business strategy 2.0

game theory

• 2 person zero-sum• 2 person non-zero-sum• n-person• asymmetric information• sequential learning about other

players• R-absences• strategic time

4-Oct-2012 2IEMBA STMT 621 Strategy 2.0

market power

• monopoly, restrictions• rents• industry analysis,

concentration, π• GE matrix• Porter’s 5-forces

4-Oct-2012 3IEMBA STMT 621 Strategy 2.0

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Porter’s 5-force model

level of within-industry

rivalry

new entrants

suppliers customers

substitutes

firm-level analysis

• competitive advantage• acquiring SCA• cost & power - vertical & horizontal

integration, alliances• RBV• K-based (learning) (KBV)• data, meaning & practice (DMP)• learning through time (practice)

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Penrose’s firm

resource

new meaning

exploration

interpretiveambiguity

extensibility

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Nonaka & Takeuchi’s SECI model

meaning

practice

externalization

socialization

combination

spiral of K-integration & knowledge increase

disjunction

internalization

strategic imagination

• ideas about learning• imagination versus agency• constraints• ba - context • Space & Time (History)

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