Value Disciplines - Explained
What are Value Disciplines?
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What are Value Disciplines?
The Value Disciplines model, proposed by Michael Treacy and Fred Wiersema in "The Discipline of Market Leaders", describes three generic value disciplines. To optimize success, a company must choose one of these value disciplines and act upon it.
Back to: STRATEGY & PLANNING
What are the Four Rules for Value Disciplines?
Per the creators, there are four new rules that competing companies must obey.
- Create product leadership by excelling in one specific dimension of value.
- Maintain threshold standards on the company’s other dimensions of value.
- Develop customer intimacy by improving that specific customer value dimension year after year.
- Establish operational excellence with a well-tuned operating model for delivering value.
Book: Michael Treacy & Fred Wiersema - The Discipline of Market Leaders
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- Inorganic Growth
- Organic Growth
- Diversification
- Concentration
- Integration or Combination (Horizontal and Vertical)
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- Horizontal Integration - Explained
- Backward Integration - Explained
- Internationalization
- Cooperative Strategy
- Consortium Definition
- Stability and Retrenchment Strategies
- Competitive Strategies
- Contestable Market Theory
- Value Disciplines
- Porter's Generic Strategies
- Differentiation (Strategy)
- Commoditize
- Niche Market Strategy
- Long Tail
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- Resource-Based View of the Firm
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- Hedgehog Concept (Strategy)
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- Marketing Strategy
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- Operational Strategy