The Strategy Paradox (Review and Analysis of Raynor's Book)
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About this ebook
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.
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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