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Entrepreneurial Thought Leaders (ETL)

Kathleen Eisenhardt (Stanford) - Strategy for New Companies

Nov 1, 2023
Kathleen Eisenhardt, Stanford professor, shares strategies for founders of new companies in disrupted markets. Topics include coherent strategy, strategic timing, successful internationalization, growth strategies in ridesharing, impact of AI on strategy, and early strategy and acquisition in new companies.
46:30

Podcast summary created with Snipd AI

Quick takeaways

  • Develop a coherent and fitting strategy by experimenting and taking action in new and uncertain markets.
  • Combining experimentation with trial and error and understanding the timing and sequence of problem-solving steps are key to entrepreneurial success.

Deep dives

Importance of Strategy in New Markets

Strategy is crucial in new markets characterized by uncertainty and ambiguity. Firms must develop a novel strategy by experimenting and taking action while also creating a coherent and fitting strategy. Effective entrepreneurs see the entire playing field, shape it to their advantage, and understand the underlying economics of their business.

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