Demystifying Strategy: How to Become a Strategic Thinker

Demystifying Strategy: How to Become a Strategic Thinker

by Tony Grundy
Demystifying Strategy: How to Become a Strategic Thinker

Demystifying Strategy: How to Become a Strategic Thinker

by Tony Grundy

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Overview

Demystifying Strategy provides you with not only the basic strategic tools and techniques but also a thorough understanding of the entire process of strategic thinking and management. Using tips, guidelines and exercises it helps you to assess your own strategic mind and covers key topics such as: the different perspectives on strategy, economic analysis, dynamic competitive positioning, designing and evaluating options, implementation, managing the strategy process and how to nurture your strategic mind. Aimed at executives, entrepreneurs and also students of management, it enables you to assess the teaching of strategy 'gurus', construct your own strategy audit and challenge thinking styles by assessing the cognitive processes involved in developing successful strategies.

Product Details

ISBN-13: 9780749465681
Publisher: Kogan Page, Ltd.
Publication date: 10/30/2012
Pages: 336
Product dimensions: 6.10(w) x 9.10(h) x 0.90(d)

About the Author

Dr Tony Grundy is an internationally experienced, independent strategy consultant working with major corporations and organizations of all kinds of sizes. His clients include Barclaycard, Boots, BP, Diageo, Dyson Appliances, Easyjet, the Economist Group, Emirates Airlines, Ernst and Young, Financial Times, Ford, HSBC, KPMG, Microsoft, Motorola, Nokia, Pfizer, Tesco and Vodafone. He currently teaches at Henley Business School and is Visiting Senior Fellow at Cranfield School of Management, where he has trained over 1,000 managers to make the shift from operational management to being strategic managers.

Table of Contents

01 Opening the doorway to strategy 1

Introduction 1

What will the book do for you? 2

What is entailed in reading it? 8

What is strategy? 11

What is strategic thinking? 23

Overview of the book 31

Key insights from the chapter 31

02 Embracing the strategic world - part 1 33

Introduction 33

The conceptual perspective 34

The cognitive perspective 58

The emotional perspective 62

Key insights from the chapter 70

03 Embracing the strategic world - part 2 72

Introduction 72

The influencing and political perspective 72

The process perspective 83

The implementation perspective 100

Key insights from the chapter 104

04 Analysing strategy economically 106

Introduction 106

What the gurus say 107

Porter's five forces 125

Case study of Porter's five forces in the funerals industry 132

Key insights from the chapter - general 143

Key insights from the chapter - Porter's five forces in depth 144

05 Dynamic competitive positioning 146

Introduction 146

What the gurus say 146

Bikram yoga case study 159

Key insights from the chapter 173

06 Designing and evaluating options 175

Introduction 175

How to use the strategic option grid in more depth 180

The optopus 194

The cunning checklists 203

Key insights from the chapter 211

07 Implementation 214

Introduction 214

Fishbone analysis 218

Wishbone analysis 226

From-to (FT) analysis 227

How-how analysis 230

Attractiveness and implementation difficulty (AID) analysis 232

Force field analysis 237

Difficulty-over-time curves 241

Revisiting stakeholder analysis 242

Interrelating the tools 249

Key insights from the chapter 251

08 Managing the strategy process 253

Introduction 253

The plan for the plan 254

Asking the right questions 256

The strategy audit 258

Running strategy workshops 262

Collecting the data in cunning ways 267

Overview of the tools 268

Project managing the strategic breakthroughs 271

The business case 275

Doing a strategic position paper 276

Scenarios and uncertainty 278

Contingent strategy 286

Managing intangibles 289

Managing implementation 291

Key insights from the chapter 291

09 Bringing it all together 295

Introduction 295

Case study: Implementing the process at the Legal Complaints Service 295

Enhanced influencing 298

Managing your own cognitive processes and emotions 299

Tips for applying strategic thinking to the everyday 301

Summary of insights 304

Conclusion: a final story 312

References 313

Index 315

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