Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Structure in Fives: Designing Effective Organizations Review

Structure in Fives: Designing Effective Organizations
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Mintzberg would have to be one of the most astute writers on business matters I have ever read. Although there are many other fine authors, Mintzberg seems to stand in a class of his own when it comes to discussions of strategy and organisation, and as I am finding out: business education and practical management.
I was awed by his books Strategy Safari and The Rise and Fall of Strategic Planning, but, Structure in Fives (Sin5's) (or the more academically oriented reference text from which it derives: 'The Structuring of Organizations') is, arguably, his finest work.
To understand some of where Mintzberg's views in his later works come from, Structure in Fives is the book to read (although I understand he will eventually be putting out an update called Structure in 7's, with the extra 2 "structures" already alluded to in other Mintzberg works).
The core theme of the book is that any organisation is defined by the interaction of two key parameters: the division of labour and the means by which that division of labour is coordinated. An analysis of these interactions result in the discovery of 5 "ideal" organisational configurations which seem to be the building blocks used to "synthesise" all real organisations.
For me, the true power of Mintzberg's logic is reflected, in particular, in two areas, amongst others:
1. He creates a diagramatic representation of an organisation which has been repeated in many of Mintzberg's subsequent works. Those who think that the diagram was of artistic value alone will be pleased to read a logical explanation of the forces which create the structure and how that structure is modified as the forces change their relative contributions. Whatever artistry there is, it is about painting the natural rhythm of logic applied to organisations.
2. The integral relationship between structure and strategy is elucidated with a logic which is difficult to assail. Mintzberg helps you understand that the argument about what follows what: structure or strategy, is a barren one. They are so intertwined, they are indeed two sides of the same coin. To speak about strategy IS to speak about structure, and vice-versa; one cannot exist without the other.
It is a pity I read Strategy Safari and The Rise and Fall of Strategic Planning before I read Sin5's. Reading Sin5's first clarifies everything. Indeed, I cannot recommend reading any of Mintzberg's works (on organisation or strategy) without reading Sin5's first (or its more academic precursor). There are quite a few important areas of explanation in Sin5's which are lost in later works as they try to convey the original ideas in summary.
Even more importantly, reading Sin5's will help you understand any other authors' works on organisation and strategy. Sin5's is, arguably, the current benchmark for clarity and depth against which all others are measured - which says a lot given how long ago it was written. None that I am aware of have come close to matching Mintzberg ... yet.
Excellent. Highly recommended.

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Here's a guide that shows managers how to choose the best organizationaldesign for their business from five basic structures identified by theauthor. In it readers will discover how to avoid typical mistakes,especially those pertaining to conflict among different divisions.

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Performance Measurement and Control Systems for Implementing Strategy: Text and Cases Review

Performance Measurement and Control Systems for Implementing Strategy: Text and Cases
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I rarely get excited about textbooks, but this particular treatment of strategy, balancing leading and lagging indicators with a view of past, present and future, was enlightening. This book should be a "must read" for any mid- or senior- level manager. It shows how to make your decisions more fact-based and less 'art'. With the coming of age of "management of knowledge" this is a great tool to use to improve business processes. Definitely worth every single penny spent - but especially if you are interested in learning tangible methods!

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Provides and integrated, action-oriented roadmap to all the control system tools and techniques that are needed to manage a business effectively. New accounting techniques including profit wheel analysis, and Strategic profitability analysis. Provides the most comprehensive presentation of the Balances scorecard approach by one of its originators. A carefully integrated structure. For managers and MBAs who are interested in learning more about Management Control Systems.

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Strategy Safari ('financial Times' S.) Review

Strategy Safari ('financial Times' S.)
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This is the most valuable book ever written on strategic management. Be sure to read and apply its lessons well!
I have worked in the field of strategic management since before it was called that, both as a practitioner and as a consultant. One of my favorite complaints about books in the field is that they emphasize one facet of developing and implementing stratgies and ignore the others. This book is the outstanding exception to that problemmatic standard of tunnel vision. There's no stalled thinking here about strategic management.
If you are like me, you would like to get better results from strategic management. Solving one part of the task and ignoring the others leads to failure just as surely as ignoring strategic managment does. Imbalance in perspective can be equally dangerous. As the authors point out, " . . . The greatest failings of strategic management have occurred when managers took one point of view too seriously."
Mintzberg, Ahlstrand, and Lampel start out by pointing out that there are five different kinds of strategy definitions (as plan, pattern, perspective, position, and ploy). When you read books about strategy, keep these in mind.
They begin with the tale of the six blind men and the elephant. Each can grasp one element of the elephant, but cannot grasp the whole. That's the situation the authors are warning you against.
They define this work as "a field review not a literature review" so you don't find every book's details. Whew! That's a relief. On the other hand, they are clearly familiar with the literature and cite it where appropriate. The book is designed for managers, consultants, professors and students. The style is also designed to be easily accessible. And these goals are well achieved in my view.
Although recognizing that the human mind boggles past 7 items (which seems to be the limit of what short-term memory can retain), they found 10 themes in the field. The first three emphasize traditional left-brained thinking of the sort that dominates in business schools: Design, Planning, and Positioning. The next six are other aspects of strategic management that are more right-brained: Entrepreneurial, Cognitive, Learning, Power, Cultural, and Environmental. The final one is focused on transformation, the school of Configuration. Each one receives its own chapter and its weaknesses are displayed.
In chapter 12, the reader is encouraged to synthesize the 10 themes into integrated use. There is a table (12.1) that neatly summarizes each theme, a figure (12.2) that shows how they are mutually related, and a remarkably useful figure (12.3) that effectively shows how they can be integrated from perspective and in sequencing.
You may be wondering what all of the fuss is about. Basically, strategic management is one of those fields that has yet to emerge with an integrated perspective on the firm. In fact, the problem is poorly perceived because most people are unaware of the areas they are ignoring. In fact, I always create syntheses of these areas in my writing and am often criticized for dealing with subjectively perceived nonissues that the readers do not see the importance of. Strategic myopia seems to be a common problem, not just among the scholars.
I feel very indebted to the authors for developing such a wonderful overview that I can recommend to others (including my clients). I also appreciate their clarifying that the important question now for strategic management is creating a useful synthesis. My personal view is that this must be done by creating one simple, effective mindset that encompasses all ten perspectives, without requiring anyone to learn each one directly.
I strongly urge you to read and apply the lessons in this seminal work on strategic management. I also hope you will find your own novel integrations of these perspectives and share them.
Good luck in expanding your perceptions of strategic management and its potential to help you and your organization succeed!
After you have finished this book, ask yourself which of the perspectives are missing from or underrepresented today in your organization. Then begin to think of ways to add those perspectives.
If you would like to learn more about strategy, you should also read Mintzburg's outstanding book, The Rise and Fall of Strategic Planning, which I have also reviewed.

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"Henry Mintzberg's views are a breath of fresh air which can only encourage the good guys."The Observer"My favourite management book of the last 25 years? No contest. The Rise & Fall of Strategic Planning by Henry Mintzberg."Tom PetersThe word strategy has been around for a long time.It is considered to be the high point of managerial activity, and managers use the word both freely and fondly.But what does the word really mean?Strategy Safari sets out to provide an answer. In this colourful primer, Henry Mintzberg, Bruce Ahlstrand and Joseph Lampel draw together diverse strands of strategic thought into ten distinct schools.In a final chapter they seek to blend the schools together; pointing out however that a truly unified theory may not be possible or desirable.The result is a thoughtful and readable guide to the wilds of strategic management. Stratefy Safari can be read by anyone with an interest in business strategy but it is especially useful to those managers, scholars and students who must reconcile academic theory with the everyday reality of modern corporate practice."Like butchers, the academics and consultants chop up reality for their own convenience...managers can allow themselves no such luxuries.They can use it only if it remains intact as a living being."

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Management Consulting: Delivering an Effective Project (3rd Edition) Review

Management Consulting: Delivering an Effective Project (3rd Edition)
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Good product, very good condition.
Service was quick and correct.
When it comes to textbooks, you want the correct item in the correct amount of time.

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The book is aimed at students takingdedicated management consulting modules and work placement programmes at undergraduate and postgraduate level. It is well suited to students of business as well as scientific and creative disciplines who undertake a work-based project during the course of their academic study.

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Airline: A Strategic Management Simulation (4th Edition) Review

Airline: A Strategic Management Simulation (4th Edition)
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Used worldwide, this is one of the best selling simulations for use in senior level business strategy, global strategy, marketing management, services marketing/management, airline management and tourism managment courses. The book that is listed is the STUDENT MANUAL for the course. The instructor will have the software for the simulation. This is not a stand-alone product but must be administered by the instructor in the course. This book would be the same book as purchased in the college bookstore.

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Easy to start-up and use—even for readers with no computer experience—this Windows based strategic management simulation turns individuals into teams with the responsibility of running a regional airline. By analyzing a company's history, financial reports, and other information provided, the teams make decisions concerning hiring, forecasting, suppliers to use, costs, etc. Teams are challenged to establish objectives, plan the strategy to accomplish those objectives, and then operate the airline on a quarter-by-quarter basis. Each team's decisions are input into a computer which acts as the flying public and assigns sales to each firm based on the decisions each has made. Team members are shown how to keep adequate records, analyze happenings and develop relationships, effectively organize the team, and delegate the work. For use by various organizations promoting team building, strategic management, and marketing strategy.

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Operations Strategy (2nd Edition) Review

Operations Strategy (2nd Edition)
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During the years, I have accumulated an extensive operational strategy reference library, ranging from manufacturing, government and service issues. This is an excellent book for more comprehensive learning of the discipline. Besides the holistic view of the subject, I think it has many interesting points related to the content of operational strategy. This books focus main thesis is the need of sound reconciliation between market requirements and the operational resources of the organization. Great diagrams and charts add tremendous value to the writing. The book could be improved for teaching purposes with the inclusion of cases.


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Operation StrategySecond EditionNigel Slack and Michael LewisIdeal for Advanced Undergraduate and Postgraduate students, this book builds on concepts from Strategic Management, Operations Management, Marketing and HRM to give students a comprehensive understanding of Operations Strategy.Features *Comprehensive and accessible with authoritative authorship and an excellent blend of theory and practice *A European context *Engaging case studies *Teaching resources including an Instructor's Manual with extensive case notes and PowerPoint slides at www.pearsoned.co.uk/slack. What's New? *This new edition has been focused to concentrate on the most significant topics in the subject, with 10 chapters replacing the previous 15. New material has been added and coverage of some older topics has been revised (see new table of contents). *End-of-chapter case exercises have been replaced by a major end-of-book section ofHarvard-type' cases. *New to the Instructor's resources online: additional cases and a set of questions and answers for class use / exam use.*New coverage of hot topics, such as the implications of ERP and Six Sigma on ops strategy, agility and it's inter-relationship with lean, supply management issues, operations strategy for competitive advantage and SCM, and implementation.

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Essentials of Accounting (10th Edition) Review

Essentials of Accounting (10th Edition)
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The book is required in our class of Finance as an introduction to the accounting system. It's quite easy to understand all the principles by doing the exercises yourself. And the special design of reverse printing and post tests are a big help. I had accounting class before and was often confused with debits and credits of whatever assets or liablities and equity. However, when I'm doing this book, everything is clear - there's considerable details to explain how to debit or credit any accounts. Simple introduction of non-profit organizations' financial statement also quite useful. Strongly recommended.

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"Split-page" Design: The unique format of this text enables students to study and learn with ease. All they have to do is cover the right-hand side of the page, work through the problems on the left-hand side, and then check their workbook. This method is ideal for comprehension. Essentials of Accounting, 10/e,is a self-teaching, self-paced introduction to financial accounting for active users of business data.Basic Concepts; Balance Sheet Changes: Income Measurement; Accounting Records and Systems; Revenues and Monetary Assets; Expense Measurement: The Income Statement; Inventories and Cost of Sales; Noncurrent Assets and Depreciation; Liabilities and Equities; Statement of Cash Flows; Analysis of Financial Statements; Nonprofit Financial Statements; International Financial Reporting Standards.For active users of business data who want to expand their knowledge or refresh their skills.

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Exploring Corporate Strategy: Text Only (7th Edition) Review

Exploring Corporate Strategy: Text Only (7th Edition)
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This is one of my favourite strategy texts. At first, I found this book fairly heavy reading. However, once I got deeper into the subject, I found it very useful (especially when I was studying for an MBA). I believe that the text provides the reader with a good grounding on strategic principles on which to build more specialist knowledge of the subject.
The text covers all the key steps of strategy development including analysis, selection and implementation. For each step, Johnson and Scholes also provides a number of techniques (including, PEST analysis, Porter's Diamond, Porter's Five Forces, Value Chain analysis, SWOT, Cultural Web, etc).

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Over 600,000 students worldwide have used this best-selling book to understand and explore strategic management through their academic and professional careers."Exploring Corporate Strategy" has established a reputation as a pre-eminent textbook in its field, based upon the expertise of authorship, range of cases, depth of commentary and wealth of supporting resources.The 7th edition builds on these strengths with the introduction of a new author, Richard Whittington. The enhanced coverage of international strategy and the resource-based view, as well as improved visual presentation, ensure that this book continues to lead the way in exploring strategic management. The text includes access to a companion website, which includes:For lecturers; Instructors Manual with case notes, over 300 PowerPoints, additional classic cases from previous editions and a secure Test bank. For Students; Multiple choice questions, weblinks, case updates, and additional case studies.Suitable for courses studying Strategic Management at all levels.

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The Essential Guide to Computing: The Story of Information Technology (Essential Guide Series) Review

The Essential Guide to Computing: The Story of Information Technology (Essential Guide Series)
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There is a great breadth of information presented in a very lucid fashion. The material is easy to understand, and the author adds a great sense of humor.
However, with the rapid advancements in technology, the book is a bit dated. I would highly recommend this book to anyone who wants a gain a great breadth of knowledge in the field of Information technology, in a short period of time.

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The Complete, easy-to-understand guide to IT-now and in the future! Computers, networks, and pervasive computing Hardware, operating systems, and softwareHow networks work: LANs, WANs, and the InternetE-business, the Web, and security

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Marketing Management and Strategy (4th Edition) Review

Marketing Management and Strategy (4th Edition)
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This book explores the role of marketing in the modern enterprise, presenting an up-to-date review of the most important concepts and techniques that managers need in order to analyse today's markets and to capitalise on the opportunities that are continually emerging. Marketing is the single most important determinant of success as the ability to satisfy-or delight-customers is the only determinant of an enterprise's ability to generate revenues. No enterprise exists for its own sake but rather its mission is to meet the needs of those customers it was created to serve.
Thus, marketing, according to author Peter Doyle, is the philosophy of management that recognises that the success of the enterprise is only sustainable if it can organise to meet the current and prospective needs of customers more effectively than the competition. Marketing tries to get the enterprise to develop and offer what the customer will find of real value. In this way, marketing seeks to build long-term, mutually beneficial partnerships between the enterprise and its customers.
This innovative book is for senior managers and those taking advanced marketing courses on MBA, CIM and similar post-experience programmes. It focuses on strategic planning and decision making in today's rapidly changing and highly competitive global markets.
Peter Doyle is Professor of Marketing and Strategic Management at the University of Warwick, where he heads both the executive and MBA programmes. He has previously held positions at INSEAD, London Business School, Bradford University, Stanford and the University of Hawaii. He is one of the world's leading academics and an experienced consultant on marketing and strategy. He has published five books and over 100 articles in professional journals. He has a First Class Honours degree from the University of Manchester and an MBA and a PhD from Carnegie-Mellon University.

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A concise and management oriented book on Marketing Management Strategy. With an international company focus, readers will see how developing great marketing strategies will improve company performance.

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