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Business Strategy
Plan, Execute, Win!
Patrick J. Stroh
- English
- ePUB (adapté aux mobiles)
- Disponible sur iOS et Android
Business Strategy
Plan, Execute, Win!
Patrick J. Stroh
Ă propos de ce livre
Embrace strategies for improving your business and reaching your organization's goals
" I wholeheartedly agree with Patrick Stroh: Good leaders understand strategy and good strategists need to be good leaders. Make this book a strategic tool for improving your business strategy." â Harvey Mackay, author of the #1 New York Times bestseller Swim With The Sharks Without Being Eaten Alive
In today's fast-moving and competitive business environment, strong leadership, insightful strategy, and effective innovation are critical links to staying ahead of your competition. Getting your business house in order can often be complicated, but does it really have to be? How do you take MBA 101 lessons, great models, and exceptional concepts and put them into play in the real world? Business Strategy: Plan, Execute, Win! strives to answers these questions in an educational and entertaining format. Working as a Fortune 20 practitioner with C-level executives, author Patrick Stroh has a keen understanding of the role played by current day strategists.
With 5 chapters following the format of "All I Ever Needed to Learn About Business Strategy I Learned..." At the Movies, On the Farm, On Shark Tank, On Hell's Kitchen, and From the Bible, readers will gain valuable strategic insight regardless of industry, business maturity, or current business turbulence and how to apply these insights based on the factors impacting their own business. Each chapter ends with a One Chapter Conclusion, Two Gold Nuggets the reader is to write down and Three Additional Resources/Tools for more information, offering a practical roadmap to simplifying your success.
Foire aux questions
Informations
PART I
LEVEL SETTING/FOUNDATION
- Know what to doâbecause accountabilities are clear.
- Know how to do itâbecause they have the right skills.
- Are motivated to do itâbecause they see how they are adding value to the organization.
- Have defined metricsâso they can consistently monitor and measure progress and results to make necessary course corrections and adjustments to achieve goals.
- Have regular management forumsâso they can regularly vet problems, talk about changing competitive or market positions, or seek sage counsel from others on actions.
Chapter 1
Evolution of Strategic Planning and Todayâs Role: Chief Strategy Officer
Strategy without execution is a hallucination.âAmbuj Goyal, General Manager, System Storage and Networking, IBM
Evolution of Strategic Planning
Strategy as War. The word âstrategyâ is derived from the Greek word strategia, meaning âgeneralship.â For early commercial enterprises that moved beyond the family firm, business approaches often mirrored those of the military. The command and control models Army generals used moved easily into business practice with little alteration. Company heads commanded the troops while winning battles through sheer force (superior resources), because they had an impenetrable fortress (a protected market or monopoly), or via guerrilla warfare (going after competitors when theyâre not expecting it). Some of these thematic elements still exist today. Many top executives regard Sun Tzuâs The Art of War, written more than 2,000 years ago, as required reading. The command and control model has been pervasive. Strategy was primarily centered on winning the war by eliminating competitors.1
Strategy as Machine. World War II demonstrated that the winner was the one with the better âindustrial machine.â Thus, the war metaphor gave way to a view of strategy as essentially an industrial process that, just like a factory, was largely mechanized. The prescribed approaches to strategy seemed to suggest (just as with a machine), âIf you press this button or pull this lever, then such and such will happen.â With its new emphasis on mechanistic processes, the idea of strategic planning drew more attention in academic circles through the 1960s. Major corporations created strategic planning staffs and began to implement systematic planning processes. For the first time, strategy became a business process that was seen as manageable, in the same manner as other elements of the business. Many of todayâs key terms and toolsâas well as a number of strategy consulting firmsâwere developed during this period. Courses on strategic planning began to enter the business school curriculum in a limited fashion.
Strategy as Network. The global shocks of the 1970s (escalating oil prices, war, government instability, and increasing global competition) illustrated the importance of flexibility, non-linear thinking (i.e., strategy was not simply an extension of current trends), and rapid communication in strategic thinking. Many companies burdened with a rigid planning processâor no planning process at allâsuffered devastating consequences.The 1980s saw the rise of Japan and its consequent effect on strategic planning theory and practice. The rapid advances in technology also had a dramatic effect, with the humble bar code turning inventory management upside down and the rise of enterprise resource planning (ERP) computer systems allowing managers to track widespread geographic activity in real time. Harvard professor and strategy guru Michael Porter wrote his most important works during this period and shaped several generations of academic and practitioner thinking about strategy. As the personal computer and advanced robotics became more widespread, productivity increased and managers gained a wider view of operations than ever before. The 1980s were a golden time in the history of strategy: The decade witnessed the start of global planning processes and corporate reengineering.The 1990s were a boom time for the United States, which sealed its role as the dominant world leader. Strategic thinking was affected by the rise of the Internet, accelerating advances in technology of all kinds, and a striving for efficiency and low-cost production, putting the focus on a firmâs ability to âadd and migrate value.â Strategic planning and continual revision became entrenched as a vital core of the corporation.
Table des matiĂšres
- Cover
- Contents
- Title
- Copyright
- Preface
- Acknowledgments
- Part I: Level Setting/Foundation
- Part II: Parables that Teach and Portray Business Strategy
- Part III: Tools, Resources, and Conclusions
- About the Author
- Index
- End User License Agreement