Showing posts with label business strategy. Show all posts
Showing posts with label business 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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Professional Office Procedures (5th Edition) Review

Professional Office Procedures (5th Edition)
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I just browsed through this book and I like it is going to help me start my own business it is a excellent book to have.

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For courses in Professional Office Procedures. Professional Office Procedures prepares students for the realistic situations, tasks and problems they will encounter in a state-of-the-art office environment. Using flexible, stand-alone chapters, this edition has been updated to reflect technology-driven innovations and is ideal for both traditional and distance learning courses. Each chapter features a wide range of activities that focus on Internet research, software application, punctuation review and human relations skill development. This new edition features more on technology, three new chapters (diversity, stress management and business etiquette), an integrated testing feature and inspiring stories of personal success.

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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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Economic Approaches to Organisations (4th Edition) Review

Economic Approaches to Organisations (4th Edition)
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This is a collection of theories from the business literature about the behavior of people in organizations and the organizational forms it engenders. In addition, a gentle introduction to economic concepts from choice theory and game theory is given. The book does not really achieve a synthesis of the different ideas presented, even though the authors attempt to tie the approaches together in the chapter introductions and the (weak) conclusion. Deeper insights are perhaps not possible at this level of presentation. Redeeming features are the clear and readable exposition of each theory, and the well-chosen examples. The book works well as an initial primer for economists about business research on organizations and strategic management. For this purpose, I would recommend it, since the coverage is fairly complete and, though not formal, cogent and to-the-point.

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Focuses on economic decision making within the firm and helps students make the link between management and economic theories and ideas.

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Innovation Management and New Product Development (4th Edition) Review

Innovation Management and New Product Development (4th Edition)
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I bought this book as a requirement for an MBA class titled "Management of Innovation/Technology." Beyond reading Paul Trott's Innovation Management and New Product Development to satisfy class requirements is my personal involvment in innovation and technology. Paul Trott's text helped me to understand the company I worked for many years ago and the role I have played since when consulting. Paul Trott provides a valuable perspective for anyone who is involved in research and development in a corporate, or for that matter, academic setting.
If you find yourself, due to pursuing a passion for some subject (computer virtualization in my case), in a position where you are helping to develop, market or finance something that will make customers ask themselves "Who came up with that neat ideat" then you should read Mr. Trott's book. Mr. Trott provides insight into the different types of innovation that companies engage in, the lifecycle of new products and how organizations use their intellectual and technological assets to their advantage as well as customers and even society at large.

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Written in an accessible style, thisfourth edition brings a change in structure to clearly set out three key areas for the student: Innovation management, managing technology and knowledge and new product development.

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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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Business Models: A Guide for Business and IT Review

Business Models: A Guide for Business and IT
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This book is manages to both delight and disappoint. The delight comes from the interesting perspective the author brings to modeling, and his obvious deep understanding of UML and its strengths and weaknesses. It disappoints because the writing is marred by overly academic format (copious footnotes and stilted language), and some disorganization.
Highlights include incorporating business rules, modeling and viewpoints to develop a business model that integrates IT and business. While the author appears to be going in the right direction, especially by touching on what I consider to be the major critical success factors and techniques, he manages to weaken this book by putting a non-standard spin on the topics. For example, his view of business rules seems to be more in line with what he proposed in his earlier book titled "Business Specifications", instead of the more mainstream approach that is well documented in Tony Morgan's "Business Rules and Information Systems" and Barbara Von Halle's "Business Rules Applied". The modeling approach itself departs from standard UML, even though the author does make a good case for doing so. The problem is that by sticking with an established standard, regardless of shortcomings, you will be consistent with accepted practices that are understood throughout industry. Going with the author's approach means a learning curve for your own staff as well as consultants, and serious problems when attempting to use mainstream tools, such as Rational Rose, to instantiate the business models.
I recommend this book to advanced practitioners in business modeling who want to mine some excellent ideas that are interwoven throughout, but do not recommend it to anyone who wants to learn business modeling.

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To build software that meets its business goals, IT and business professionals must work together closely to define specifications and build models that accurately describe them. In Business Models: A Guide for Business and IT, Haim Kilov gives you the shared language you need to accomplish this. He illuminates every key concept underlying today's most important approaches to specifications and modeling, giving business professionals practical insight for decision-making and giving IT experts practical tools for assessing your work in its business context.

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The Fundamentals of Production Planning and Control Review

The Fundamentals of Production Planning and Control
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This book goes into enough detail to thoroughly cover production planning and control without becoming monotonous or redundant. It has been very helpful to me as a new Production Planning Manager. I will look for other titles by this author.

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This focused book concentrates on planning and control; it answers the question: "what parts of operations management do we really need to know?" It does not bog the reader down with details, but allows them to concentrate on fundamental principles, such as the development and application of software solutions, inventory management, and lean production concepts. Topics include: forecasting, sales and operations, scheduling, materials requirements, capacity management, production control, "partnering" activities, and system integration. An excellent handbook for operations managers, production control workers, inventory control employees, and those involved in supply chain, logistics, and materials management.

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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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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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