Abstract
We started this hook with the claim that the two most celebrated and influential business strategy frameworks — Michael Porter’s Competitive Advantage and the Resource-Bssed View of the firm — are fundamentally incomplete, both in expIaining sources of profitability and guiding managers to superior strategic options. Although these frameworks have often been presented as conflicting views, we feel that they share a similar management philosophy. Moreover, it is our strong belief that the Delta Model has the ability to complement the perspectives or both frameworks and provide the intergrative glu]e that may result in one unified strategy framework.
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Notes
Our presentation follows closely that offered by Arnoldo C. Hax and Nicolas S. Majluf, The Strategy Concept and Process, 2nd edn (Prentice Hall, 1996). 2. This applies to services as well as products. 3. Pankaj Ghemawat, Commitment; The Dynamics o f Strategy, (New York, Free Press, 1991). 4. C.K. Prahalad and Gary Hamel, ‘The Core Competence of the Corporation’, Harvard Business Review, May—June 1990, pp. 79–91. 5. Source: Gary Hamel and C.K. Prahalad, ‘Strategic Intent’, Harvard Business Review, May/June 1989, pp. 63–76.
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© 2001 Arnoldo C. Hax and Dean L.Wilde II
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Hax, A.C., Wilde, D.L. (2001). Toward a Unified Framework of Strategy. In: The Delta Project. Palgrave Macmillan, London. https://doi.org/10.1057/9780230288089_13
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DOI: https://doi.org/10.1057/9780230288089_13
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-42736-9
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