the near future assembly lines—the corner stone of manufacturing since the industrial evolution—won’t matter
- Why Michael Porter's theories might be misplaced in an era of hypercompetition
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"You know, life is about temporary advantages, not about sustainable advantages. Those days are gone with the 1950s and ‘60s. So that's hypercompetition in a nutshell."
-Richard D'Aveni
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Episode Timeline:
00:00—Introducing Richard D'Aveni + The topic of today’s episode
2:48—If you really know me, you know that...
3:33—What is your definition of strategy?
5:33—Could you summarize your concept of hypercompetition?
8:28—What do people get wrong when it comes to 3D printing?
11:39—How will Wall Street be impacted by the adoption of 3D printing?
14:00—Are there any capabilities or strengths that incumbents can realistically hold on to to keep ahead?
16:58—What's the next shift in strategy; what should leadership in strategists be focusing on?
18:22—How can people find you or follow you and learn from you?
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Additional Resources:
Direct line to his office at Dartmouth: 603-646-2921
Personal Website: http://daveni.tuck.dartmouth.edu/
LinkedIn: https://www.linkedin.com/in/richard-d-aveni-5169749/
Most recent book: http://daveni.tuck.dartmouth.edu/rese
Thank you to our guests, thank you to our executive producer, Karina Reyes, our editor, Zach Ness, and the rest of the team. If you like what you heard, please follow, download, and subscribe. I'm your host, Kaihan Krippendorff. Thank you for listening.
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