Your Strategy Needs a Strategy

Your Strategy Needs a Strategy

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You think you have a winning strategy. But do you? Executives are bombarded with bestselling ideas and best practices for achieving competitive advantage, but many of these ideas and practices contradict each other. Should you aim to be big or fast? Should you create a blue ocean, be adaptive, play to wina€”or forget about a sustainable competitive advantage altogether? In a business environment that is changing faster and becoming more uncertain and complex almost by the day, ita€™s never been more importanta€”or more difficulta€”to choose the right approach to strategy. In this book, The Boston Consulting Groupa€™s Martin Reeves, Knut HaanAbs, and Janmejaya Sinha offer a proven method to determine the strategy approach that is best for your company. They start by helping you assess your business environmenta€”how unpredictable it is, how much power you have to change it, and how harsh it isa€”a critical component of getting strategy right. They show how existing strategy approaches sort into five categoriesa€”Be Big, Be Fast, Be First, Be the Orchestrator, or simply Be Viablea€”depending on the extent of predictability, malleability, and harshness. In-depth explanations of each of these approaches will provide critical insight to help you match your approach to strategy to your environment, determine when and how to execute each one, and avoid a potentially fatal mismatch. Addressing your most pressing strategic challenges, youa€™ll be able to answer questions such as: a€c What replaces planning when the annual cycle is obsolete? a€c When can wea€”and when should wea€”shape the game to our advantage? a€c How do we simultaneously implement different strategic approaches for different business units? a€c How do we manage the inherent contradictions in formulating and executing different strategies across multiple businesses and geographies? Until now, no book brings it all together and offers a practical tool for understanding which strategic approach to apply. Get started today.Lillian Goleniewski, Telecommunications Essentials: The Complete GlobalSource for Communications Fundamentals, Data Networking and the Internet, and ... Seth Weintraub, a€œApple Acknowledges Use of Corning Gorilla Glass on iPhone, Means Gorilla Glass 2 Likely for iPhone 5, a€ 9to5Mac, March 2, 2012, ... 43. Reed Hastings, a€œNetflix Culture: Freedom and Responsibility, a€ Slideshare, August Notes 233.

Title:Your Strategy Needs a Strategy
Author:Martin Reeves, Knut Haanaes, Janmejaya Sinha
Publisher:Harvard Business Review Press - 2015-05-19


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