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A review by tanja_alina_berg
Strategic Management: Concepts by Frank T. Rothaermel
5.0
Book challenge 2015, category: "Completing a book you started but did not finish".
Well, this is by no means the book which has been left half-read the longest. I started it in October 2014 and it's only January now. In between has been a few rough months in which I lost a bit of zest.
Anyway, with this book I finally hit the jack-pot. It explains the core concepts of strategic management very well. Aditionally, for inspiration, the multi national enterprise I work is mentioned several times.
"Strategy describes the goal-directed actions a firm intends to take in its quest to gain and sustain competetive advantage". Sounds so easy and is so difficult in reality. Implementation is much more difficult than strategy formation.
"Strategy implementation often fails because managers are unable to make the necessary changes due to its effects on resource allocation and power distribution within an organization". Structure most follow strategy, not the other way around. That certainly gives me food for thought.
This is an excellent, clear, consice book on strategy. Certainly intended for students, but that I am no longer. I just believe in the concept of educating myself and making sure I don't have too many white spots. This book has lent me useful insights and I'll probably be keeping it in my office for handy insight.
Well, this is by no means the book which has been left half-read the longest. I started it in October 2014 and it's only January now. In between has been a few rough months in which I lost a bit of zest.
Anyway, with this book I finally hit the jack-pot. It explains the core concepts of strategic management very well. Aditionally, for inspiration, the multi national enterprise I work is mentioned several times.
"Strategy describes the goal-directed actions a firm intends to take in its quest to gain and sustain competetive advantage". Sounds so easy and is so difficult in reality. Implementation is much more difficult than strategy formation.
"Strategy implementation often fails because managers are unable to make the necessary changes due to its effects on resource allocation and power distribution within an organization". Structure most follow strategy, not the other way around. That certainly gives me food for thought.
This is an excellent, clear, consice book on strategy. Certainly intended for students, but that I am no longer. I just believe in the concept of educating myself and making sure I don't have too many white spots. This book has lent me useful insights and I'll probably be keeping it in my office for handy insight.