|
Seeing into
the future the dream of any strategist! Yet, The Sixth
Sense notes that most companies arent very good at predicting what
will come next. Their approach tends to be rigid, conformist and excessively intellectual.
The authors recommend a technique derived from the military scenario thinking
not as a means to foretell the future, but to learn to reason effectively
in uncertain environments and prepare for different eventualities. They go on
to describe the key factors that make this method an excellent tool for continuous
learning. | |
|
Kees van der
Heijden, Ron Bradfield, George Burt, George Cairns and George Wright, Wiley, 2002. | |
| | |
|
Who drives
technological innovation in the computer industry? Computer manufacturers would
be a natural guess, as end product assemblers are usually the ones who control
the pace of innovation. Surprisingly, the right answer is component makers, such
as Intel and Microsoft. Platform Leadership analyzes how
component makers can become the drivers of innovation in their industry. The authors
underline the importance of the ability to convince other companies to invest
in developing products that will add value to ones own offering. They also
provide readers with many useful tips on how to manage this delicate relationship. | |
| Annabelle
Gawer and Michael A.Cusumano, Harvard Business School Press, 2002. | |
| | |
|
Competitive
strategy is strongly influenced by the principles defined twenty years ago by
Michael Porter, who distinguished between two fundamental options, i.e. offer
the lowest price or differentiate the offering. Other schools of thought developed
since that time promote core competencies and customer intimacy as the key to
strategic positioning. The Delta Project reconciles these
different approaches. The authors point out the advantages of seeking alternative
solutions to best product positioning, e.g. offer the best customer solutions
or lock in the system. They also emphasize the need to align company practices
with the selected strategy. | |
|
Arnoldo
C. Hax et Dean L. Wilde II, Palgrave, 2001. | |
| | 20/20 Foresight | Who
would deny that the economic environment is increasingly uncertain? Yet very few
companies truly take this uncertainty into account when building their strategy.
Instead, they often try to predict the future. 20/20 Foresight
suggests making uncertainty a core element of strategy development. The author,
a McKinsey consultant, points out that there are several levels of uncertainty
and indicates which decision-making tools to use for each. He also emphasizes
how the level of uncertainty influences strategic choices, such as the timing
of decisions and the risk management policy. |
Hugh
Courtney,
Harvard Business School Press, 2001. | |
Profit Patterns | Profit
Patterns describes the "strategic anticipation" methodology developed by Mercer
Management Consulting professionals. This methodology is designed to help managers
anticipate radical breaks with the existing market in order to occupy prime territory
faster than the competition. According to the authors, knowledge of the thirty
patterns of change described in the book can help managers identify the underlying
dynamics of major transformations in their industry very early in the game. |
A.
Slywotzky, D. Morrison, T. Moser, K. Mundt and J. Quella, Village Mondial, 1999. | |
Value Migration | This
book proposes a conceptual framework for predicting the emergence of winning models
within a given industry, based on the premise that value in all industries migrates
from the dominant organizational model of the moment toward other emerging models.
The author then proposes a methodology to help companies identify these phenomena
and react accordingly. |
Adrian
J. Slywotzky, Harvard Business School Press, 1996. | |
Information Rules | That
we are entering the information age is certain, but less certain is the need to
reject our traditional thinking models, as we are incited to do by some. Information
Rules invites readers to examine the situation more carefully. The authors
support their theories with proven economic principles applied to information
markets and systems., and use solid, down-to-earth methodology to derive key principles
that govern strategy development in these industries. |
Carl
Shapiro and Hal R. Varian, Harvard Business School Press, 1999. | |
Real Options | Certain
strategic investments pose real dilemmas, for example, when economic projections
show mediocre profitability for a project, while executives cannot help intuitively
feeling that it has a promising future. Based on the theory of financial options,
«Real Options » helps reconcile economic valuation and strategic intuition.
The authors show why traditional valuation methods sometimes underestimate the
real value of a given project, and provide an analysis framework to improve understanding
of the economic mechanisms at work. |
Martha
Amram and Nalin Kulatikala, Harvard Business School Press, 1998. | |
Hypercompetition | This
book rethinks the traditional definition of corporate strategy as a means to create
lasting competitive advantage, and seeks to demonstrate that corporate success
is based on how well companies can adapt to continuous variations in the competitive
playing field. The author then offers an analysis model to predict such changes
and seven strategic skills to succeed in an unstable world. |
Richard
A. D'Aveni, The Free Press, 1993. | |
Race for theÊWorld | Globalization
is often cited as a factor accelerating competitive pressure. It has also been
studied at length from the intercultural relations and organizational angle. Strangely
enough, however, few authors have focused upon its strategic implications. The
authors, McKinsey consultants, show how recognizing the stakes of globalization
can lead companies to completely rethink their strategy. They also explain how
managers can help the company find the most promising path. |
Lowell
Bryan, Jane Fraser, Jeremy Oppenheim andÊWilhem Rall, Harvard Business School Press, 1999. | |
The Market Makers | This
book, based on economic theory, presents an original perspective on strategy that
is complementary to the product/market approach, in that it sees companies as
the bridge between suppliers and customers. This vision leads to an awareness
of the role that companies play in facilitating transactions between diverse market
players. From this perspective, the author derives many ways of reinforcing the
added value of companies, as well as several original strategies for entering
new markets. |
Daniel
F. Spulber, McGraw-Hill, 1998. | |
Clockspeed | How
can companies predict supply chain trends in their industry? What steps must be
mastered tomorrow to maintain a supply chain advantage? To answer these questions,
the author studied the dynamics of fast-changing industries, and identified several
laws to help companies predict trends in their own industries, regardless of how
fast the clock is ticking. |
Charles
H. Fine, Perseus Books, 1997. | |
Co-opetition | This
book presents the main conclusions of the game theory applied to corporate strategy,
and derives four key drivers that companies can use to turn situations to their
advantage:
|
Adam
M. Brandenburger and Barry J. Nalebuff, Currency Doubleday, 1996. | |
The Profit Zone | This
book, the sequel to Value Migration, provides concrete examples of companies that
have grown profitably over a sustained period of years, such as Coca Cola, GE
Plastics, Disney, Intel, etc. The success of these companies is shown to be based
on their ability to reinvent the rules of the game in their respective industries
on a continuing basis. The authors then provide ideas on how to take inspiration
from these experiences. |
Adrian
J. Slywotzky and David J. Morrison, Times Business, 1997. | |
Corporate-Level Strategy | This
book explores how corporate headquarters can create value for group divisions
and subsidiaries, and focuses particularly on four key ways to do this:
|
Michael
Goold, Andrew Campbell and Marcus Alexander, Wiley, 1993. | |
Competing for the Future | Sony,
NEC, and Motorola are examples of companies that prepare years in advance to conquer
markets that do not yet exist. This book describes the approach used by these
companies, using examples to explain how they develop their vision of future markets
and what they do to position themselves on these markets. |
Gary
Hamel and C. K. Prahalad, Harvard Business School Press, 1990. | |
Competence-Based Competition | This
collaborative work is devoted to the practical implications of the core competency
concept. The authors specifically study how companies can identify and prioritize
core competencies, as well as the means required to reinforce existing skills. |
Under
the direction of Gary Hamel and Aimé Heene, Wiley, 1994. | |
The Discipline of market Leaders | This
book exhorts companies to clarify their value proposition to customers, and identifies
three main options:
|
Michael
Treacy and Fred Wiersema, Perseus, 1994. | |
Customer Intimacy | This
book, written by the authors of «L'exigence du choix, » (The Choice
Imperative) develops upon one of the three options proposed in the previous book,
namely, proximity to the customer. Using numerous supporting examples, the author
decribes various means to implement this strategy. |
Fred
Wiersema, Knowledge Exchange, 1996. | |
Customer Connections | This
book offers an original approach to strategic analysis that is not based on traditional
product/market/competency analyses, but rather on a precise understanding of the
value of different relationships between companies and their customers. |
Robert
E. Wayland and Paul M. Cole, Harvard Business School Press, 1997. | |
Commitment | One
of the most original strategic concepts to emerge in recent years--commitment--is
presented in this book, which demonstrates how sustained gaps in competitive performance
can be explained by the irreversible commitments made by companies. In light of
this idea, the author then outlines several principles to guide strategic thinking. |
Pankaj
Ghemawat, The Free Press, 1991. | |
When Lean Enterprises Collide | This
book, principally devoted to cost control techniques, offers interesting thoughts
on the strategic impact of lean production methods. The author shows that it is
illusory for companies to pursue sustainable differentiation, and consequently
recommends that they acquire management skills required to succeed in a context
of direct competition. |
Robin
Cooper, Harvard Business School Press, 1995. | |
Charting the Corporate Mind | Why
have the Japanese subjugated the American automotive industry? Because they decided
to offer price AND quality, while their competitors force consumers to choose
between low price and low quality, or high quality at a high price. In the same
vein, the author exhorts readers to resolve the dilemmas that hobble corporate
performance through an approach that reconciles the seemingly incompatible. |
Charles
Hampden-Turner, The Free Press, 1994. | |