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The Three Disciplines of Advanced Strategic Thinking

Wiley, 2014 más...


Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

A 25-year study of 750 bankruptcies identified bad strategy as the primary reason businesses fail. Strategy is crucial, but most firms give it neither the respect nor the attention it merits. Strategy expert Rich Horwath explains that successful companies are, by definition, strategic, as is his book, which conveys valuable, concrete information succinctly. He explains the links between strategy and success, and guides executives on how to think strategically. getAbstract recommends Horwath’s authoritative lessons on making strategy an ongoing aspect of your business to CEOs, executives, entrepreneurs and investors analyzing corporate strategies.

Take-Aways

  • Strategy is the astute allocation of resources – “time, talent and capital” – in planned activities to serve customers better than your competitors do.
  • Successful businesses are strategic. The right strategy is the best predictor of profitability. Businesses fail because of bad strategy.
  • Many firms treat strategy as perfunctory and occasional, instead of as crucial and ongoing.

About the Author

Former chief strategy officer and professor of strategy Rich Horwath is CEO of the Strategic Thinking Institute. A frequent lecturer on strategic thinking, he is the author of six books.


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    D. A. 4 years ago
    Great read! You always here about our "strategy" no matter what company you work for, but this brief article cuts to the chase of what is "strategic" and what looks strategic, but is really just a list of tactics or a do list!
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    G. C. 7 years ago
    Good set of questions to look at ourselves (and our strategy) in the mirror...and then close the gap.
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    J. S. 9 years ago
    One of the better written summaries on Strategy.
    A strong takeaway among many and something I ask myself daily, " Am I working on an activity that is important to the execution of the strategy, or is it an urgent but unimportant issue that's taken me off plan?" When I lose focus of the bigger picture, this question always brings me back to proper time allocation and gets me focused on the company's strategy.

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