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A review by hectorip
Hbr's 10 Must Reads on Strategy (Including Featured Article "what Is Strategy?" by Michael E. Porter) by Michael E. Porter, Harvard Business Review, W. Chan Kim
5.0
I don't know if this could be called a 'book' in all the extension of the word, but this is one of the most instructive books I've read in my life (although I haven't read that much).
It may be because before this book I barely know anything about strategy and corporate plans.
Just as the subtitle says: "If you read nothing else, read this". Absolutely.
A few of the concepts that had stuck with me:
- A strategy must include tradeoffs, to be difficult to replicate.
- The strategy is as much as what you won't do as much as you will do.
- A company vision is composed of different parts, the core something that not changes ever and the envisioned future, both things must inspire action, not as the dull and boring enunciates we think of as the 'mission' and 'vision' of the companies.
- To close the gap between a plan an the reality you need a set of actions and measures. But one of the most important actions and characteristics across high performing organizations is the ability to decide quickly and right.
- You must communicate effectively your strategy and get buy-in from every level.
- The vision of your company will help you hire the right people
- You can craft a phrase that encapsulates the essence of your strategy to help people take action quickly
I've learned much more and I hope I can write to avoid forgetting and practice what I've learned soon.
It may be because before this book I barely know anything about strategy and corporate plans.
Just as the subtitle says: "If you read nothing else, read this". Absolutely.
A few of the concepts that had stuck with me:
- A strategy must include tradeoffs, to be difficult to replicate.
- The strategy is as much as what you won't do as much as you will do.
- A company vision is composed of different parts, the core something that not changes ever and the envisioned future, both things must inspire action, not as the dull and boring enunciates we think of as the 'mission' and 'vision' of the companies.
- To close the gap between a plan an the reality you need a set of actions and measures. But one of the most important actions and characteristics across high performing organizations is the ability to decide quickly and right.
- You must communicate effectively your strategy and get buy-in from every level.
- The vision of your company will help you hire the right people
- You can craft a phrase that encapsulates the essence of your strategy to help people take action quickly
I've learned much more and I hope I can write to avoid forgetting and practice what I've learned soon.