Strategy

st_conceptbcg

Context

Existence of competition is the reason businesses need Strategy.

But, competition exists not just within businesses, it also exists between biological species.

What strategies do biological species use to survive the competition?

Can the field of Strategy borrow some learnings from the field of biology?

Key Insight

Just as species survive in their ecological niches, businesses can withstand competition by identifying their business niches too.

Just as there are multiple ecological niches and multiple surviving species, there are likely to be multiple business niches too!

Note: This article from BCG’s founder has many other useful insights too! It is quite difficult to comprehend, but it is simply awesome!

BCG.com

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