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In this pathbreaking book, Michael E. Porter unravels the rules that govern competition and turns them into powerful analytical tools to help management interpret market signals and forecast the direction of industry development.
What is a strategy? What does it contain? How should it be developed? How should it drive change? Based on an analysis of the published strategies of 52 UK universities and interviews with 28 university leaders, this report combines evidence-based strategy research with recommendations on best-practice strategy design. It presents, for the first time, the Strategy Design Framework derived from the author's 10,000+ hours of strategy consulting with some of the worlds biggest brands. This framework provides a simple yet practical tool for managing strategy across the entire strategy lifecycle: development, validation, deployment, monitoring and governance. Whilst the report aims to help senior leaders and those involved in shaping the strategic direction of universities to make sense of strategy, it also serves as a practical handbook for anyone involved in strategy design for business. It tackles some of the big questions for strategic planners such as what are the key purposes a strategy should serve in large, complex 21st century organisations, and what components should a good strategy contain to serve those purposes well?
Thinking strategically is what separates managers and leaders. Learn the fundamentals about how to create winning strategy and lead your team to deliver it. From understanding what strategy can do for you, through to creating a strategy and engaging others with strategy, this book offers practical guidance and expert tips. It is peppered with punchy, memorable examples from real leaders winning (and losing) with real world strategies. It can be read as a whole or you can dip into the easy-to-read, bite-size sections as and when you need to deal with a particular issue. The structure has been specially designed to make sections quick and easy to use – you’ll find yourself referring back to them again and again.
Fad-Free Strategy provides a ground-breaking approach to making better business strategy decisions: more efficient, open to out-of-the-box opportunities and evidence-based. Most strategy books focus on Grand Strategy, the process that leads to high-level recommendations or, more accurately, hypotheses about where and how to compete. While this book briefly covers critical Grand Strategy practices, it deep dives into Operational Strategy, the process of validation, adaptation and possible rejection of those hypotheses. Operational Strategy is based on an in-depth understanding of customer preferences and anticipating the choices they make. Those choices rather than managers’ ambitions determine whether a strategy will generate the aspired financial results. The book explains, by means of detailed real-world cases across industries, how to generate validated solutions to any strategic problem such as: how to enter successfully into new markets, either as an innovator or as a latecomer? How to defend one’s position against aggressive new entrants? Or how to sustain margins when price is the only thing customers seem to care about? This remarkable book contains expert advice from accomplished strategic advisors and thought leaders Daniel Deneffe and Herman Vantrappen. Fad Free Strategy will be a useful tool for smart business executives at mainstream companies who are disappointed with strategy fads and simplistic solutions based on cherry-picked, anecdotal evidence from today’s hero companies. It will also appeal to economics faculty members teaching graduate courses in business strategy who are looking for an economics-based strategy textbook that is both rigorous and comprehensive. The book’s core ideas have been taught successfully in continuing and executive education programs at Harvard University and Hult International Business School.
As the Indo-Pacific emerges as the world’s most strategically consequential region and competition with China intensifies, the United States must adapt its approach if it seeks to preserve its power and sustain regional stability and prosperity. Yet as China grows more powerful and aggressive and the United States appears increasingly unreliable, the Indo-Pacific has become riven with uncertainty. These dynamics threaten to undermine the region’s unprecedented peace and prosperity. U.S. Strategy in the Asian Century offers vital perspective on the future of power dynamics in the Indo-Pacific, focusing on the critical roles that American allies and partners can play. Abraham M. Denmark argues that these alliances and partnerships represent indispensable strategic assets for the United States. They will be necessary in any effort by Washington to compete with China, promote prosperity, and preserve a liberal order in the Indo-Pacific. Blending academic rigor and practical policy experience, Denmark analyzes the future of major-power competition in the region, with an eye toward American security interests. He details a pragmatic approach for the United States to harness the power of its allies and partners to ensure long-term regional stability and successfully navigate the complexities of the new era.
*This book is in the Rapid Communications in Conflict and Security (RCCS) Series (General Editor: Geoffrey R.H. Burn). The Office of Net Assessment (ONA) was responsible for carrying out three programs in the Department of Defense from November 1973 until the collapse of the Soviet Union. Net assessments utilize a multidisciplinary approach to defense analysis to capture the dynamics of national or coalition military strengths and weaknesses for comparison with the capabilities of competitors and adversaries. In this book, essays by experts including a number of individuals who have served in or worked for the ONA in the past, such as Andrew Marshall (Director of the United States Department of Defense's Office of Net Assessment, 1973-2015) and Andrew May (Associate Director of the United States Department of Defense's Office of Net Assessment) offer critical insights on the relative military power of the United States vis-à-vis potential adversaries over time. This book is an invaluable resource for scholars and students in international relations, political science, and conflict and security.
Understanding Contemporary Strategy provides an accessible and comprehensive introduction to the theory and practice of modern strategy. Covering all the main issues in the field, the book explores the major themes through a combination of classical and modern strategic theory, history and current practice. The book is split into three main sections: Definition and Context : including discussion of the human, technological, intelligence, ethical and grand-strategic dimensions Strategy in the Geographic Environments: land, sea, air and space Contemporary Strategic Challenges: terrorism, insurgency and nuclear strategy. Each chapter presents the reader with a succinct summary of the topic, but also provides a challenging analysis of current issues, supporting students with pedagogical features such as suggested further reading, boxed case studies and study questions. This book will be essential reading for upper-level students of strategic studies, war studies, military history and international security.
"Based on an international review of the key strategy problems faced by over one hundred leading companies, Courtney reveals how executives can develop 20/20 foresight - a view of the future that separates what can be known from what can't. While executives with 20/20 foresight can rarely develop perfect forecasts of the future, says Courtney, they can isolate the "residual uncertainty" they face and use this insight to create competitive advantage in today's turbulent markets."--BOOK JACKET.