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Book Review
Judo Strategy Can Give Businesses of All Sizes a Fighting Chance Reviewed by Frank Szivos, Angel Investor News Editor Business typically relies on analogies to understand how it
all works. David B. Yoffie and Mary Kwak, authors of “Judo Strategy”
published by Harvard Business School Press relies on the analogy of the
martial art to explain how to get ahead in business. Judo relies on a simple, but powerful philosophy: rather than
oppose strength to strength, successful competitors use their opponents’
size and power to win against opposing odds. Yoffie, a professor at
Harvard Business School and Kwak, a Harvard research associate, based
their thesis on extensive research. They use examples from companies both large and small to
demonstrate how managers can translate their core principles of judo –
relying on skill rather than strength – to develop a winning business
strategy. Judo Strategy also offers a judo toolbox that provides
concrete examples of when to use the strategies. The goal of judo strategy
is not just to gain a toehold in the market, but gain continued growth. The book explores three principles of judo that apply to
business – movement, balance and leverage. Movement throws your
competitors off balance and neutralizes their initial advantages. Balance
helps companies engage with competitors and survive an attack. Leverage
enables you to win against an opponent. When used together, these three
principles will help a company take on any competitor regardless of size. Yoffie and Kwak admit that even good judo strategists will
sometimes lose – sometimes because they have a better opponent,
sometimes because they violate the principles of judo strategy and
sometimes because when it comes to implementation, they simply fall short. The book is essential readers for beginners competing against
formidably established companies. In chapters 2-4, Yoffie and Kwak explore
a number of cases that show how companies employ the three judo principles
to compete. In chapters 5-7, the book explores how managers and companies
have embraced the principles to build successful companies. Part III
focuses on fighting back and fighting on. Judo Strategy develops five practical judo principles that
managers should follow:
Metaphors are pervasive in business because they help
jumpstart thinking. The power of the metaphor lies in the ability to
uncover the common element in dissimilar things. But by picking your
metaphor carefully can turn a part of speech into a valuable tool. In Judo
Strategy, the metaphor becomes a device for observing, analyzing and
strategizing to create a successful business. |
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