Lenny's Podcast: Product | Growth | Career

Business strategy with Hamilton Helmer (author of 7 Powers)

352 snips
May 5, 2024
Hamilton Helmer, a world-renowned expert on business strategy and author of "7 Powers: The Foundations of Business Strategy," dives deep into the essence of competitive advantage. He discusses the essential powers startups should cultivate and debunks common myths about business strengths. Helmer distinguishes between moats and true powers, highlights how AI reshapes competitive barriers, and offers practical strategies for all levels of leadership to harness these insights for growth and success.
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ADVICE

Strategy Timing

  • Always think about strategy, even before product-market fit.
  • Consider how your business propositions might enable future power.
INSIGHT

Strategy Definition

  • Strategy focuses on fundamental business value determinants.
  • This value-driven focus makes strategy a long-term concept.
INSIGHT

Power Informs Strategy

  • Power, by offering cost or price advantages, drives business value.
  • Durability of these advantages turns them into power, creating defensible value.
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