Patrick Collison: "Correctly places enormous value on execution and on culture. However, I think this sometimes leads to insufficient importance being placed on strategy.
Hamilton Helmer's deeply incisive work will hopefully help correct that"
At Spotify the 7 Powers are widely used as we discuss new initiatives.
One of the books Keith Rabois recommends for entrepreneurs.
Ryan Petersen: "[One of the books in my] business book canon"
"7 Powers" by Hamilton Helmer is an insightful and concise guide that offers a fresh perspective on business strategy. Helmer identifies and explains seven distinct and interrelated sources of power that can help businesses achieve long-term success.
Through clear and concise writing, Helmer argues that these seven powers—scale economies, network effects, counter-positioning, switching costs, process power, cornered resources, and brands— provide a framework for understanding and strategically navigating the dynamics of any industry.
The book provides real-world examples and practical advice, demonstrating how businesses can leverage these powers to gain a competitive edge, create sustainable value, and ultimately outperform their competitors. Helmer emphasizes the importance of understanding the fundamental economic principles underlying these powers and how they can be utilized effectively.
"7 Powers" equips both aspiring and seasoned entrepreneurs, as well as business leaders, with a comprehensive toolset to analyze and make informed decisions about their business strategies. It encourages readers to think critically and creatively about their own ventures, enabling them to identify and capitalize on the unique sources of power within their markets.
This concise and highly readable book is an essential resource for anyone seeking a deeper understanding of competitive advantage and long-term success in the business world. Hamilton Helmer's "7 Powers" offers invaluable insights that can transform the way businesses approach strategy and drive growth in today's ever-changing marketplace.