Category: Strategy

  • Mergers & Acquisitions: How a company can be less than the sum of its parts

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    I blame both Spring Week and Summer Associate recruiting for the number of times I told an interviewer that M&A was my passion and intellectual calling. I had to read up on so many deals – looking at each bank’s transactions and picking one to express my amazement at the genius of such a deal.…

  • The Innovator’s Dilemma in biotechnology

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    The Innovator’s Dilemma is a concept popularised by Harvard Business School professor Clayton Christensen. The dilemma refers to the challenges that established companies face when they have to decide between focusing on improving their existing products and services or investing in disruptive innovations. Established companies’ management face strong pressure to focus on their existing, profitable…

  • Political resources and competitive advantage

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    The resource-based view (RBV) of firms posits that competitive advantage is rooted in the possession of scarce, valuable, and non-substitutable resources. While this framework traditionally focuses on tangible and intangible business assets like intellectual property, skilled labor, or unique technology, political connections can also be seen as a vital resource. The ability to influence, navigate,…