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Harvard
professor introduces 'Judo Strategy' for e-business at IESE conference
The winner
strategy at Internet
Professor Yoffie
at IESE's "Competitive Strategies for the Internet Era",
held February 21st and 22nd at IESE Madrid, to discuss 'Judo
Strategy' in Internet marketing and B2B becoming a 1.3 trillion-dollar
business in the next five years.
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David
B. Yoffie
Harvard Business School |
Professor Yoffie's 'Judo
Strategy' shows small businesses how to toss cyber-sumos like
Microsoft.
Professor David B. Yoffie of Harvard Business School reveals
the secret defeating larger competitors through 'Judo Strategy'
at IESE's "Competitive Strategies for the Internet Era",
held this February 21 and 22 at IESE Madrid.
Yoffie's business strategy applies the martial arts philosophy
of Judo of using a bigger opponent's weight and force against
it in order to win.
'The idea is to put your opponent into an unbalanced position',
says Yoffie, 'so that he is unable to use his strength effectively.'
With new Internet industries popping up almost overnight, companies
are scrambling to grab as much market share as possible and as
fast as possible.
The only way a smaller company can fight back is by outsmarting
the giant. From this hypothesis, Yoffie came up with the economic
theory based on judo, which he introduced in his new book 'Judo
Strategy', co-authored by Mary Kwak, and which he presented at
IESE Madrid.
Movement, balance
and leverage
The fundamental rules of judo economics dictate never to go head-to-head
with a larger, stronger competitor but to use the opponent's
strength and weight to bring it down. According to 'Judo Strategy',
the underdog can out-manoeuvre its adversary using three Judo
principles: movement, balance and leverage.
Movement includes not appearing like a threat, playing the game
by your own rules and moving fast. Balance entails getting close
to the enemy, embracing its product, elaborating on it and then
eliminating the competition. Finally, leverage involves turning
your competitor's assets into liabilities, turning its strength
against itself or befriending your rival's enemies.
On the flipside, Yoffie reminds us that the larger and more powerful
player's strategic imperative is to of course adapt from judo
to sumo strategy head-to-head confrontation.
Yoffie's 'Judo Strategy' introduces an entirely new method of
competing in any volatile business environment, providing a more
even playing field, whether you are large or small. |
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