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Show Notes
In this special NFX Podcast episode, Jeff Lawson (Co-Founder & CEO at Twilio) interviews Hamilton Helmer to analyze the 7 Powers, getting at the core question: What is it about certain businesses that keeps the force of competition away? Helmer’s framework reveals that you can intentionally craft the conditions for persistent & durable differential returns.
7 Powers is Hamilton’s cognitive guide to building an enduringly great business and breaks fresh ground by constructing a comprehensive strategy toolset that is easy for you to learn, communicate and quickly apply. Hamilton has led over 200 strategy projects with major clients such as Adobe Systems, Hewlett-Packard, Netflix, Raychem, and Spotify.
Jeff Lawson is a Co-Founder and CEO at Twilio, a cloud communications platform that adds messaging, voice and video to web and mobile apps. He is a serial inventor with over 15 years of entrepreneurial and product experience.
Read the full NFX Essay here - https://www.nfx.com/post/seven-powers/
(0:00) Introduction by James Currier and Importance of Understanding Defensibility (1:27) Jeff Lawson's Skepticism about Strategy and Introduction to the 7 Powers (6:44) Importance of Inventiveness in Strategy and Google Plus's Downfall (9:33) Explanation of Network Economies and Case Study: Uber (13:05) Scale Economies of Uber, Lyft, and Netflix (16:03) Concept and Application of Counter Positioning (21:16) Challenges Incumbents Face When Adapting to New Business Models (23:54) Power of Branding and Differentiation from Brand Awareness (26:10) Discussion on Cornered Resource as a Power (29:08) Introduction and Explanation of Process Power (32:50) How Entrepreneurs Can Develop Power (34:50) Closing Remarks by Jeff Lawson and Hamilton Helmer's Final Thoughts