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    The Strategy Paradox (Review and Analysis of Raynor's Book)
    The Strategy Paradox (Review and Analysis of Raynor's Book)
    The Strategy Paradox (Review and Analysis of Raynor's Book)
    Ebook41 pages31 minutes

    The Strategy Paradox (Review and Analysis of Raynor's Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Michael Raynor's book: "The Strategy Paradox: Why Committing to Success Leads to Failure (and What to Do About It).

    This complete summary of the ideas from Michael Raynor's book "The Strategy Paradox" shows that whenever you develop a strategy to achieve a specific objective, you are also automatically making some implicit assumptions about what the future market forces will be. If that forecast of future market conditions turns out to be incorrect, then your strategy which had a reasonable chance of success might turn out to be an absolute failure. In his book, the author explains that this is the essence of the strategy paradox. This summary explains how to hedge your strategic bets by creating a number of strategic options which can be harnessed depending on the actual marketplace conditions and the four phases of the strategic flexibility process.

    Added-value of this summary:
    • Save time
    • Understand key concepts
    • Expand your knowledge

    To learn more, read "The Strategy Paradox" and discover the key to protecting your business from failure.
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateNov 12, 2014
    ISBN9782511021903
    The Strategy Paradox (Review and Analysis of Raynor's Book)

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      Book preview

      The Strategy Paradox (Review and Analysis of Raynor's Book) - BusinessNews Publishing

      Book Presentation: The Strategy Paradox by Michael Raynor

      Book Abstract

      About the Author

      Important Note About This Ebook

      Summary of The Strategy Paradox (Michael Raynor)

      Book Abstract

      Main Idea

      Whenever you develop a strategy to achieve a specific objective, you are also automatically making some implicit assumptions about what the future market forces will be. If that forecast of future market conditions turns out to be incorrect, then your strategy which had a reasonable chance of success might turn out to be an absolute failure. This is the essence of the strategy paradox. The same behaviors and characteristics which maximize your probability of success also maximize your probability of total failure at the same time.

      To overcome the strategy paradox, build in some flexibility and adaptability into your business strategy. Develop multiple choices which can respond appropriately to the different requirements of several market conditions. In simple terms hedge your strategic bets by creating a number of strategic options which can be harnessed depending on the actual marketplace conditions.

      Strategic flexibility will have four distinct phases:

      Anticipate – Build multiple scenarios of the future

      Formulate – create an optimal strategy for each scenario

      Accumulate – determine which strategic options are required

      Operate – manage your portfolio of options effectively

      About the Author

      MICHAEL RAYNOR is a consultant with

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