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Beyond Competitive Advantage

Beyond Competitive Advantage Author Todd Zenger
ISBN-10 9781633690011
Release 2016-05-24
Pages 224
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Your company is turning in regular profits every year, and its market share is only getting bigger. Competitors can’t touch you. So why is your stock price so sluggish? The answer is as simple as it is cruel: investors aren’t interested in history, and they already know you’re profitable and competitive—that knowledge is baked into your stock price. The hard reality is that a competitive advantage just isn’t enough. Investors want companies to surprise them with unexpected value, which means that you can outperform market expectations only if you as a leader know how to find, create, and deliver a series of multiple competitive advantages. This is why a corporate theory is so important. A good corporate theory provides a compass for those at the strategic helm, guiding their decisions about what assets and activities to pursue, what investments to make, and what strategies to adopt. Behind every long-term corporate success story lies a basic theory about how that company creates value. In Beyond Competitive Advantage, strategy professor Todd Zenger describes what makes a great corporate theory and helps readers understand the many tensions and trade-offs they’ll face as they apply the theory to meet the challenge of market expectations. Based on years of research and analysis, Beyond Competitive Advantage provides managers and executives with a framework for both sustaining value and creating growth.



What I Didn t Learn in Business School

What I Didn t Learn in Business School Author Jay Barney
ISBN-10 9781422157633
Release 2010-10-12
Pages 272
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What I Didn't Learn in Business School is a compelling read---whether you're a recent business school grad struggling to apply your new knowledge or an experienced leader who already knows that no strategy is created in a vacuum. --Book Jacket.



Economic Foundations of Strategy

Economic Foundations of Strategy Author Joseph T. Mahoney
ISBN-10 9781412905435
Release 2005
Pages 253
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Economic Foundations of Strategy helps clarify the theoretical foundations of management strategy. It identifies five theories of particular importance to the strategy field, and outlines the contributions of particularly influential works in each area. The book helps find answers for five questions regarding key issues in strategy using economic theory: How can organizations operate efficiently? How can firms minimize costs? How can firms create and allocate wealth? How can firms align individual self-interest? How can resources be acquired, developed and deployed to improve the likelihood of survival and profitable growth?



Good Strategy Bad Strategy

Good Strategy  Bad Strategy Author Richard P. Rumelt
ISBN-10 9780307886231
Release 2011
Pages 322
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Argues that a manager's central responsibility is to create and implement strategies, challenges popular motivational practices, and shares anecdotes discussing how to enable action-oriented plans for real-world results.



Future Ready Leadership Strategies for the Fourth Industrial Revolution

Future Ready Leadership  Strategies for the Fourth Industrial Revolution Author Chris R. Groscurth
ISBN-10 9781440865237
Release 2018-08-31
Pages 182
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Provides executive leadership teams with the information, tools, and advice they need to lead their organizations into the "future of work," characterized by transformative, smart, and connected technologies already under way, including artificial intelligence, the internet of things, and automation. • Fully unpacks what 4IR and the rise of new industries will require from leaders • Illuminates the central role played by behavioral economics in the 4IR era, rather than just the macroeconomic implications for society of the convergence of the megatrends under way • Introduces tools for helping leaders to prepare themselves and assess their organization's readiness for managing high-velocity change • Provides a roadmap for rethinking how learning and development are fostered in "always-on" learning organizations of the future • Clarifies the critical role of public-private collaborations in meeting the development needs of the future of work • Introduces discernment as a strategy for managing future-of-work ethical decisions that inevitably accompany the integration of AI in the work force



The Red Queen Among Organizations

The Red Queen Among Organizations Author William P. Barnett
ISBN-10 0691131147
Release 2008-02-24
Pages 279
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There's a scene in Lewis Carroll's Through the Looking Glass in which the Red Queen, having just led a chase with Alice in which neither seems to have moved from the spot where they began, explains to the perplexed girl: "It takes all the running you can do, to keep in the same place." Evolutionary biologists have used this scene to illustrate the evolutionary arms race among competing species. William Barnett argues that a similar dynamic is at work when organizations compete, shaping how firms and industries evolve over time. Barnett examines the effects--and unforeseen perils--of competing and winning. He takes a fascinating, in-depth look at two of the most competitive industries--computer manufacturing and commercial banking--and derives some startling conclusions. Organizations that survive competition become stronger competitors--but only in the market contexts in which they succeed. Barnett shows how managers may think their experience will help them thrive in new markets and conditions, when in fact the opposite is likely to be the case. He finds that an organization's competitiveness at any given moment hinges on the organization's historical experience. Through Red Queen competition, weaker competitors fail, or they learn and adapt. This in turn heightens the intensity of competition and further strengthens survivors in an ever-evolving dynamic. Written by a leading organizational theorist, The Red Queen among Organizations challenges the prevailing wisdom about competition, revealing it to be a force that can make--and break--even the most successful organization.



The Power of Little Ideas

The Power of Little Ideas Author David Robertson
ISBN-10 9781633691698
Release 2017-04-11
Pages 256
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Conventional wisdom today says that to survive, companies must move beyond incremental, sustaining innovation and invest in some form of radical innovation. "Disrupt yourself or be disrupted!" is the relentless message company leaders hear. The Power of Little Ideas argues there's a "third way" that is neither sustaining nor disruptive. This low-risk, high-reward strategy is an approach to innovation that all company leaders should understand so that they recognize it when their competitors practice it, and apply it when it will give them a competitive advantage. This distinctive approach has three key elements: It consists of creating a family of complementary innovations around a product or service, all of which work together to make that product more appealing and competitive. The complementary innovations work together as a system to carry out a single strategy or purpose. Crucially, unlike disruptive or radical innovation, innovating around a key product does not change the central product in any fundamental way. In this powerful, practical book, Wharton professor David Robertson illustrates how many well-known companies, including CarMax, GoPro, LEGO, Gatorade, Disney, USAA, Novo Nordisk, and many others, used this approach to stave off competitive threats and achieve great success. He outlines the organizational practices that unintentionally torpedo this approach to innovation in many companies and shows how organizations can overcome those challenges. Aimed at leaders seeking strategies for sustained innovation, and at the quickly growing numbers of managers involved with creating new products, The Power of Little Ideas provides a logical, organic, and enduring third way to innovate.



Your Creative Mind

Your Creative Mind Author Scott Cochrane
ISBN-10 9781632659545
Release 2016-09-19
Pages 272
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Too many companies limit their strategic thinking by focusing on what they already know how to do. Executives are expected to set concrete objectives and create detailed, step-by-step plans to reach them. This approach may satisfy short-term considerations like quarterly earnings reports, but it produces modest innovation and evolutionary development at best. As a result, the business can find itself in a performance plateau that it cannot seem to break out of. In Your Creative Mind, you will discover an entirely different approach to the creative process. You will learn: • How to catapult your company out of a performance plateau and into dynamic growth, expansion, and market leadership. • How to move beyond classic groupthink and unleash your true creative power. • How to become a trend leader and paradigm shifter by harnessing the secrets of the power of creation. • How to innovate your way into the most beneficial business relationships you can imagine. Using the practical techniques and steps described in Your Creative Mind will infuse your company with creative power and drive innovation. Break free of business as usual and create the dynamic growth you deserve!



Philosophical Reflexivity and Entrepreneurship Research

Philosophical Reflexivity and Entrepreneurship Research Author Alain Fayolle
ISBN-10 9781317232049
Release 2018-05-15
Pages 206
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Entrepreneurship research attracts scholars from a wide spectrum of disciplines. Yet the field is multi-paradigmatic and lacking consensus, even on the nature of core entrepreneurial phenomena. What is recognized is that it is characterized by dynamic and emergent processes - a complex interplay between actors, processes and contexts. As a result, post-positivistic approaches are gaining traction in a field long dominated by positivistic philosophies. This book reflects on the fundamental philosophical basis of entrepreneurship scholarship. It explores the shifting meanings of entrepreneur and entrepreneurship, the unexamined assumptions which lie behind the established discourses which legitimize or dismiss the possibilities for scholarship. Contributing scholars adopt a reflexive approach to entrepreneurship research challenging readers to question their approaches and assumptions and explicitly defend them against competing alternatives. Building on this critical reflection, this book provides space for philosophical reflexivity in the conduct and publication of scholarly enquiry and will be of great interest to scholars, researchers and advanced students in all aspect of entrepreneurship study.



The Strategic Management of Health Care Organizations

The Strategic Management of Health Care Organizations Author Peter M. Ginter
ISBN-10 9781119349716
Release 2018-01-16
Pages 528
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A comprehensive guide to effective strategic management of health care organizations. Strategic Management of Health Care Organizations provides essential guidance for leading health care organizations through strategic management. This structured approach to strategic management examines the processes of strategic thinking, consensus building and documentation of that thinking into a strategic plan, and creating and maintaining strategic momentum – all essential for coping with the rapidly evolving health care industry. Strategic Management of Health Care Organizations fully explains how strategic managers must become strategic thinkers with the ability to evaluate a changing industry, analyze data, question assumptions, and develop new ideas. The book guides readers through the strategic planning process demonstrating how to incorporate strategic thinking and create and document a clear and coherent plan of action. In addition, the all-important processes of creating and maintaining the strategic momentum of the organization are fully described. Finally, the text demonstrates how strategic managers in carrying out the strategic plan, must evaluate its success, learn more about what works, and incorporate new strategic thinking into operations and subsequent planning. This strategic management approach has become the de facto standard for health care management as leadership and strategic management are more critical than ever in coping with an industry in flux. This book provides heath care management students as well as health care administrators with foundational guidance on strategic management concepts and practices, tailored to the unique needs of the health care industry. Included are a clear discussion of health services external analysis, organizational internal analysis, the development of directional strategies, strategy alternative identification and evaluation, and the development and management of implementation strategies providing an informative and insightful resource for anyone in the field. This new eighth edition has been fully updated to reflect new insights into strategic thinking, new methods to conceptualize and document critical environmental issues, practical steps for carrying out each of the strategic management processes, industry and management essentials for strategic thinkers , and new case studies for applying the strategic management processes. More specifically, readers of this edition will be able to: Create a process for developing a strategic plan for a health care organization. Map and analyze external issues, trends, and events in the general environment, the health care system, and the service area. Conduct a comprehensive service area competitor analysis. Perform an internal analysis and determine the competitive advantages and competitive disadvantages. Develop directional strategies. Identify strategic alternatives and make rational strategic decisions for a health care organization. Develop a comprehensive strategy for a health care organization. Create effective value-adding service delivery and support strategies. Translate service delivery and support plans into specific action plans. The health care industry’s revolutionary change remains ongoing and organizational success depends on leadership. Strategic management has become the single clearest manifestation of effective leadership of health care organizations and the strategic management framework’s strengths are needed now more than ever. The Strategic Management of Health Care Organizations provides comprehensive guidance and up-to-date practices to help leaders keep their organizations on track.



The Ethics of Management

The Ethics of Management Author LaRue T. Hosmer
ISBN-10 007128933X
Release 2011-01-01
Pages 194
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It is often said that ethics is essential for leadership; Hosmer argues that leadership is also essential for ethics. The theme of The Ethics of Management, 7e, is that business firms today operate in a competitively- intense, technologically-complex and culturally-diverse global economy. Pressures to dodge issues and cut corners are greater than ever before. The Ethics of Management provides a very explicit three-part framework to analyze those problems by combining economic outcomes, legal requirements and ethical principles. Students will learn how to convincingly present their moral points of view to others in order to jointly serve their companies, protect their careers, and improve their societies.



Equity Value Enhancement

Equity Value Enhancement Author Carl L. Sheeler
ISBN-10 9781118871003
Release 2015-12-29
Pages 368
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This book challenges the industry to demand greater requisite performance from its practitioners as older providers retire and newer practitioners tend to rely on software to generate “opinions” that are often spurious. A favorable spin unveils the immense opportunity and incentive to delve deeper that will create better business decisions, reduce acrimony and provide better evidence of value relied upon by regulatory bodies and the judiciary. This is a timely outcome as trillions of dollars of private equity are changing hands as baby boomers seek greater liquidity and investors seek returns where fewer institutions change the rules that penalize retail investors. This book provides guidance on the identification and quantification of risk where most investment decisions exist--thus providing a true valuation for equity investments.



Judo Strategy

Judo Strategy Author David B. Yoffie
ISBN-10 1591391261
Release 2002-12-01
Pages 256
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Shows readers how to turn competitors’ strength to their advantage. Selling Points Yoffie-Kwak provide insightful analysis of leading companies’ judo strategies through in-depth case studies of Palm Computing, RealNetworks, and CNET Networks, among others The “Users’ Guide to Judo Strategy”—a section at the end of the book—offers a summary of the principles of judo strategy that readers can apply to their own business situations. Packed with the insights of world-class managers and strategists, Judo Strategy describes how companies can become giant-killers, while also teaching readers how to protect their hard-fought position from challengers in the wings.



Valuation

Valuation Author McKinsey & Company Inc.
ISBN-10 9781118874134
Release 2015-07-31
Pages 848
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McKinsey & Company's #1 best-selling guide to corporate valuation, now in its sixth edition Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new sixth edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations. Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role — and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Estimate the value of business strategies to drive better decision making Understand which business units a corporate parent is best positioned to own Assess major transactions, including acquisitions, divestitures, and restructurings Design a capital structure that supports strategy and minimizes risk As the valuation function becomes ever more central to long- and short-term strategy, analysts and managers need an authoritative reference to turn to for answers to challenging situations. Valuation stands ahead of the field for its reputation, quality, and prestige, putting the solutions you need right at your fingertips.



Guiding Growth

Guiding Growth Author Mark Lipton
ISBN-10 1578517060
Release 2003-01
Pages 292
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When it comes to sustained success, vision matters more than strategy. Scores of studies have proven this statement, and millions of business leaders believe it. Yet few executives understand what vision is. They embrace the idea, but ignore the implementation-a disconnect that threatens companies striving for growth in a volatile marketplace. Organizational expert Mark Lipton argues that this "believing-doing" gap exists because today's fast-paced world demands short-term fixes-pressuring executives to make tactical decisions that ultimately create larger strategic problems down the road. But Lipton shows that vision has more substance than leaders think-and that it is an essential factor in building scalable organizations that last for the long haul. Based on extensive research and real-world consulting work with executives implementing the scaling process, I>Guiding Growthprovides fresh examples of established and new firms that have developed powerful growth visions. Moving beyond token "mission statements," Lipton outlines a step-by-step process for establishing an actionable vision, presenting it to the company, and embedding it into the organizational fabric. Illustrating how visions become guiding forces for day-to-day behavior and overall company direction,Guiding Growthreveals how companies can stay their course, even as they grow. AUTHORBIO: Mark Lipton is Founder of the consulting firm Lipton & Co., which specializes in organizational growth. He is Professor of Management and Chair, Human Resources Management and Organizational Change Management at the Milano Graduate School, New School University, in New York City.



Enterprise Wide Strategic Management

Enterprise Wide Strategic Management Author David L. Rainey
ISBN-10 9780521769808
Release 2010
Pages 511
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A fresh, holistic approach to strategic management in the modern business environment.



The Essential Advantage

The Essential Advantage Author Paul Leinwand
ISBN-10 9781422136515
Release 2011
Pages 227
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Conventional wisdom on strategy is no longer a reliable guide. InEssential Advantage, Booz & Company's Cesare Mainardi and Paul Leinwand maintain that success in any market accrues to firms with coherence: a tight match between their strategic direction and the capabilities that make them unique. Achieving this clarity takes a sharpness of focus that only exceptional companies have mastered. This book helps you identify your firm's blend of strategic direction and distinctive capabilities that give it the "right to win" in its chosen markets. Based on extensive research and filled with company examples--including Amazon.com, Johnson & Johnson, Tata Sons, and Procter & Gamble--Essential Advantage helps you construct a coherent company in which the pieces reinforce each other instead of working at cross-purposes. The authors reveal: � Why you should focus on a system of a few aligned capabilities � How to identify the "way to play" in your market � How to design a strategy for well-modulated growth � How to align a portfolio of businesses behind your capability system � How your strategy clarifies growth, costs, and people decisions Few companies achieve a capability-driven "right to win" in their market. This book helps you position your firm to be among them.