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Richard D'Aveni

Richard A. D'Aveni is an American academic, thought leader, business consultant, bestselling author[5] and the Bakala Professor of Strategy at the Tuck School of Business at Dartmouth College.[6] He is best known for creating a new paradigm in business strategy and coining the term “hypercompetition[7][8][2] which led Fortune to liken him to a modern version of Sun Tzu.[9]

Richard D'Aveni
Born1953 (1953)
NationalityItalian-American
SiglumRAD
Alma materCornell University (A.B.)
Columbia University (Ph.D.)
Occupation(s)Professor of Strategy at Dartmouth College,
Consultant,
Author,
Keynote Speaker
Known forHypercompetition (HC),
D'Aveni's 7S framework
Four Arenas Analysis
Notable workHC adopted as doctrine by USINDOPACOM[1]
Changed the lexicon by coining the term HC[2]
Two special issues on HC in academic journals[3][4]
Websitedaveni.tuck.dartmouth.edu

Career edit

Hypercompetition involves rapid, fierce, and disruptive rivalry in an industry. Such industries cause shorter-term advantages, frenzied maneuvering, and proactive strikes on oligopolistic leaders of the industry. The goal is to undermine long-term advantages such as product positioning, technology and know-how, profitable strongholds, and deep pockets (financial and political clout). This is in sharp contrast to other models of business strategy, such as oligopolistic models, which rely on long-term advantages created by the same competitive advantages that hypercompetition seeks to undermine, obsolesce, mute, or neutralize.[10]

D’Aveni was inducted into the Thinkers50 Hall of Fame in 2020 for his work on hypercompetition and additive manufacturing strategy, including strategies based on temporary advantage and disruption.[11] He also received the Thinkers50 Distinguished Achievement Award in the category of Strategy in 2017, and the prestigious A.T. Kearney Award from the Strategic Management Society.[12][13]

His areas of research include competitive strategy (Hypercompetition, Hypercompetitive Rivalries[14]), market disruption strategy (Hypercompetition, Beating the Commodity Trap[15]), technological strategy (The Pan-Industrial Revolution[16]), global strategy (Strategic Supremacy),[17] and competition between capitalist systems (Strategic Capitalism).[18] All of these books were based on the principles first set out in Hypercompetition.

The principles of Hypercompetition were adopted as doctrine (July 2020) by the US Indo-Pacific Command (USINDOPACOM), US Army War College, and the Strategic Studies Institute in “An Army Transformed: USINDOPACOM Hypercompetition and US Army Theater Design.”[8] The USINDOPACOM is responsible for all integrated military actions in India, Vietnam, Japan, Korea, Indonesia, China, Australia, New Zealand, and Hawaii.

D’Aveni is a frequent contributor to business publications such as Forbes, Harvard Business Review, The Financial Times, The Wall Street Journal, the Washington Post, and the MIT Sloan Management Review. He is the author of numerous academic articles in A-level journals such as Strategic Management Journal, Academy of Management Journal, Administrative Science Quarterly, Management Science and Organization Science. He has also served on the editorial boards of most of these journals, with over 20 years of service.[19] D’Aveni is one of only a few people to have been honored with two special issues on his research.[3][4]

“Hypercompetition… has had a salubrious impact on strategy research generally. The resource based-view has clearly evolved from static resources toward "dynamic capabilities," which stresses the ability to manage and organize various types of resources dynamically, and thus increasingly incorporates a more explicit hypercompetitive view of sequential advantages.”[20][21] D’Aveni's publications about hypercompetition have been cited more than 10,000 times in the academic literature.[22]

He was a World Economic Forum Fellow (1995 – 2000)[23] and sat on the Board of Scholars of the Chief Executive Institute at Yale University.[24] D'Aveni's other published works on organizational decline, top management teams, and vertical integration have been cited almost 10,000 times in the academic literature.[25]

Early life edit

Richard D'Aveni was born in Cambridge, Massachusetts in 1953. He is a Sicilian-American who grew up in an Italian-American neighborhood outside of Boston, MA.[26]

Education and career edit

He started his collegiate education at Cornell University’s College of Arts & Sciences and graduated with an A.B. cum laude in 1975. He majored in Government Studies and minored in Chemistry. He continued his education at Suffolk University’s School of Law (JD, 1979) and Boston University's Graduate School of Management (MBA, 1979) evening programs. He graduated from both programs cum laude. D’Aveni earned these two degrees simultaneously while working full-time on the Governor of Massachusetts’ staff and the House Speaker's staff for the State of Massachusetts.[26]

After graduation, he became a Member of the Bar in Massachusetts and the Federal and District Court of Appeals (1979). D’Aveni then worked at Coopers & Lybrand in its tax division from 1979 to 1982 and received his CPA in 1982.

D’Aveni pursued his PhD at Columbia University’s Graduate School of Business under Donald C. Hambrick and graduated in 1987.[26] While there, he focused on Strategic Management/Management of Organizations and completed his dissertation[12] under the supervision of Donald C. Hambrick, past president of the Academy of Management and the leading scholar in CEOs and top management teams.[27]

D'Aveni began his teaching career at Keenan-Flagler School of Business at the University of North Carolina, Chapel Hill as an Assistant Professor of Business Administration.

D'Aveni then became an Assistant Professor of Business Administration at the Tuck School of Business at Dartmouth College in 1988. While an Assistant Professor, he was mentored by James Brian Quinn, winner of three McKinsey Awards prior to 1980. D’Aveni advanced to the position of Associate Professor of Business Administration in 1992 and achieved tenure in 1993. Richard A. D'Aveni was promoted to Full Professor of Strategic Management in 1996 and became the distinguished Bakala Professor of Strategy in 2011, a post he held until his retirement in 2022.[28][29][26]

During his time at the Tuck School of Business, D’Aveni was a founding faculty member of various international business schools in Israel, Japan, Mexico, and Vietnam. He taught in numerous senior executive education programs at Tuck, Bocconi, Wharton, and Yale.[28][29][26][30]

While at Tuck, D’Aveni was also a popular keynote speaker for over two hundred Fortune500 companies and conferences. In addition, he acted as a strategy consultant or advisor to numerous CEOs in the Fortune 500. At one point, D’Aveni was advisor to half of the Fortune 10 CEOs. From 2000 to 2021, he was the principal advisor and sounding board for over ten patriarchs of the Forbes top 100 richest families in the world.[28][29][26][30][2]

Strategic principles and predictions edit

“There are few authors with the prescience that D’Aveni has had,” says strategy guru Gary Hamel. “Each of his books accurately predicted major shifts in the nature of competition and the economy.” [11][31] “Mr. D’Aveni and Mr. Hamel reject formulaic management techniques in favor of a more fluid approach.”[32]

Hypercompetition (1994) predicted the shift to temporary competitive advantage. In Beating the Commodity Trap (2010), D'Aveni predicted that hypercompetition would give way to commoditization as temporary advantages became shorter and shorter. Strategic Supremacy (2001) predicted the rise of corporate global expansion and the race to build strong spheres of influence to compensate for commoditization in western markets. In Strategic Capitalism (2012), D’Aveni predicted that global corporate competition would affect international dynamics and geopolitical strategies between certain nations. Nations using hypercompetitive principles were winning market share from nations using oligopolistic principles.[33] To cope with these geopolitical challenges, The Pan-Industrial Revolution (2018) foresees industrial competition based on government support for 3D printing technologies that could revive manufacturing in the West over the long run. His work on corporate spheres of influence and geopolitical strategy led him to be described as "the Kissinger of corporate strategy" by Adrian Slywotzky, bestselling author of The Profit Zone and Value Migration. The Times (London) has also described D’Aveni as "strategy's answer to Realpolitik"[34][35][36][11]

D’Aveni is also known for being counterintuitive and flying in the face of conventional wisdom.[37][38] Hypercompetition set out to destroy[39] the prevailing assumptions concerning competition: sustainable competitive advantage and de-escalation of rivalry, as well as other advantages hypothesized by the prevailing strategy framework, the Five Forces Model, which is based on well-known economic principles from oligopoly theory.

A precursor to Clay Christensen’s book, The Innovator’s Dilemma (1997), Hypercompetition argues that market disruption and escalating rivalry can be powerful ways to build strategic momentum. Momentum can undermine the static competitive advantages of oligopolies, by creating temporary competitive advantages that are fierce and fast-paced, as well as destroying entry barriers and escalating rivalry.[10]

Consequently, Marketing News said "De-emphasize your reliance on the traditional static thinking of Harvard professor and competitive guru Michael Porter. Adopt more of the dynamic thinking of Dartmouth professor, Richard D'Aveni....Today's Internet marketers worship at the competitive altar of D'Aveni."[citation needed]

Strategic Supremacy and Strategic Capitalism argue against common economic wisdom which states that open trade will lead to American prosperity. Strategic Capitalism offers an aggressive economic strategy for hypercompetition between capitalistic nations, demonstrating how hypercompetitive methods can be used against Asian competitors. Flying in the face of the open trade movement, these books took on the Washington establishment and mainstream economists years before they recognized that Asian competitors were using hypercompetitive methods against the US, and intentionally eroding the American sphere of influence.[40][38][34][2]

The Pan-industrial Revolution addresses technologies and strategies that contradict traditional industrial strategies formed by Henry Ford and other major industrialists of the 20th century. D’Aveni examines how 3D printing and additive manufacturing will radically shorten supply chains, replace wasteful subtractive manufacturing methods and allow companies to produce multiple industrial products using the same equipment. This shift will allow companies to choose scope over scale and allow firms to be more diversified than today.[38][34][2]

Overall, D’Aveni's research led The Times (London) to call him “A pragmatist in a world dominated by Ivy League theorists, D'Aveni is the champion of dynamic strategy over static analysis”.[36]

Awards edit

  • Inducted into the Thinkers50 Hall of Fame in 2020[11]
  • Winner of the Thinkers50 2017 Strategy Award[11]
  • Shortlisted for the Thinkers50 2019 Breakthrough Idea Award, the Thinkers50 2015 Strategy Award, and the Thinkers50 2011 Strategy Award[11]
  • Winner of the Visionary Thought Leader Award 2018, Women's Economic Forum, May 2018[41]
  • Winner of the A.T. Kearney Award from the Strategic Management Society (1987)[12]

Recognition of D'Aveni edit

  • Acclaimed as “The Tuck School's iconic professor” [28][30][36]
  • Named among the "Seven Most Influential Strategic Theorists" by the Corporate Strategy Board, Strategy Resource Guide, 1999 [28][30][42]
  • Named as one of two important management “gurus” to emerge in the mid-1990s, European Management Journal, 1996[26]
  • Listed as one of the "Top Living Business Gurus" in What's the Big Idea by Tom Davenport and Larry Prusak, Harvard Business Press 2003 [28][30][43]
  • Named as one of the five American general management scholars most likely to influence management thinking in the future, by WirtschaftsWoche (Germany's Business Week)[44]
  • Likened by Fortune Magazine to a modern version of Sun Tzu, the ancient Chinese master of military strategy and author of The Art of War.[9]

Recognition of works edit

  • 2018 Article selected for inclusion in Harvard Business Review’s 2019 Ten Must Reads on the New Machine Age, January 15, 2019 [45]
  • 2015 Article selected for inclusion in Harvard Business Review’’’s Ten Must Reads 2016: The Definitive Management Ideas of the Year, December 1, 2015 [46]
  • Ranked in the top 1% of published articles in the Business category (2010 – 2014)[47] by the Web of Science for “The Age of Temporary Advantage”[4]
  • Article nominated for SMS's McKinsey Best Paper Award, 2004 [28][29]
  • Hypercompetition selected as one of the 20 most important strategy books of all time, according to a vote by European management faculty, Nejenrode Management Review, 1997[30]

Publications edit

Books edit

  • Hypercompetition: Managing the Dynamics of Strategic Maneuvering. The Free Press, 1994 (with Robert Gunther).
  • Hypercompetitive Rivalries: Competing in Highly Dynamic Environments. The Free Press, 1995 (plus Instructor’s Manual).
  • Managing in Times of Disorder: Hypercompetitive Organizational Responses. Sage Publications, 1998. (Co-edited with Anne Ilinitch and Arie Lewin).
  • Strategic Supremacy: How Industry Leaders Create Growth, Wealth and Power Through Spheres of Influence. The Free Press, December, 2001.
  • Beating the Commodity Trap: How to Maximize Your Competitive Position and Improve Your Pricing Power. Harvard Business Press, 2010.
  • Strategic Capitalism: The New Economic Strategy for Winning the Capitalist Cold War. McGraw-Hill, 2012.
  • The Pan-Industrial Revolution: How New Manufacturing Titans Will Transform the World, Houghton Mifflin Harcourt, 2018.

Selected articles edit

3D Printing and the future of manufacturing
  • “How to Make 3D Printing Better,” Harvard Business Review, September 25, 2020 (with Ankush Venkatesh)
  • “The 3-D Printing Playbook: Business Models for Additive Manufacturing,” Harvard Business Review, pp. 106–113, July–August, 2018, The Magazine, Selected for inclusion in Harvard Business Review’s 2019 Ten Must Reads on the New Machine Age, January 15, 2019
  • “The 3-D Printing Revolution,” Harvard Business Review, May, 2015. Selected for inclusion in Harvard Business Review’s Ten Must Reads 2016: The Definitive Management Ideas of the Year
  • “3-D Printing Will Change the World,” Harvard Business Review, March 10, 2013 3-D Printing Will Change the World
  • “The Time to Think About the 3D Printed Future,” Harvard Business Review, May 2015 The Time to Think About the 3D-Printed Future Is Now
  • “3D Printing might Revive Conglomerates in the Long-term,” Harvard Business Review, May 2015 3D Printing Will Revive Conglomerates
  • “Get your Organization Ready for 3D Printing,” Harvard Business Review, June 2015 Get Your Organization Ready for 3D Printing
  • “The End of Focus: A New Wave of Manufacturers will Choose Scope over Scale,” MIT/Sloan Management Review, Digital Edition, Reprint #58413, Summer, 2017 Choosing Scope Over Focus
  • “Choosing Scope Over Scale,” MIT/Sloan Management Review, Summer 2017
  • “2020: A Space Odyssey.” Forbes, Feb 2021 (with Ankush Venkatesh) 2020: A Space Odyssey
  • “The Coronavirus Won’t Boost 3D Printing.” Forbes, Feb 2020 The Coronavirus Won’t Boost 3D Printing
  • “3D Printing Ad Astra.” Forbes, Oct 2019 3D Printing Ad Astra
  • “Transforming the Digital Factory.” Forbes, May 2019 Transforming the Digital Factory
  • “How 3D Printing Can Jumpstart Developing Economies.” Forbes, Mar 2019 How 3-D Printing Can Jumpstart Developing Economies
  • “The Silver Lining in the US Manufacturing Slowdown.” Forbes, Jan 2019 The Silver Lining In The U.S. Manufacturing Slowdown
  • “Who Needs the Paris Climate Accords When You Have 3D Printing?” Forbes, Aug 2017 Who Needs The Paris Climate Accords When You Have 3D Printing?
  • “Ford Motor Company and Choosing to Lose.” Forbes, May 2017 Ford Motor And Choosing To Lose
  • “Printing the Future: The Last Bastion of Blue Collar Labor is About to Fall.” Forbes, Apr 2017, Printing The Future: The Last Bastion Of Blue Collar Labor Is About To Fall
  • “Tesla’s Sky-High Stock Is A Sign of Wall Street Losing Its Focus on Focus.” Forbes, Apr 2017 Tesla's Sky-High Stock Is A Sign Of Wall Street Losing Its Focus On Focus
Temporary competitive advantage and hypercompetition
  • “When Consumers Win, Who Loses?” Harvard Business Review, September 1, 2012 When Consumers Win, Who Loses?
  • “Mapping Your Competitive Position,” Harvard Business Review, November, 2007 Mapping Your Competitive Position
  • “The Empire Strikes Back: Counter Revolutionary Strategies for Industry Leaders.” Harvard Business Review, November, 2002, pp. 66–74
  • “Jack Welch in Retrospect: Transformation Good and Bad”, Forbes, Mar 2020 Jack Welch In Retrospect: Transformation Good And Bad
  • “An IPO for the PO.” Forbes, Nov 2013 An IPO For The P.O.
  • “The Rise of Hypercompetition in the US Manufacturing Sector, 1950 to 2002.” SSRN, 2004 (with L.G. Thomas). Nominated for the SMS’s McKinsey Best Paper Award, October, 2004
  • “Strategic Supremacy through Disruption and Dominance.” MIT Sloan Management Review, spring 1999, 40(3): 127-135
  • “Waking Up to the New Era of Hypercompetition.” The Washington Quarterly, winter 1998
  • “The Age of Temporary Advantage,” Strategic Management Journal, December 2010, 31(13): 1371-1385 (with Giovanni Battista Dagnino and Ken G. Smith)
Global strategy, spheres of influence, and geopolitical maneuvering
  • “Leaders of the Pack: A Look at Strategies for Securing Market Domination—and Keeping It.” Wall Street Journal, March 3–4, 2007, Leaders of the Pack
  • “Spheres of Influence: Constructing a Forcefield to Deflect Competitors” Financial Times of London, Friday, August 16, 2002, p. 9
  • “The China Bubble,” Foreign Policy, September 1, 2012 The China Bubble
  • “A Better Way for Trump to Respond to China.” Forbes, May 2017 A Better Way For Trump To Respond To China
  • “America Goes to Rehab: The Shutdown and Kicking the Habit of Crackonomics.” Forbes, Oct 2013, America Goes To Rehab: The Shutdown And Kicking The Habit Of Crackonomics
  • “Crackonomics: An Economy and An Economic Theory on Crack.” Forbes, Sep 2013 Crackonomics: An Economy And An Economic Theory On Crack
  • “Corporate Spheres of Influence.” MIT Sloan Management Review, summer, 2004, 45(4):38-46
  • “The Balance of Power.” MIT Sloan Management Review, summer, 2004 The Balance of Power
  • “Competitive Pressure Systems: Mapping and Managing Multi-market Contact.” MIT Sloan Management Review, fall, 2002, 44(1):39-49 (SMR Best Seller List)

References edit

  1. ^ "An Army Transformed: USINDOPACOM Hypercompetition and US Army Theater Design" (PDF). Publications.armywarcollege.edu. pp. 1, 20. Retrieved 7 April 2022.
  2. ^ a b c d e Brightline Initiative; Thinkers50 (2017). Strategy@work: From Design to Delivery. Thinkers50. ISBN 9781999873400.{{cite book}}: CS1 maint: numeric names: authors list (link)
  3. ^ a b Ilinitch, Anne Y.; D'Aveni, Richard A.; Lewin, Arie Y. (1996). "New Organizational Forms and Strategies for Managing in Hypercompetitive Environments". Organization Science. 7 (3): 211–220. doi:10.1287/orsc.7.3.211.
  4. ^ a b c D'Aveni, Richard A.; Dagnino, Giovanni Battista; Smith, Ken G. (27 October 2010). "The Age of Temporary Advantage". Strategic Management Journal. 31 (13): 1371–1385. doi:10.1002/smj.897.
  5. ^ "Richard d'Aveni". Hmhbooks.com.
  6. ^ "Richard A. D'Aveni". Tuck.dartmouth.edu. Tuck School of Business. Retrieved 9 September 2021.
  7. ^ Lengnick-Hall, Cynthia A.; Wolff, James A. (1999). "Similarities and Contradictions in the Core Logic of Three Strategy Research Streams". Strategic Management Journal. 20 (12): 1109–1132. doi:10.1002/(SICI)1097-0266(199912)20:12<1109::AID-SMJ65>3.0.CO;2-8. JSTOR 3094081.
  8. ^ a b Freier, Nathan; Schaus, John; Braun, William (July 2020). An Army Transformed: USINDOPACOM Hypercompetition and US Army Theater Design (PDF) (Report). US Army War College, Strategic Studies Institute.
  9. ^ a b Fierman, Jaclyn; Barlyn, Suzanne (15 May 1995). "When Genteel Rivals Become Mortal Enemies". Fortune.
  10. ^ a b D'Aveni, Richard A.; Gunther, Robert (1994). Hypercompetition. Free Press.
  11. ^ a b c d e f "Hall of Fame". Thinkers50. 7 November 2013. Retrieved 9 September 2021.
  12. ^ a b c "Dissertation Awards - Purdue Krannert". Krannert.purdue.edu. Retrieved 7 April 2022.
  13. ^ "2020 Hall of Fame". Purdue University Krannert School of Management. Purdue University. Retrieved March 19, 2022.
  14. ^ Richard Anthony D'Aveni (September 1995). Hypercompetitive Rivalries: Competing in Highly Dynamic Environments. Free Press. ISBN 978-0-02-874112-3.
  15. ^ Richard Anthony D'Aveni (12 January 2010). Beating the Commodity Trap: How to Maximize Your Competitive Position and Increase Your Pricing Power. Harvard Business Press. ISBN 978-1-42-210315-9.
  16. ^ Richard Anthony D'Aveni (2018). The Pan-Industrial Revolution: How New Manufacturing Titans Will Transform the World. Houghton Mifflin Harcourt. ISBN 978-1-32-860669-3.
  17. ^ D'Aveni, Richard Anthony (2007). Strategic Supremacy: How Industry Leaders Create Growth, Wealth, and Power through Spheres of Influence. Free Press. ISBN 978-1-41-657647-1.
  18. ^ Richard Anthony D'Aveni (2012). Strategic Capitalism: The New Economic Strategy for Winning the Capitalist Cold War. McGraw Hill Professional. ISBN 978-0-07-178117-6.
  19. ^ "D'Aveni, Richard". Encyclopedia.com. Retrieved 9 September 2021.
  20. ^ "The Timing and Know-How Arena, The Strongholds Arena, The Deep Pockets Arena - Strategic Management in the 21st Century. Theories of Strategic Management". Ebrary.net. 2020-12-20. Retrieved 2022-04-07.
  21. ^ Wiggins, Robert (May 2013). Hypercompetition in the 21st Century: A Look Back and a Look Forward.
  22. ^ "Google Scholar". Scholar.google.com. Retrieved 7 April 2022.
  23. ^ "Prof. Richard D'Aveni". Wef.org.in. 31 December 2016. Retrieved 7 April 2022.
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  26. ^ a b c d e f g "Richard A. D'Aveni : Academic Vitae" (PDF). Daveni.tuck.dartmouth.edu. Retrieved 7 April 2022.
  27. ^ "Presidential Gallery". Aom.org. Retrieved 7 April 2022.
  28. ^ a b c d e f g "Richard A. d'Aveni". Tuck.dartmouth.edu.
  29. ^ a b c d "Richard D'Aveni". Daveni.tuck.dartmouth.edu. Retrieved 2022-04-07.
  30. ^ a b c d e f "MBA : D'Aveni and the art of business" (PDF). Mba.tuck.dartmouth.edu. 28 February 2008. p. 12. Retrieved 7 April 2022.
  31. ^ "Tuck Professor Says 3-D Printing Will Eliminate Supply Chains". Tuck.dartmouth.edu.
  32. ^ "Full text of "Financial Times , 1997, UK, English"". Archive.org. Retrieved 7 April 2022.
  33. ^ Porter, Michael E. (June 1998). Competitive Advantage of Nations. ISBN 9780684841472.
  34. ^ a b c "An Interview with Richard d'Aveni". Management-issues.com.
  35. ^ ""The Kissinger of Corporate Strategy"". Thinkers50.com. 9 October 2020.
  36. ^ a b c Crainer, Stuart (28 February 2008). "D'Aveni and the Art of Business". The Times.
  37. ^ Belasen, A. (2000). Leading the Learning Organization: Communication and Competencies for Managing Change, Albany, NY: SUNY Press, page xviii
  38. ^ a b c "Beating the Commodity Trap: An interview with Richard d'Aveni". Emeraldgrouppublishing.com.
  39. ^ "Facing the Challenge of HyperCompetition-- Fast, Smart, Bold: Traditional Competitive Strategies are Not Sustainable". Bizshifts-trends.com. 6 September 2012.
  40. ^ Lengnick-Hall, Cynthia A.; Wolff, James A. (1999). "Similarities and Contradictions in the Core Logic of Three Strategy Research Streams". Strategic Management Journal. 20 (12): 1109–1132. doi:10.1002/(SICI)1097-0266(199912)20:12<1109::AID-SMJ65>3.0.CO;2-8. JSTOR 3094081.
  41. ^ "Prof. Richard d'Aveni | WEF". 31 December 2016.
  42. ^ Corporate Strategy Board – Strategy Resource Guide, Catalog No.: 071-236-971, Published 1999 by Corporate Executive Board
  43. ^ What's the Big Idea?, by Tom Davenport and Larry Prusak, Harvard Business Press, 2003
  44. ^ WirtschaftsWoche Vol. 46, pages 68 to 76, Nov. 6, 1992
  45. ^ "HBR's 10 Must Reads on AI, Analytics, and the New Machine Age (Paperback + Ebook) ^ 1073BN". Store.hbr.org. Retrieved 7 April 2022.
  46. ^ "HBR's 10 Must Reads 2016: The Definitive Management Ideas of the Year from Harvard Business Review (with bonus McKinsey Award-Winning article "Profits Without Prosperity") ^ 15025". Store.hbr.org. Retrieved 7 April 2022.
  47. ^ Article ranked 215 out of 27,946 articles in the Business category, based on the number of citations from 2010 to 2014 by the Web of Science

External links edit

  • Richard D'Aveni's Tuck Faculty Profile
  • Thinkers 50 Profile
  • Financial Times Review of Beating the Commodity Trap
  • A Bloomberg TV interview with D'Aveni
  • D'Aveni's Business Educators Member Profile

richard, aveni, richard, aveni, american, academic, thought, leader, business, consultant, bestselling, author, bakala, professor, strategy, tuck, school, business, dartmouth, college, best, known, creating, paradigm, business, strategy, coining, term, hyperco. Richard A D Aveni is an American academic thought leader business consultant bestselling author 5 and the Bakala Professor of Strategy at the Tuck School of Business at Dartmouth College 6 He is best known for creating a new paradigm in business strategy and coining the term hypercompetition 7 8 2 which led Fortune to liken him to a modern version of Sun Tzu 9 Richard D AveniBorn1953 1953 Cambridge Massachusetts USNationalityItalian AmericanSiglumRADAlma materCornell University A B Columbia University Ph D Occupation s Professor of Strategy at Dartmouth College Consultant Author Keynote SpeakerKnown forHypercompetition HC D Aveni s 7S frameworkFour Arenas AnalysisNotable workHC adopted as doctrine by USINDOPACOM 1 Changed the lexicon by coining the term HC 2 Two special issues on HC in academic journals 3 4 Websitedaveni wbr tuck wbr dartmouth wbr edu Contents 1 Career 2 Early life 3 Education and career 4 Strategic principles and predictions 5 Awards 6 Recognition of D Aveni 7 Recognition of works 8 Publications 8 1 Books 8 2 Selected articles 9 References 10 External linksCareer editHypercompetition involves rapid fierce and disruptive rivalry in an industry Such industries cause shorter term advantages frenzied maneuvering and proactive strikes on oligopolistic leaders of the industry The goal is to undermine long term advantages such as product positioning technology and know how profitable strongholds and deep pockets financial and political clout This is in sharp contrast to other models of business strategy such as oligopolistic models which rely on long term advantages created by the same competitive advantages that hypercompetition seeks to undermine obsolesce mute or neutralize 10 D Aveni was inducted into the Thinkers50 Hall of Fame in 2020 for his work on hypercompetition and additive manufacturing strategy including strategies based on temporary advantage and disruption 11 He also received the Thinkers50 Distinguished Achievement Award in the category of Strategy in 2017 and the prestigious A T Kearney Award from the Strategic Management Society 12 13 His areas of research include competitive strategy Hypercompetition Hypercompetitive Rivalries 14 market disruption strategy Hypercompetition Beating the Commodity Trap 15 technological strategy The Pan Industrial Revolution 16 global strategy Strategic Supremacy 17 and competition between capitalist systems Strategic Capitalism 18 All of these books were based on the principles first set out in Hypercompetition The principles of Hypercompetition were adopted as doctrine July 2020 by the US Indo Pacific Command USINDOPACOM US Army War College and the Strategic Studies Institute in An Army Transformed USINDOPACOM Hypercompetition and US Army Theater Design 8 The USINDOPACOM is responsible for all integrated military actions in India Vietnam Japan Korea Indonesia China Australia New Zealand and Hawaii D Aveni is a frequent contributor to business publications such as Forbes Harvard Business Review The Financial Times The Wall Street Journal the Washington Post and the MIT Sloan Management Review He is the author of numerous academic articles in A level journals such as Strategic Management Journal Academy of Management Journal Administrative Science Quarterly Management Science and Organization Science He has also served on the editorial boards of most of these journals with over 20 years of service 19 D Aveni is one of only a few people to have been honored with two special issues on his research 3 4 Hypercompetition has had a salubrious impact on strategy research generally The resource based view has clearly evolved from static resources toward dynamic capabilities which stresses the ability to manage and organize various types of resources dynamically and thus increasingly incorporates a more explicit hypercompetitive view of sequential advantages 20 21 D Aveni s publications about hypercompetition have been cited more than 10 000 times in the academic literature 22 He was a World Economic Forum Fellow 1995 2000 23 and sat on the Board of Scholars of the Chief Executive Institute at Yale University 24 D Aveni s other published works on organizational decline top management teams and vertical integration have been cited almost 10 000 times in the academic literature 25 Early life editRichard D Aveni was born in Cambridge Massachusetts in 1953 He is a Sicilian American who grew up in an Italian American neighborhood outside of Boston MA 26 Education and career editHe started his collegiate education at Cornell University s College of Arts amp Sciences and graduated with an A B cum laude in 1975 He majored in Government Studies and minored in Chemistry He continued his education at Suffolk University s School of Law JD 1979 and Boston University s Graduate School of Management MBA 1979 evening programs He graduated from both programs cum laude D Aveni earned these two degrees simultaneously while working full time on the Governor of Massachusetts staff and the House Speaker s staff for the State of Massachusetts 26 After graduation he became a Member of the Bar in Massachusetts and the Federal and District Court of Appeals 1979 D Aveni then worked at Coopers amp Lybrand in its tax division from 1979 to 1982 and received his CPA in 1982 D Aveni pursued his PhD at Columbia University s Graduate School of Business under Donald C Hambrick and graduated in 1987 26 While there he focused on Strategic Management Management of Organizations and completed his dissertation 12 under the supervision of Donald C Hambrick past president of the Academy of Management and the leading scholar in CEOs and top management teams 27 D Aveni began his teaching career at Keenan Flagler School of Business at the University of North Carolina Chapel Hill as an Assistant Professor of Business Administration D Aveni then became an Assistant Professor of Business Administration at the Tuck School of Business at Dartmouth College in 1988 While an Assistant Professor he was mentored by James Brian Quinn winner of three McKinsey Awards prior to 1980 D Aveni advanced to the position of Associate Professor of Business Administration in 1992 and achieved tenure in 1993 Richard A D Aveni was promoted to Full Professor of Strategic Management in 1996 and became the distinguished Bakala Professor of Strategy in 2011 a post he held until his retirement in 2022 28 29 26 During his time at the Tuck School of Business D Aveni was a founding faculty member of various international business schools in Israel Japan Mexico and Vietnam He taught in numerous senior executive education programs at Tuck Bocconi Wharton and Yale 28 29 26 30 While at Tuck D Aveni was also a popular keynote speaker for over two hundred Fortune500 companies and conferences In addition he acted as a strategy consultant or advisor to numerous CEOs in the Fortune 500 At one point D Aveni was advisor to half of the Fortune 10 CEOs From 2000 to 2021 he was the principal advisor and sounding board for over ten patriarchs of the Forbes top 100 richest families in the world 28 29 26 30 2 Strategic principles and predictions edit There are few authors with the prescience that D Aveni has had says strategy guru Gary Hamel Each of his books accurately predicted major shifts in the nature of competition and the economy 11 31 Mr D Aveni and Mr Hamel reject formulaic management techniques in favor of a more fluid approach 32 Hypercompetition 1994 predicted the shift to temporary competitive advantage In Beating the Commodity Trap 2010 D Aveni predicted that hypercompetition would give way to commoditization as temporary advantages became shorter and shorter Strategic Supremacy 2001 predicted the rise of corporate global expansion and the race to build strong spheres of influence to compensate for commoditization in western markets In Strategic Capitalism 2012 D Aveni predicted that global corporate competition would affect international dynamics and geopolitical strategies between certain nations Nations using hypercompetitive principles were winning market share from nations using oligopolistic principles 33 To cope with these geopolitical challenges The Pan Industrial Revolution 2018 foresees industrial competition based on government support for 3D printing technologies that could revive manufacturing in the West over the long run His work on corporate spheres of influence and geopolitical strategy led him to be described as the Kissinger of corporate strategy by Adrian Slywotzky bestselling author of The Profit Zone and Value Migration The Times London has also described D Aveni as strategy s answer to Realpolitik 34 35 36 11 D Aveni is also known for being counterintuitive and flying in the face of conventional wisdom 37 38 Hypercompetition set out to destroy 39 the prevailing assumptions concerning competition sustainable competitive advantage and de escalation of rivalry as well as other advantages hypothesized by the prevailing strategy framework the Five Forces Model which is based on well known economic principles from oligopoly theory A precursor to Clay Christensen s book The Innovator s Dilemma 1997 Hypercompetition argues that market disruption and escalating rivalry can be powerful ways to build strategic momentum Momentum can undermine the static competitive advantages of oligopolies by creating temporary competitive advantages that are fierce and fast paced as well as destroying entry barriers and escalating rivalry 10 Consequently Marketing News said De emphasize your reliance on the traditional static thinking of Harvard professor and competitive guru Michael Porter Adopt more of the dynamic thinking of Dartmouth professor Richard D Aveni Today s Internet marketers worship at the competitive altar of D Aveni citation needed Strategic Supremacy and Strategic Capitalism argue against common economic wisdom which states that open trade will lead to American prosperity Strategic Capitalism offers an aggressive economic strategy for hypercompetition between capitalistic nations demonstrating how hypercompetitive methods can be used against Asian competitors Flying in the face of the open trade movement these books took on the Washington establishment and mainstream economists years before they recognized that Asian competitors were using hypercompetitive methods against the US and intentionally eroding the American sphere of influence 40 38 34 2 The Pan industrial Revolution addresses technologies and strategies that contradict traditional industrial strategies formed by Henry Ford and other major industrialists of the 20th century D Aveni examines how 3D printing and additive manufacturing will radically shorten supply chains replace wasteful subtractive manufacturing methods and allow companies to produce multiple industrial products using the same equipment This shift will allow companies to choose scope over scale and allow firms to be more diversified than today 38 34 2 Overall D Aveni s research led The Times London to call him A pragmatist in a world dominated by Ivy League theorists D Aveni is the champion of dynamic strategy over static analysis 36 Awards editInducted into the Thinkers50 Hall of Fame in 2020 11 Winner of the Thinkers50 2017 Strategy Award 11 Shortlisted for the Thinkers50 2019 Breakthrough Idea Award the Thinkers50 2015 Strategy Award and the Thinkers50 2011 Strategy Award 11 Winner of the Visionary Thought Leader Award 2018 Women s Economic Forum May 2018 41 Winner of the A T Kearney Award from the Strategic Management Society 1987 12 Recognition of D Aveni editAcclaimed as The Tuck School s iconic professor 28 30 36 Named among the Seven Most Influential Strategic Theorists by the Corporate Strategy Board Strategy Resource Guide 1999 28 30 42 Named as one of two important management gurus to emerge in the mid 1990s European Management Journal 1996 26 Listed as one of the Top Living Business Gurus in What s the Big Idea by Tom Davenport and Larry Prusak Harvard Business Press 2003 28 30 43 Named as one of the five American general management scholars most likely to influence management thinking in the future by WirtschaftsWoche Germany s Business Week 44 Likened by Fortune Magazine to a modern version of Sun Tzu the ancient Chinese master of military strategy and author of The Art of War 9 Recognition of works edit2018 Article selected for inclusion in Harvard Business Review s 2019 Ten Must Reads on the New Machine Age January 15 2019 45 2015 Article selected for inclusion in Harvard Business Review s Ten Must Reads 2016 The Definitive Management Ideas of the Year December 1 2015 46 Ranked in the top 1 of published articles in the Business category 2010 2014 47 by the Web of Science for The Age of Temporary Advantage 4 Article nominated for SMS s McKinsey Best Paper Award 2004 28 29 Hypercompetition selected as one of the 20 most important strategy books of all time according to a vote by European management faculty Nejenrode Management Review 1997 30 Publications editBooks edit Hypercompetition Managing the Dynamics of Strategic Maneuvering The Free Press 1994 with Robert Gunther Hypercompetitive Rivalries Competing in Highly Dynamic Environments The Free Press 1995 plus Instructor s Manual Managing in Times of Disorder Hypercompetitive Organizational Responses Sage Publications 1998 Co edited with Anne Ilinitch and Arie Lewin Strategic Supremacy How Industry Leaders Create Growth Wealth and Power Through Spheres of Influence The Free Press December 2001 Beating the Commodity Trap How to Maximize Your Competitive Position and Improve Your Pricing Power Harvard Business Press 2010 Strategic Capitalism The New Economic Strategy for Winning the Capitalist Cold War McGraw Hill 2012 The Pan Industrial Revolution How New Manufacturing Titans Will Transform the World Houghton Mifflin Harcourt 2018 Selected articles edit 3D Printing and the future of manufacturing How to Make 3D Printing Better Harvard Business Review September 25 2020 with Ankush Venkatesh The 3 D Printing Playbook Business Models for Additive Manufacturing Harvard Business Review pp 106 113 July August 2018 The Magazine Selected for inclusion in Harvard Business Review s 2019 Ten Must Reads on the New Machine Age January 15 2019 The 3 D Printing Revolution Harvard Business Review May 2015 Selected for inclusion in Harvard Business Review s Ten Must Reads 2016 The Definitive Management Ideas of the Year 3 D Printing Will Change the World Harvard Business Review March 10 2013 3 D Printing Will Change the World The Time to Think About the 3D Printed Future Harvard Business Review May 2015 The Time to Think About the 3D Printed Future Is Now 3D Printing might Revive Conglomerates in the Long term Harvard Business Review May 2015 3D Printing Will Revive Conglomerates Get your Organization Ready for 3D Printing Harvard Business Review June 2015 Get Your Organization Ready for 3D Printing The End of Focus A New Wave of Manufacturers will Choose Scope over Scale MIT Sloan Management Review Digital Edition Reprint 58413 Summer 2017 Choosing Scope Over Focus Choosing Scope Over Scale MIT Sloan Management Review Summer 2017 2020 A Space Odyssey Forbes Feb 2021 with Ankush Venkatesh 2020 A Space Odyssey The Coronavirus Won t Boost 3D Printing Forbes Feb 2020 The Coronavirus Won t Boost 3D Printing 3D Printing Ad Astra Forbes Oct 2019 3D Printing Ad Astra Transforming the Digital Factory Forbes May 2019 Transforming the Digital Factory How 3D Printing Can Jumpstart Developing Economies Forbes Mar 2019 How 3 D Printing Can Jumpstart Developing Economies The Silver Lining in the US Manufacturing Slowdown Forbes Jan 2019 The Silver Lining In The U S Manufacturing Slowdown Who Needs the Paris Climate Accords When You Have 3D Printing Forbes Aug 2017 Who Needs The Paris Climate Accords When You Have 3D Printing Ford Motor Company and Choosing to Lose Forbes May 2017 Ford Motor And Choosing To Lose Printing the Future The Last Bastion of Blue Collar Labor is About to Fall Forbes Apr 2017 Printing The Future The Last Bastion Of Blue Collar Labor Is About To Fall Tesla s Sky High Stock Is A Sign of Wall Street Losing Its Focus on Focus Forbes Apr 2017 Tesla s Sky High Stock Is A Sign Of Wall Street Losing Its Focus On Focus Temporary competitive advantage and hypercompetition When Consumers Win Who Loses Harvard Business Review September 1 2012 When Consumers Win Who Loses Mapping Your Competitive Position Harvard Business Review November 2007 Mapping Your Competitive Position The Empire Strikes Back Counter Revolutionary Strategies for Industry Leaders Harvard Business Review November 2002 pp 66 74 Jack Welch in Retrospect Transformation Good and Bad Forbes Mar 2020 Jack Welch In Retrospect Transformation Good And Bad An IPO for the PO Forbes Nov 2013 An IPO For The P O The Rise of Hypercompetition in the US Manufacturing Sector 1950 to 2002 SSRN 2004 with L G Thomas Nominated for the SMS s McKinsey Best Paper Award October 2004 Strategic Supremacy through Disruption and Dominance MIT Sloan Management Review spring 1999 40 3 127 135 Waking Up to the New Era of Hypercompetition The Washington Quarterly winter 1998 The Age of Temporary Advantage Strategic Management Journal December 2010 31 13 1371 1385 with Giovanni Battista Dagnino and Ken G Smith Global strategy spheres of influence and geopolitical maneuvering Leaders of the Pack A Look at Strategies for Securing Market Domination and Keeping It Wall Street Journal March 3 4 2007 Leaders of the Pack Spheres of Influence Constructing a Forcefield to Deflect Competitors Financial Times of London Friday August 16 2002 p 9 The China Bubble Foreign Policy September 1 2012 The China Bubble A Better Way for Trump to Respond to China Forbes May 2017 A Better Way For Trump To Respond To China America Goes to Rehab The Shutdown and Kicking the Habit of Crackonomics Forbes Oct 2013 America Goes To Rehab The Shutdown And Kicking The Habit Of Crackonomics Crackonomics An Economy and An Economic Theory on Crack Forbes Sep 2013 Crackonomics An Economy And An Economic Theory On Crack Corporate Spheres of Influence MIT Sloan Management Review summer 2004 45 4 38 46 The Balance of Power MIT Sloan Management Review summer 2004 The Balance of Power Competitive Pressure Systems Mapping and Managing Multi market Contact MIT Sloan Management Review fall 2002 44 1 39 49 SMR Best Seller List References edit An Army Transformed USINDOPACOM Hypercompetition and US Army Theater Design PDF Publications armywarcollege edu pp 1 20 Retrieved 7 April 2022 a b c d e Brightline Initiative Thinkers50 2017 Strategy work From Design to Delivery Thinkers50 ISBN 9781999873400 a href Template Cite book html title Template Cite book cite book a CS1 maint numeric names authors list link a b Ilinitch Anne Y D Aveni Richard A Lewin Arie Y 1996 New Organizational Forms and Strategies for Managing in Hypercompetitive Environments Organization Science 7 3 211 220 doi 10 1287 orsc 7 3 211 a b c D Aveni Richard A Dagnino Giovanni Battista Smith Ken G 27 October 2010 The Age of Temporary Advantage Strategic Management Journal 31 13 1371 1385 doi 10 1002 smj 897 Richard d Aveni Hmhbooks com Richard A D Aveni Tuck dartmouth edu Tuck School of Business Retrieved 9 September 2021 Lengnick Hall Cynthia A Wolff James A 1999 Similarities and Contradictions in the Core Logic of Three Strategy Research Streams Strategic Management Journal 20 12 1109 1132 doi 10 1002 SICI 1097 0266 199912 20 12 lt 1109 AID SMJ65 gt 3 0 CO 2 8 JSTOR 3094081 a b Freier Nathan Schaus John Braun William July 2020 An Army Transformed USINDOPACOM Hypercompetition and US Army Theater Design PDF Report US Army War College Strategic Studies Institute a b Fierman Jaclyn Barlyn Suzanne 15 May 1995 When Genteel Rivals Become Mortal Enemies Fortune a b D Aveni Richard A Gunther Robert 1994 Hypercompetition Free Press a b c d e f Hall of Fame Thinkers50 7 November 2013 Retrieved 9 September 2021 a b c Dissertation Awards Purdue Krannert Krannert purdue edu Retrieved 7 April 2022 2020 Hall of Fame Purdue University Krannert School of Management Purdue University Retrieved March 19 2022 Richard Anthony D Aveni September 1995 Hypercompetitive Rivalries Competing in Highly Dynamic Environments Free Press ISBN 978 0 02 874112 3 Richard Anthony D Aveni 12 January 2010 Beating the Commodity Trap How to Maximize Your Competitive Position and Increase Your Pricing Power Harvard Business Press ISBN 978 1 42 210315 9 Richard Anthony D Aveni 2018 The Pan Industrial Revolution How New Manufacturing Titans Will Transform the World Houghton Mifflin Harcourt ISBN 978 1 32 860669 3 D Aveni Richard Anthony 2007 Strategic Supremacy How Industry Leaders Create Growth Wealth and Power through Spheres of Influence Free Press ISBN 978 1 41 657647 1 Richard Anthony D Aveni 2012 Strategic Capitalism The New Economic Strategy for Winning the Capitalist Cold War McGraw Hill Professional ISBN 978 0 07 178117 6 D Aveni Richard Encyclopedia com Retrieved 9 September 2021 The Timing and Know How Arena The Strongholds Arena The Deep Pockets Arena Strategic Management in the 21st Century Theories of Strategic Management Ebrary net 2020 12 20 Retrieved 2022 04 07 Wiggins Robert May 2013 Hypercompetition in the 21st Century A Look Back and a Look Forward Google Scholar Scholar google com Retrieved 7 April 2022 Prof Richard D Aveni Wef org in 31 December 2016 Retrieved 7 April 2022 Scholars Yale School of Management Archived from the original on 2021 08 20 Retrieved 2021 08 20 Google Scholar Scholar google com Retrieved 7 April 2022 a b c d e f g Richard A D Aveni Academic Vitae PDF Daveni tuck dartmouth edu Retrieved 7 April 2022 Presidential Gallery Aom org Retrieved 7 April 2022 a b c d e f g Richard A d Aveni Tuck dartmouth edu a b c d Richard D Aveni Daveni tuck dartmouth edu Retrieved 2022 04 07 a b c d e f MBA D Aveni and the art of business PDF Mba tuck dartmouth edu 28 February 2008 p 12 Retrieved 7 April 2022 Tuck Professor Says 3 D Printing Will Eliminate Supply Chains Tuck dartmouth edu Full text of Financial Times 1997 UK English Archive org Retrieved 7 April 2022 Porter Michael E June 1998 Competitive Advantage of Nations ISBN 9780684841472 a b c An Interview with Richard d Aveni Management issues com The Kissinger of Corporate Strategy Thinkers50 com 9 October 2020 a b c Crainer Stuart 28 February 2008 D Aveni and the Art of Business The Times Belasen A 2000 Leading the Learning Organization Communication and Competencies for Managing Change Albany NY SUNY Press page xviii a b c Beating the Commodity Trap An interview with Richard d Aveni Emeraldgrouppublishing com Facing the Challenge of HyperCompetition Fast Smart Bold Traditional Competitive Strategies are Not Sustainable Bizshifts trends com 6 September 2012 Lengnick Hall Cynthia A Wolff James A 1999 Similarities and Contradictions in the Core Logic of Three Strategy Research Streams Strategic Management Journal 20 12 1109 1132 doi 10 1002 SICI 1097 0266 199912 20 12 lt 1109 AID SMJ65 gt 3 0 CO 2 8 JSTOR 3094081 Prof Richard d Aveni WEF 31 December 2016 Corporate Strategy Board Strategy Resource Guide Catalog No 071 236 971 Published 1999 by Corporate Executive Board What s the Big Idea by Tom Davenport and Larry Prusak Harvard Business Press 2003 WirtschaftsWoche Vol 46 pages 68 to 76 Nov 6 1992 HBR s 10 Must Reads on AI Analytics and the New Machine Age Paperback Ebook 1073BN Store hbr org Retrieved 7 April 2022 HBR s 10 Must Reads 2016 The Definitive Management Ideas of the Year from Harvard Business Review with bonus McKinsey Award Winning article Profits Without Prosperity 15025 Store hbr org Retrieved 7 April 2022 Article ranked 215 out of 27 946 articles in the Business category based on the number of citations from 2010 to 2014 by the Web of ScienceExternal links edit nbsp Wikiquote has quotations related to Richard D Aveni Richard D Aveni s Tuck Faculty Profile Thinkers 50 Profile Financial Times Review of Beating the Commodity Trap A Bloomberg TV interview with D Aveni D Aveni on Tuck and the Changing Face of Strategy D Aveni s Business Educators Member Profile Retrieved from https en wikipedia org w index php title Richard D 27Aveni amp oldid 1187683529, wikipedia, wiki, book, books, library,

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