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• Article | Strategy Science

  Integrated Strategy: Residual Market and Exchange Imperfections as the Foundation of Sustainable Competitive Advantage

  Felix Oberholzer-Gee and Dennis Yao

  Market imperfections are central to understanding the mechanisms that permit firms to capture value. Many of these imperfections are competed away when firms struggle to attain and defend competitive advantages, making markets more efficient in the process. The remaining imperfections can become a primary impetus for government intervention. Hence, an understanding of residual market imperfections—those imperfections that persist after market competition and regulation are accounted for—must inform any assessment of the long-term attractiveness of firm strategies. Our framework provides an integrated view of competition and government intervention, two of the principal forces that influence variation in firm profitability.

  Keywords: integrated strategy; competitive advantage; nonmarket strategy; Market imperfections; Strategy; Competitive Advantage; Governing Rules, Regulations, and Reforms;

  Citation:

  Oberholzer-Gee, Felix, and Dennis Yao. "Integrated Strategy: Residual Market and Exchange Imperfections as the Foundation of Sustainable Competitive Advantage." Special Issue on Strategy and the Institutional Environment edited by Ahuja, Capron, Lenox, Yao. Strategy Science 3, no. 2 (June 2018): 463–480.  View Details

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• Other Unpublished Work | 2017

  Better, Simpler Strategy

  Frances X. Frei and Felix Oberholzer-Gee

  Strategy, at its core, describes how a company attains superior performance. In industry after industry, there is a wide range in company performance resulting from the various strategies adopted by individual firms. Underneath all of this variation, however, are principles that are straightforward and consistent across industries. This pamphlet outlines these principles to help you set and evolve your company’s strategy. Here we offer a simple and succinct way to think about the sources of competitive advantage. We hope that our way of thinking about why some companies do far better than others is both illuminating and inspiring.

  Keywords: Strategy; Competitive Advantage;

  Citation:

  Frei, Frances X., and Felix Oberholzer-Gee. "Better, Simpler Strategy." Baker Library, Boston, September 2017.  View Details

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• Case | HBS Case Collection | September 2014 (Revised February 2017)

  Turkcell

  Felix Oberholzer-Gee, Charles C.Y. Wang and Esel Cekin

  This case centers around the shareholder dispute between three major shareholders of Turkcell, and how its management vied against increasing regulatory intervention and market competition in the absence of a fully-functioning board. The battle for control of the Turkish telecom giant led to several years in which the company could not hold annual shareholder meetings, renew its board of directors, or pay dividends, and lacked a board-approved operating budget. Nevertheless, it maintained its majority market share and was the only telecom player with positive EBITDA in the market. What were the implications of this dispute for Turkcell's broad ambitions? How would the continuing battle affect management, talent, and the company's financial performance?

  Keywords: financial performance; corporate governance; regulatory environment; telecommunications; marketing; value added; pricing; shareholder; boards of directors; Governing and Advisory Boards; Corporate Governance; Conflict and Resolution; Business and Shareholder Relations; Telecommunications Industry; Turkey;

  Citation:

  Oberholzer-Gee, Felix, Charles C.Y. Wang, and Esel Cekin. "Turkcell." Harvard Business School Case 715-009, September 2014. (Revised February 2017.)  View Details

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