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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 win—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, it’s never been more important—or more difficult—to choose the right approach to strategy. In this book, The Boston Consulting Group’s Martin Reeves, Knut Haanæs, 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 environment—how unpredictable it is, how much power you have to change it, and how harsh it is—a critical component of getting strategy right. They show how existing strategy approaches sort into five categories—Be Big, Be Fast, Be First, Be the Orchestrator, or simply Be Viable—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strategic challenges, you’ll be able to answer questions such as: • What replaces planning when the annual cycle is obsolete? • When can we—and when should we—shape the game to our advantage? • How do we simultaneously implement different strategic approaches for different business units? • 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.
Many observers have noted that past formulations of American militarystrategy, such as the Shape, Respond, Prepare Now approach that theDepartment of Defense used from 1997 until 2001, have been longer onphilosophy than on practicalities. To address those shortcomings, thisreport outlines a preliminary framework designed to better link strategywith resource priorities and more accurately frame key investment choices.This report contains the results of a study designed to assist theDepartment of Defense in its efforts to refine the defense strategy in lightof recent experiences and to address expectations about future challenges toU.S. national security. The framework model presented in this reportprovides a space in which decisionmakers can display strategic options andtheir inherent tradeoffs, debate the merits of those competing choices, andthen decide on a specific strategy.
Explains how companies must pinpoint business strategies to a few critically important choices, identifying common blunders while outlining simple exercises and questions that can guide day-to-day and long-term decisions.
Strategy Execution is no longer 'the gap nobody knows', the title of the first chapter of the best-seller 'Execution'. Thanks to the authors Bossidy and Charan, Strategy Execution pioneers Kaplan and Norton, several leading articles in respected business magazines such as The Harvard Business Review and a host of research, organisations have become very aware that much great strategy is lost before it's turned into performance mainly as a result of poor execution skills. The performance gap is known. And it's time for companies to close it. This book will help you get the job done. 'Strategy Execution Heroes' will help you to: 1. Approach Strategy Execution from a manager's perspective. 2. Align individual and organisational performance in a simple, easy-to-communicate, sexy Strategy Execution framework. 3. Communicate your strategy effectively. 4. Set great objectives for yourself and your team members. 5. Coach others through the implementation maze. 6. Simplify your Strategy Execution process. 7. Select, manage and deliver your strategic initiatives. 8. Set up a development platform to boost the execution skills of others in the organisation. 9. Turn Strategy Execution into a competitive advantage. In short, 'Strategy Execution Heroes' will help you get the execution job done. Don't expect complex theories or fancy words. This book gets right to the point and won't waste your time. It will boost your learning with 250+ practical tips revealed by senior executives from BT, Coca-Cola, Lockheed Martin, eBay and many others. It will inspire your thinking with useful insights from top experts such as Sir John Whitmore, Dr Peter Scott-Morgan and Prof Vincent Lion. And it will put your action plan on the right track with 27 valuable downloads. So whether you are a future manager preparing for the challenge or an experienced senior executive, get ready to boost your execution skills. Become a Strategy Execution hero and turn your great strategy into great performance.
A practical approach to business transformation Fit for Growth* is a unique approach to business transformation that explicitly connects growth strategy with cost management and organization restructuring. Drawing on 70-plus years of strategy consulting experience and in-depth research, the experts at PwC’s Strategy& lay out a winning framework that helps CEOs and senior executives transform their organizations for sustainable, profitable growth. This approach gives structure to strategy while promoting lasting change. Examples from Strategy&’s hundreds of clients illustrate successful transformation on the ground, and illuminate how senior and middle managers are able to take ownership and even thrive during difficult periods of transition. Throughout the Fit for Growth process, the focus is on maintaining consistent high-value performance while enabling fundamental change. Strategy& has helped major clients around the globe achieve significant and sustained results with its research-backed approach to restructuring and cost reduction. This book provides practical guidance for leveraging that expertise to make the choices that allow companies to: Achieve growth while reducing costs Manage transformation and transition productively Create lasting competitive advantage Deliver reliable, high-value performance Sustainable success is founded on efficiency and high performance. Companies are always looking to do more with less, but their efforts often work against them in the long run. Total business transformation requires total buy-in, and it entails a series of decisions that must not be made lightly. The Fit for Growth approach provides a clear strategy and practical framework for growth-oriented change, with expert guidance on getting it right. *Fit for Growth is a registered service mark of PwC Strategy& Inc. in the United States
The essays in this book are drawn from a conference held in London on the subject of Quality of Life in London and New York papers on a range of important metropolitan concerns were presented by experts from both sides of the Atlantic within universities, government and the private sector. The conference was covered by SCPR (Social and Community Planning Research) and funded by the commonwealth fund of New York. The London essays are collected within this volume. They cover employment and the labour market (Ian Gordon), crime (Mike Hugh and Pat Mayhew), civility and public space (Ken Young), transport (Tony Ridley), housing (Christine Whitehead) and education (Donald Naismith), with introductory and concluding overviews by Howard Davies and A. H. Halsey. Together they cover the key factors that influence the quality of life in London, offering penetrating analyses and possible solutions.
The defining attributes of the 21st-century economy and fourth industrial revolution are innovation, technology, globalization, and a rapid pace of change. Therefore, an organization's capacity to enhance the capabilities of its workforce and create a culture of continuous learning are vital to remaining competitive. These trends make an effective learning-and-development (L&D) function more critical than ever. This compendium of articles, from L&D professionals at McKinsey & Company, discusses every facet of professional development and training-from ensuring that L&D's efforts are closely aligned with business strategy to elements of advancing the L&D function, designing learning solutions, deploying digital learning, executing flawlessly, measuring impact, and ensuring good governance. For L&D professionals seeking to hone their organization's efforts, Elevating Learning & Development: Insights and Practical Guidance from the Field is the ideal resource.
CEOs regularly identify strategic execution as their biggest challenge, and the top priority facing today's business leaders. Based on their research with senior executives across a variety of industries—and including firms like Marriott, Microsoft, SunTrust, UPS, and Vail Resorts—Kenneth J. Carrig and Scott A. Snell have distilled the elements that are most critical for execution. This book addresses the challenges of execution, why it matters, and why the approach remains elusive. It introduces an integrated framework for understanding four priorities underlying execution excellence. Ultimately, it all comes down to alignment, agility, ability, and architecture. The authors lay out a process for applying the framework, helping business leaders to diagnose their challenges and to determine their path toward breakthrough performance.
A NEW CLARITY FOR STRATEGY THEORY AND PRACTICE Consultants and academics continue to report chronic failures of strategy practice.Two causes dominate: strategy is still not fully defined, and strategy practice is still largely based on a planned versus adaptive view of the world. The Emergent Approach to Strategy digs deep into complex adaptive systems to bring a new clarity to strategy function and incorporate this understanding into practice. The emergent approach practice includes: An agile method for strategy framework design Scenario and bottleneck diagnosis techniques A four-station dashboard emphasizing execution A new set of strategy tests called the five disqualifiers Go to emergentapproach.com to access the following resources: Chapter supplements with appendixes, commentary, and added examples Five Task Sets: a guidebook for implementation of the approach Templates for use in strategy materials Additional examples of the Five Disqualifiers in various fields of endeavor