Strategy that works : how winning companies close the strategy-to-execution gap /

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Bibliographic Details
Author / Creator:Leinwand, Paul, author.
Imprint:Boston, Massachusetts : Harvard Business Review Press, [2016]
©2016
Description:264 pages ; 25 cm
Language:English
Subject:
Format: Print Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/10539776
Hidden Bibliographic Details
Other authors / contributors:Mainardi, Cesare, author.
ISBN:9781625275202
162527520X
Notes:Includes bibliographical references and index.
Summary:"In a recent survey of executives, two-thirds of the respondents said they didn't think their organization could execute the company's defined strategy. Why is the strategy-execution gap so pervasive? And what can executives do to close it? In Strategy that Works, Paul Leinwand and Cesare Mainardi share their latest research into how the best companies in the world connect strategy to execution. Having the right capabilities in place is essential; but subsequent research by the authors' firm, Strategy &, shows that capabilities alone don't close the gap between what companies aspire to do and what they can actually accomplish. The authors identify, in all, five fundamental principles for connecting strategy and execution, and show how the best companies in the world use these principles to out-execute and out-compete their opponents. They: - Commit to winning by what they do best, instead of chasing multiple opportunities - Focus on and build only those capabilities, instead of benchmarking against competitors - Prune what doesn't matter to invest more in what does - Leverage the culture they have instead of reengineering it - Shape demand instead of constantly reacting to market changes Based on in-depth interviews inside companies that are known for their flawless execution and for redefining the competition in their industries, this book provides executives with the path for connecting strategy to execution"--
Review by Choice Review

Strategy That Works, by top consultants Paul Leinwand and Cesare Mainardi, is a practitioner-oriented, prescriptive book of the In Search of Excellence sort. It focuses on crafting strategy with a mind to where an organization wants to go, grounded in what it can practically accomplish. A winning company is one seen as managing itself around several differentiating capabilities and integrating them so they are coherent. "Coherence" involves combining a distinctive value proposition with a set of distinctive capabilities, as well as products and services using those capabilities. The authors "looked at fourteen enterprises closely," including Amazon, Apple, and IKEA, focusing on their aspects of coherence. Companies that have built capabilities for success deliberately, such as Tesla Motors and Under Armour, were also used for examples. The authors focus on five unconventional leadership practices that have enabled these companies to be winners: committing to an identity, developing ongoing strategies, establishing a strategy-reinforcing work culture, cutting costs, and aspiring to a great future. Perhaps an even more inspiring approach to strategy is Adam Grant's Originals: How Non-Conformists Move the World (2016). Summing Up: Recommended. Upper-division undergraduates, graduates, professionals. --Charles Wankel, St. John's University, New York

Copyright American Library Association, used with permission.
Review by Choice Review