My HEC Paris Hotfoot, Section III: It’s All About Technique

It’s time to write a novel blog post about my expertise in the HEC Paris Master of Science program. I’ve taken two unique programs: Industry strategy and Strategic Administration of Innovation. They had been severely linked which used to be appropriate for building a nice information, because a lot of ideas and matters had been ragged and discussed from diversified angles in both programs. When I used to be a schoolboy, I cherished strategy video games fancy chess, Civilization and Bid & Overcome. I had to balance building roads and factories with funding in protection and protection drive troops. As with these video games, in industrial it’s all about the strategy.

Let me first repeat me about the Industry Technique route.

Industry Technique

The Industry Technique route used to be a nice overview of how management consultancy works that is establish aggressive wait on and pick the most attention-grabbing-looking out strategy for the company. The strategy is the complete choices that the company and its workers need to win. In overall occasions there’s now not any longer such a thing as a most attention-grabbing-looking out or defective reply in a vacuum (with out serious about the bogus and opponents) for issues fancy pricing, deciding on the target viewers, accounting for studying curve, rising organically or going gigantic rapid. The external forces in the bogus must silent be regarded as. For some companies offering a low price product can present aggressive wait on by the exercise of economy of scale (Walmart). While for diversified companies, offering the high-priced product can present aggressive by the exercise of differentiation (Whole Meals).

We covered a lot of frameworks fancy SWOT, 5 Power model, BCG model, VRIST. The major steal away is the industries are no longer equally qualified. In diversified phrases, some industries are a extremely qualified equivalent to soda and pharmaceuticals while others are less qualified equivalent to an airline substitute. You would possibly maybe well also direct this programs extra for bigger established companies for conglomerates, but that you would be succesful of study a lot of the pondering to a commence up to utilize greater extra aggressive strategy (fancy Southwest did).

The professor had the management consultancy background. The route used to be straight to the point with out losing anytime on pointless data. The live session used to be had attention-grabbing true lifestyles case behold. At some stage in the route, I used to be remembering two books about management consulting that I’ve learn. First is The Firm: The Memoir of McKinsey and Its Secret Impact on American Industry which supplies a appropriate historic past of the greatest and most legitimate consultancy company the major service of which is the industrial strategy. The 2d e book is The Administration Delusion: Debunking Standard Industry Philosophy wherein the creator debunks one of the most most management theories at the side of Taylorism and In Search of Excellence. You would possibly maybe well never agree with the management consultancy in the the same system after discovering out this e book.

Strategic Administration of Innovation

The Strategic Administration of Innovation route is about how to innovate strategically. We covered matters equivalent to procuring patents from universities, incentives, Abilities S-curve, competence destroying innovation, phase zero opponents, dominant create, standardization, platforms, opened versus closed, networks, and the risks of going first to the market. The major takeaway of this route is that sure issues that the mainstream perceives as undeniably appropriate that is being the first mover and rising gigantic rapid wouldn’t advise the success appropriate by themselves.

There had been about a tricks relevant to startups equivalent to deciding on the most attention-grabbing-looking out situation for your unique challenge. Furthermore, the route is relevant to executives and consultants too gigantic or extra established companies.

And to this point as deciding on the positioning for the startup, it’s greater no longer to positioned in a hub of companies for your the same niche, so called agglomerate areas. Are your potentialities to commence a tech company in San Francisco and Silicon Valley lower than in Milwaukee, WI or Dallas, TX? Per chance flow serious about that R&D prices would be lower, worker loyalty would be greater and likewise you wouldn’t be biased or demotivated by the bubble direct The Silicon Valley. Within the e book The San Francisco Fallacy: The Ten Fallacies That Arrangement Founders Fail creator and serial entrepreneur shares that he would win never started his company RightSignature if he had been in San Francisco and knew about the major established competitor DocuSign. As an alternative, the creator appropriate constructed utility in Europe, made it a successful company and sold it about a years later.

Both of those programs had been supplemented with two live sessions with the professors.

Live Classes

The live sessions are optionally accessible and there are recordings to peer later. Alternatively, I attended all four sessions and severely loved the interactive verbal substitute with 30–40 of my classmates and the professors who gave us extra insights, solutions and supplies no longer covered in the self-paced prerecorded videos. The students joined from the USA, Europe, Africa and Asia.

The live sessions at the side of the Slack community, discussion board discussions, and peer-reviewed assignments give the feeling that you are truly connected to the classmates because you peer their work, challenges, and learn from years of their expertise in loads of industries, companies and worldwide locations. This is able to be end to no longer ability halt the the same level of productiveness, effectiveness and convenience with the outdated bodily system to the behold.

I’m expecting the next programs, projects and assignments!

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