Strategy for Start-ups: The Entrepreneurial Strategy Compass Jaap de Jonge, Management Consultant, Netherlands In order to help entrepreneurs choose the right strategy by guiding their imagination and commitment toward the realization of their idea(s), Joshua Gans, Erin L. Scott and Scott Stern developed a very interesting new framework they named: "The Entrepreneurial Strategy Compass".
Their compass categorizes strategic opportunities for new business ideas along 2 axes:
Attitude toward incumbents*: Collaborate or Compete?
Attitude toward the innovation: Build a moat** or Storm a hill?
Confronting these 2 dimensions with each other results in a matrix with 4 distinct strategies:
INTELLECTUAL PROPERTY STRATEGY: Maintain control of the inn... Read more? Sign up for free
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