The Strategy Paradox: Why Committing to Success Leads to Failure (And What to do About It)
| Author | : | |
| Rating | : | 4.37 (572 Votes) |
| Asin | : | 0385516223 |
| Format Type | : | paperback |
| Number of Pages | : | 320 Pages |
| Publish Date | : | 2017-01-09 |
| Language | : | English |
DESCRIPTION:
Unfortunately, these prerequisites of success are almost always the ingredients of failure, too. Raynor, coauthor of the bestselling The Innovator's Solution, explains how leaders can break this tradeoff and achieve results historically reserved for the fortunate few even as they reduce the risks they must accept in the pursuit of success. In the cutthroat world of competitive strategy, this is as close as you can come to getting something for nothing.Drawing on leading-edge scholarship and extensive original research, Raynor’s revolutionary principle of Requisite Uncertainty yields a clutch of critical, counter-intuitive findings. Because managers feel they must base their strategies on assumptions about an unknown future, the more ambitious of them hope their guesses will be right – or that they can somehow adapt to the turbulence that will arise. The sad truth is that most companies have left their futures almost entirely to chance, and don’t even realize it. Among them:-- The Board should not evaluate the CEO based on the company’s performance, but instead on the firm’s strategic risk profile-- The CEO should not drive results, but manage uncertainty-- Business unit leaders should not focus on execution, but on making strategic choices-- Line managers should not worry about strategic risk, but devote themselves to delivering on commitmentsWith detailed case
Everyone admits we do not know what the future holds, but most of us go on acting as though we do know what the future holds. H. These concepts have been extremely helpful to me as I work to create options for promising future technologies while simultaneously managing inescapable strategic risk."-- Dave Holveck, Vice President, Corporate Development, President, Johnson & Johnson Development Corporation"If Stephen Jay Gould had written a business book, this would be it; Raynor provides the most logical, detailed, and enlightening explanation for why some products succeeded and some products failedRead this book to learn how to deal with uncertainty before you suffer the same fate as dinosaurs."--Guy Kawasaki, Managing Director, Garage Technology Ventures and author, The
Raynor has a doctorate from the Harvard Business School, and is an Adjunct Professor at the Richard Ivey School of Business in London, Canada. He is the coauthor, with Clayton M. He lives in Mississauga, Canada. Raynor, of Deloitte Consulting LLP, is a Distinguished Fellow with Deloitte Research in Boston an
O. Halabieh said The Distance Between Success and Failure!. As the title indicates this is a book on corporate strategy that revolves around the concept of the strategy paradox. The author best defines it as "The strategy paradox is that the prerequisites of success are often the antecedents of failure. Faced with this painful trade-off between the returns to bold commitment and the risk of making the wrong commitment, most organizations forgo the possibility of gory for an existence bereft of greatness." The book then goes on to describe the issues and limitations with current strategic thinking approaches and then presents the stra. "Excellent Strategic Flexibility concept" according to Amazon Customer. Excellent conceptual guidelines for strategic thinking in the VUCA context (Volatility, Uncertainty, Complexity, Ambiguity), with a focus on Strategic Uncertainty, in a bold attempt to solve the strategic paradox between the possible great success and the remarkable failure of any outstanding strategy. The core concept of the book is that of the Strategic Flexibility, based on what Raynor defines as Requisite Uncertainty, recommending a breakdown of the management hierarchy's focus on a variable strategic horizon, longer for the top management and shorter for the lower hiera. Barton Breen said Counter-Intuitive Approach with Strong Support. Up front, those reading this review should know that I work for the same consulting firm of the author and have assisted in facilitating group training using this book. I have not been directed by anyone within my firm to write this review nor am I under any constraint to only give this book a positive review. I am providing this review at my own initiative as a regular reviewer on Amazon on my own time.Michael Raynor's work in the Strategy Paradox might seem in some ways to be an exercise in shooting oneself in a foot. As a recognized consultant and academic leader in the f