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BOOK REVIEW “Competitive Strategy” by Michael Porter (1998)

Michael PorterWritten in 1980, Competitive Strategy, has formed the basis of modern strategic thinking for three decades. Amazon says that the book is now in its 60th edition and has been translated into 19 languages. It is still a great book to read though the recent bankruptcy of Michael Porter’s company, Monitor Group, has someone tarnised the image of the management guru. 

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BOOK REVIEW “Good Strategy / Bad Strategy” by Richard Rumelt (2011)

Summary

John Kay, one of Britain’s leading economists, declared that this is “the first book on strategy that I have found difficult to put down.” He is not the only one. It is an excellent read and gives a very thoughful insight into the strategic choices that companies must face. This has to be one of the best books on strategy that I have read this year.

Key words

Strategy, understanding strategy, market leader, sustainable competitive advantage. Continue reading

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BOOK REVIEW: “Good to Great” by Jim Collins (2001)

Key words

Strategy, Level 5 Leadership, Culture of discipline, The Hedgehog Concept, Corporate Culture, Packard’s Law, The Stockdale Paradox

Summary

This book is considered as one of the most important management books of the 1990s and has been in the best seller list ever since then. Collins says that the study required 10.5 people years of effort. 6,000 articles were read and coded and they generated more than 2,000 pages of interview transcripts. From this study they defined why 11 companies had made the transition from being good to truly great. Of course, time is always cruel with such studies and the business scholars today may have a wry smile when they see Fannie Mae & Circuit City. However, the others have done remarkably well since the study was published. Continue reading

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