7 Powers

Economies of scale, network effects, counterpositioning, and switching costs are some of the most powerful forces shaping strategy

Strategy is a match between your internal capabilities and external possibilities.

A good business concept only becomes a powerful one if your competitors can’t or won’t copy it.

The structure of your industry is the result of underlying technological and economic forces.

A great strategy is based on internal and external insights that others don’t understand.

Countering the conventional wisdom is a potent source of strategic power.

Networking power comes from the interaction of customers.

High customer captivity often produces a combination of pricing power and cost efficiency.

Switching costs are a powerful source of competitive advantage.

Positioning is the art of focusing your strategy on the place where your forces will have the greatest impact.

The art of leverage strategy is deciding where to apply your force.

A differentiated strategy means committing to a distinct set of activities.