Magazine article Strategic Finance

Strategy for Business Advantage: Being Strategic in a Capitalist's World Keeps Your Country-And Business-Competitive

Magazine article Strategic Finance

Strategy for Business Advantage: Being Strategic in a Capitalist's World Keeps Your Country-And Business-Competitive

Article excerpt

According to Richard D'Aveni, hypercompetition between different forms of capitalism is now being observed on a global scale, and a disruptive competitive advantage must be generated in order for a nation to rise to the top.

In his book Strategic Capitalism, D'Aveni summarizes his findings from years of strategic analyses, gives a thorough introduction to the four generic capitalist strategies (e.g., social-market, philanthropic, managed, laissez-faire), provides detailed insight into how mixes of these capitalist systems are found throughout the world, and ends with his plan for the United States to recapture its competitive capitalist advantage. The main point of the book is that the U.S. is currently waging a capitalist Cold War with China-and that the winner will set the rules of trade, finance, and economies to favor itself, its people, and its allies.

The first part of the book covers the four C's of capitalist dynamics: competing, combining, controlling, and capturing. D'Aveni stresses the dynamics of capitalism through examples of how the four generic types of capitalism have been combined over the years in countries from India and Brazil to the United Kingdom and U.S. and how the economies of these countries responded to changes in capitalist structure. He also discusses how U. …

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