53. Hamilton Helmer - Strategy: how boards can use the “7 Powers” to sustain performance in the face of competition

Enter the Boardroom with Nurole

How can boards help businesses keep hold of the value they create? In “7 Powers: The Foundations of Business Strategy”, Hamilton identifies seven powers organisations can develop to protect themselves from competition. Listen to his conversation with Nurole CEO Oliver Cummings to discover how you can use them as a board member. Hear Hamilton’s answers to: Why are your insights in 7 Powers relevant to board members? (1:58) How do the best boards define strategy? (5:20) How can they use the 7 Powers to inform their strategic input? (13:01) How can boards understand their competitors’ power? (16:51) How can boards assess the power of their brand?(19:49) How do you determine whether your power is subject to diminishing returns? (30:00) How can incumbents use the 7 Powers to respond to new competition? (34:44) Why do organisations struggle to marry strategy and execution?(38:09) How much time do the best boards spend on strategy? (43:30)⚡The Lightning Round ⚡(46:53)

Show notes and transcript available at https://www.nurole.com/news-and-guides