“The training aspect of it, the knowledge aspect of it, which is what's taught now in strategy in business schools generally sucks. It's gone on a crazy theoretical bent. The strategy academy as a whole has fallen in love with a theory called the resource-based theory of the firm that is silly and nobody uses it out in the world.”
quote is from the automated transcript, cleaned for reading:
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More from Roger Martin
Opinion
Martin: Richard Rumelt does not know much about business
“I don't think that he, like most business academics, he doesn't know much about business, right? Like he hasn't gone out and practiced a lot.”
Roger MartinJul 25, 2024▶ 16:125 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)
AssertionNot checkable as stated
Martin: Major strategy consulting firms do almost no actual strategy work
“The strategy consulting firms, the so-called strategy consulting firms do almost no strategy anymore because it's a little business compared to post-merger integration, digital transformation, and a bunch of other, other other things.”
Roger MartinJul 25, 2024▶ 9:025 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)
Opinion
Martin: Top 50 US business schools refuse to hire faculty questioning RBV
“If you took the other, the 49 other top business schools in America, and if asked the question, do you swear allegiance to the resource-based view of the firm? If you don't answer an enthusiastic yes, you have no chance of being hired. Zero.”
Roger MartinJul 25, 2024▶ 13:265 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)
Opinion
Martin: Rumelt's Procter & Gamble case study had zero connection to reality
“He gave a example of Procter and Gamble. I've been consulting at Procter and Gamble. And know everything about Procter & Gamble, basically. And what he said about Procter & Gamble had zero to do with reality, like zero. It was just completely, utterly, absolut…”
Roger MartinJul 25, 2024▶ 16:255 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)
Opinion
Martin: App developers willingly joined Apple's ecosystem and shouldn't complain about fees
“All the apps complain about what cut Apple is taking, but they made a choice, a value chain choice. We are going to design something that will appear on an iPhone or an Android device if that is. And then good luck to you. You can complain like crazy that they…”
Roger MartinJul 25, 2024▶ 47:195 essential questions to craft a winning strategy | Roger Martin (author, advisor, speaker)
Insight
Martin: Niche cost leadership is almost impossible without dominant scale
“If you want to be the cost leader, it is rare that you can be the cost leader without having dominant scale in the territory in which you're operating. So if you want to be a niche. Cost leader, you know, good luck to you. That's almost never going to happen.”
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