This book is about strategy creation and implementation.A goodstrategy matched with outstanding implementation is every cornpaw’s best assurance of success.It is also an undeniable sign of good management.As an Essentials publication,this book does not Covereverything in depth,and it certainly won’t make you a strategy expert.But it does address all the important topics,and will get you off to a very good star—and with substantial confidence.
The Harvard Business Essentials series is designed to provide comprehensive advice,personal coaching,background information,andguidance on the most relevant topics in business.Drawing on richcontent from Harvard Business Sch001 Publishing and other sources,these concise guides are carefully crafted to provide a highly practical resourCe for readers with all levels of experience,and will proveespecially valuable for the new manager.To assure quality and accuracy,each volume is closely reviewed by a specialized content adviserfrom a world-class business school.Whether you are a new manager seeking to expand your skills or a seasoned professional looking to broaden your knowledge base,these solution-oriented books put reliable answers at your fingertips.
Introduction
1 SWOTAnaIvsis I
Looking Outsidefor Threats and Opportunities
External Analysis
Porter's Five Forces Framework
Summing Up
2 SWOT Analysis II
Looking Insidefor Strengths and weaknesses
Core Competencies
Financial Condition
Management and Culture
A Method for Evaluating Internal Strengths and Weaknesses
Summing Up
5 Types ofStrategy
Which Fits Your Business?
Low-Cost Leadership
Difierentiation
Customer Relationship
NetworkEffect Strategy
Summing Up
4 Strategic Moves
The Mechanisms of Success
Gaining a Market Beachhead
Market Entry Through Process Innovation
ApplyingJudo Strategy
Market Entry Through Product Differentiation
Create and Dominate a New Market
BuyingYourWayIn
Summing Up
5 From Strategy to Implementation
Seeking Alignment
People and Incentives
Supportive Activities
Organizational Structure
Culture and Leadership
SummingUp
6 Action Plans
The Architecture of Implementation
From Strategic Plan to Unit Action Plans
SetGOals
Agree on Performance Measures
Formulate Action Steps
Determine the Resources Needed
Identify Interlocks
Estimate the Financial Impact
A Sample Action Plan
Summing Up
7 How to Stay on Course
Sensing and Responding to Deviations from Plan
A Model for Staying on Course
Progress Review
Informal Checks
Common Causes of Implementation Failure
Develop Contingency Plans tO Handle Potential Setbacks
SummingUp
8 The People Side of Implementation
Getting the Right People on Board
Enlist the Support and Involvement of Key People
Support the Plan with Consistent Behaviors and Messages
Develop Enabling Structures
Celebrate Milestones
Communicate Relentlessly
Summing Up
9 Strategy as Work-in-Progress
Keep Looking Ahead
How Well Is Your Strategy Working?
Warning Signs
Leading Strategic Change
Summing Up
Appendix:Useful Implementation Tools
Notes
Glossary
For Further Reading
lndex
About the Subject Adviser
About the Writer