In this discussion, you will further your knowledge of strategic development by:
- Applying strategic tools to identify and describe a firm’s strategy.
- Thinking and communicating strategically.
After reading Chapter 1 in Foundations of Strategy, identify the business model used by the King of Shaves—that is, how the firm makes money. What generic business and corporate strategies can you infer from the King of Shaves case?
Then, after reading Drucker’s 1994 article, “The Theory of the Business,” identify which assumptions correspond to the business model employed by the King of Shaves. Also, identify strategic elements in the basic framework for strategy (Figure 1.5) that correspond to other assumptions of the theory of the firm.
Once you confirm that you