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Change is the one constant in business, and we must adapt or face obsolescence. Yet certain challenges never go away. That's what makes this book "must hear." These are the 10 seminal articles by management's most influential experts, on topics of perennial concern to ambitious managers and leaders hungry for inspiration - and ready to run with big ideas to accelerate their own and their companies' success. If you listen to nothing else "full stop" hear: Michael Porter on creating competitive advantage and distinguishing your company from rivals, John Kotter on leading change through eight critical stages, Daniel Goleman on using emotional intelligence to maximize performance, Peter Drucker on managing your career by evaluating your own strengths and weaknesses, Clay Christensen on orchestrating innovation within established organizations, Tom Davenport on using analytics to determine how to keep your customers loyal, Robert Kaplan and David Norton on measuring your company's strategy with the Balanced Scorecard, Rosabeth Moss Kanter on avoiding common mistakes when pushing innovation forward, Ted Levitt on understanding who your customers are and what they really want, C. K. Prahalad and Gary Hamel on identifying the unique, integrated systems that support your strategy.
- Sales Rank: #11429 in Audible
- Published on: 2015-08-04
- Released on: 2015-08-04
- Format: Unabridged
- Original language: English
- Running time: 588 minutes
Most helpful customer reviews
69 of 72 people found the following review helpful.
Useful introduction to the ideas of leading strategy experts
By John Gibbs
There are plenty of books available on strategy, but most business leaders do not have a lot of time to read them. Where can you go to get a reasonably-priced introduction to the ideas of some of the leading experts on business strategy? This book provides one possible answer. It includes essays on strategy and the five competitive forces by Michael Porter, building a vision by Collins and Porras, blue ocean strategy by Kim and Mauborgne, and the balanced scorecard by Kaplan and Norton.
Although I found the essays by each of the above-mentioned authors less inspiring and enlightening than their books on the same subjects, this compilation does give a good introduction to their ideas, and will help the reader discern whether to take the next step and read the authors' books. Each essay contains sidebars including an "Idea in Brief" sidebar which will help the busy reader further; however, in the Kindle version the sidebars simply appear in the main text, which interrupts the flow and can lead to confusion.
Not all strategic advice is good advice. In my view the advice given in the essay "Transforming Corner-Office Strategy into Frontline Action" leaves something to be desired. The idea of distilling a company's entire strategy into "one pithy, memorable and descriptive phrase" may appeal to some, but I really struggle to see its value. Examples include AOL ("Consumer Connectivity first - anytime, anywhere"), GE ("Be number one or number two in every industry in which we compete, or get out"), Dell ("Be direct"), and eBay ("Focus on trading communities"). Do any of these actually communicate useful strategies, or are they meaningless mantras?
On the other hand, I found the other essays on essentially the same topic (turning strategy into action) quite useful. "The Secrets to Successful Strategy Execution" by Neilson, Martin and Powers and "Turning Great Strategy into Great Performance" by Mankins and Steele gave some very practical steps which a leadership team can take to make a strategy actually happen. All up, I recommend this book as a valuable introduction to strategy.
24 of 24 people found the following review helpful.
How to create "a unique and valuable position" by deciding what to do...and not do
By Robert Morris
This volume is one of several in a new series of anthologies of articles that initially appeared in the Harvard Business Review, in this instance from 1960 until 2006. Remarkably, none seems dated; on the contrary, if anything, all seem more relevant now than ever before as their authors discuss what are (literally) essential dimensions of formulating and then executing an effective strategy.
My own opinion is that strategies are "hammers" that drive tactics ("nails) and the key is to get a strategy in proper alignment with the ultimate objectives as well as with an organization's various activities. That said, what we have in this volume is a variety of thoughtful perspectives on strategy provide by those who are among the world's most highly-regarded authorities on the subject.
More specifically, the reader learns how to understand what strategy is and isn't as well as what it does and (doesn't) do, and, how to manage/leverage the five competitive forces that shape strategy (Michael E. Porter); also, how to build a company's vision (James C. Collins and Jerry I. Porras), how to reinvent a business model (Mark W. Johnson, Clayton M. Christensen, and Henning Kagermann), how to formulate and then execute a "blue ocean strategy" (W. Chan Kim and Ren�e Mauborgne), how to take full advantage of the "secrets" of effective strategy execution (Gary L. Neilson, Karla L. Martin, and Elizabeth Powers), how to use the Balanced Scorecard as a strategic management system (Robert S. Kaplan and David P. Norton), how to transform corner-office strategy into frontline action (Orit Gadiesh and James L. Gilbert), how to turn great strategy into great performance (Michael C. Mankins and Richard Steele), and gain a much better understanding of how clear decision roles enhance organizational performance (Paul Rogers and Marcia Blenko).
Each article includes two invaluable reader-friendly devices, "Idea in Brief" and "Idea in Practice" sections, that facilitate, indeed expedite review of key points. Some articles also include what I characterize as "business nuggets" in which their authors focus on even more specific subjects such as "Finding New Positions: The Entrepreneurial Edge" (Porter, Page 10), "Big Hairy, Audacious Goals Aid Long-Term Vision" (Collins and Porras, 96), "A snapshot of blue ocean creation" (Kim and Mauborgne, 130-132), "Translation vision and strategy: four perspectives" and "Managing strategy: four processes" (Kaplan and Norton, 172 & 173), and "A Decision-Making Primer" (Rogers and Blenko, 236-237).
These ten articles do not - because they obviously cannot - explain everything that one knows to know and understand about the formulation and execution of an effective strategy. However, I do not know of another single source at this price (currently $14.23 from Amazon) that provides more and better information, insights, and advice that will help leaders to achieve success in the business dimensions explained so well by the authors of the articles in this volume.
18 of 18 people found the following review helpful.
One competitor dominants in a space. Why companies win the space and how they keep it
By Golden Lion
The basics of strategic competition
1. Understand competitive behavior
2. Understand how a strategy will rebalance competitive equilibrium
3. Understand commitment of resources even if deferred benefits
4. The ability to predict risk and return enough to make a commitment
5. The willingness to act
Barriers to entry
1. Scales to production, research, and marketing are barriers
2. To create barriers companies combine economies of scale with brand
3. Capital requirements limit entry into many markets
4. Entrenched companies may have cost advantage not available to potential reviles
5. A new product must displace existing product by cost reduction, promotions, intense selling efforts, or new distribution channels
6. Regulation can limit entry into a business
Suppliers can exert bargaining power by reducing profitability by raising prices or reducing the quality of their products
A supplier is strong if it does not have to contend with other products in the industry
Buyers find alternate suppliers and play one against another to reduce price or improve quality
Highly profitable buyers are less price sensitive . The buyer is interested in quality
Consumers are more sensitive to price purchasing an undifferentiated product where quality is not an issue
A company improves its strategic position by finding buyers and suppliers that can not a adversely affect it.
Strategy can be thought of as a defense against competition
Know how must be kept a secret to yield an advantage
Access advantages are vulnerable to shifts in availability or prices and sensitive to consumer preferences
Sustainable advantage is greatest when based on several kinds of advantages.
Industries that grow slowly offer more room to sustain advantages
Manufacturers are rebuilding their excellence in production
Stages of manufacturing effectiveness
Stage 1 Detailed management control systems are means to monitor performance
Stage 1 struggles to provide adequate production, help suppliers with problems, and keep equipment up to date. Stage 1 relies on consultants for advice and knowledge. Stage 1 represents a build and assemble mentality.
Stage 2 Capital investment is the means to catch up with competition. Stage 2 avoids introduction of major discontinuous changes in product or process. Stage 2 follows industry practices. Stage 2 believes production rates due to new equipment as the measure of efficiency. Stage 2 have research and development labs they turn to in addition to consultants and suppliers. Stage 2 is increased in capacity gains.
Stage 3 Long term developments trends are developed systematically . Stage 2 is looking out for long term developments and trends that may affect the companies ability to meet needs. Companies arrive at stage 3 through the natural consequences of success in developing business strategy based on formal planning. Stage 3 view technology enhancement as the consequence of changes in business strategy
Stage 4 Long term programs are put into place to acquire capabilities in advance of needs
Stage 4 anticipates new manufacturing practices and technologies. Stage 4 develop long term business plans where manufacturing capabilities play an important role. Manufacturing is a strategic resource.
The inertia of most large companies favors, a gradual, systematic, and cumulative movement through stages
Teamwork and problem solving is better than command and control
Moving to stage 4 involves changing how the organization thinks about manufacturing
Tighter intergration of product design and capabilities leads to flexibility
Mastery of activities at one stage provide the underpinnings for a successful transition to the next stage
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