Strategy, an ancient pursuit, has evolved through the centuries and in today's business environment applies to all organizations, across all sectors and geographies.
The Strategist's Handbook is a collection of the best materials, insights, tools, and templates that comprise the core Strategy course taught in the undergraduate, MBA, Executive MBA, and Post-graduate Diploma programs at the Saïd Business School, University of Oxford. Each of the best practices, pitfalls to avoid, tools and templates presented in this book has been field-tested and refined for over three decades while working with for profit, not-for-profit, and government organizations, across multiple industries around the globe to help them develop and implement their strategies.
The guidance and tools can be applied in small, mid-sized, and large organizations; their application just needs to be scaled accordingly. While this is a practical “how to” book, the tools and approaches presented are based on a solid foundation of well-established theory and extensive research that is also highlighted within each chapter. The contents can benefit those new to “strategy” as well as seasoned strategy professionals, current and aspiring senior managers, middle- and front-line managers, functional experts, and strategy consultants.
Introduction Purpose and scope of the book Overview of what it means to be a strategist in various contexts Part 1: Foundations of Strategy What is Strategy?
Definition and evolution of strategy Importance of strategic thinking Key Concepts in Strategy
SWOT analysis Competitive advantage Value proposition Frameworks and Models
Porter's Five Forces PESTEL analysis Balanced Scorecard Part 2: Strategic Analysis Market Analysis
Understanding market dynamics Market segmentation and targeting Competitor Analysis
Assessing competitors' strengths and weaknesses Competitive positioning Internal Analysis
Assessing organizational capabilities and resources Core competencies and competitive advantage Part 3: Strategy Formulation Strategic Planning
Setting strategic goals and objectives Long-term vs. short-term planning Business Strategy
Differentiation vs. cost leadership Blue ocean vs. red ocean strategy Corporate Strategy
Aligning strategy with organizational structure and culture Change management and leadership Resource Allocation
Budgeting and financial planning Allocating human and technological resources Monitoring and Control
Key performance indicators (KPIs) Performance evaluation and adjustment Part 5: Special Topics in Strategy Innovation and Entrepreneurship
Strategies for fostering innovation Entrepreneurial strategies Global Strategy
International expansion strategies Managing global operations and challenges Conclusion Summary of key takeaways Future trends and challenges in strategic management Appendices Case studies and examples Glossary of strategic management terms
This entire review has been hidden because of spoilers.
Favorite Excerpt: “must consider strategy execution, both during the climb and while planning the climb … Success in climbing Everest does not depend on choosing the right path, but on the climber’s capacity to deal with the conditions of the actual climb” (Powell, 2017, p. 165).