The ‘Strategy Clock’ is based upon the work of Cliff Bowman (see C. Bowman and D. Faulkner ‘Competitve and Corporate Strategy – Irwin – 1996).
Bowman’s Strategy Clock is a framework developed by Cliff Bowman and David Faulkner to help businesses analyze their competitive position in the market and identify potential strategic options. The model is based on two key dimensions: price and perceived value, which are plotted on a clock face with 12 positions.
The 12 positions on the clock represent different strategic options, ranging from low-price/low-value strategies to high-price/high-value strategies. Each position on the clock has its own set of advantages and disadvantages, and different companies may choose to adopt different strategies depending on their competitive position, market conditions, and other factors.
The Bowman’s Strategy Clock is a popular framework in business strategy and has been widely used in both academic and practical settings. It is often used to evaluate the competitive position of a company in relation to its competitors and to identify potential strategic options for the future.
(a)without a price premium:
(b)with a price premium:
It’s another suitable way to analyze a company’s competitive position in comparison to the offerings of competitors. As with Porter’s Generic Strategies, Bowman considers competitive advantage in relation to cost advantage or differentiation advantage. There are six core strategic options:
References:
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