Recently, the MIT Sloan School of Management published an article exploring the Entrepreneurial Strategy Compass, developed by Erin L. Scott and Scott Stern. This strategic framework aims to help entrepreneurs navigate conflicting advice and choose the best path to commercialization.
The framework, which outlines four distinct strategies, is mapped along two key dimensions: how startups relate to incumbents (collaborate vs. compete) and where they focus their investment (execution vs. control). To read more about why this matters, click here.
