In today's world, only the smartest survive. The competitive landscape is littered with graves of well-known firms whose revenues, profits and stock prices rose for decades until they suddenly imploded.
In fast-changing business environments, firms must adapt their strategies and innovate to remain at the top. But many successful firms fail to do so. Instead, they succumb to inertia, hesitate, or stick blindly to their old strategies, until it is too late.
The ability to adapt to change is a measure of intelligence; so why do firms demonstrate such low Strategic IQ? What causes inertia and why is it so deadly? How can leaders help their firms to act more intelligently?
This book identifies the key sources of inertia - strategic, structural and huma - and provides practical advice on how they can be overcome to create smarter corporations. It is both a wake-up call for successful firms and a lifeline for firms struggling to succeed.
To successful firms - beware! You may already be dead!
To struggling firms - have hope! It is possible to pass powerful competitors by raising your strategic, structural and human IQ.
"Hard-hitting and stimulating, Wells' thesis carries a robust message that should make business leaders the world over sit up and think." Archie Norman, Chairman of ITV, UK
"Wells makes a compelling case for dramatic change." Ron Sargent, CEO of Staples, USA
Librarian Note: There is more than one author in the Goodreads database with this name.
John Christopher Wells is a British phonetician and Esperanto teacher. Until 2006 he held the departmental chair in phonetics at the University College London.
As a professor, John Wells is witty, entertaining, and unquestionably brilliant. Having said that, Strategic IQ falls flat. The book adds little to the already-saturated strategy canon, and Wells' greatest asset--his snarky personality--is lost in its dense prose. In the forward, Wells claims his editor forced him to cut the book by half; I suspect better advice would have been to "write the way you speak."