|
|
Four reasons to be interested in Strategic Management Dynamics
Strategy Dynamics focuses exclusively on concepts, indicators and other factors that can be seen, defined and measured
in the real world. This includes financial and other performance outcomes an organization is tracking each period, tangible
resources that management seek to build, and real-world factors that impact on how those resources and the performance
they influence develop over time.
As a result, the approach allows the decisions and choices that management actually make each period to be connected clearly
and unambiguously to the place in the organization's system that they affect, and hence to its performance. It also makes possible
control-diagrams that display how strategic management of that system is working - from management decisions through to
performance outcomes.
|
More about the book
Academics: Click to request inspection copy from Wiley
|
"The need for analysis of the dynamics of competitive strategy has long been recognized,
but few have dared to pick up the gauntlet. I'm delighted to see Kim Warren tackling this
challenging subject with precision, and insight. Those seeking to move beyond the conventional
wisdom and explore the state of the art in the theory and practice of strategic management will be
well-served by Warren's efforts."
Dr. Michael E. Raynor
Distinguished Research Fellow, Deloitte Consulting LLP
Author of "The Strategy Paradox" and co-author of "The Innovator's Solution"
Q: So how do we know which changes are important in which resources to combine?
A: That's a very tough question. It is a key issue - the next frontier and it is
underresearched, underwritten about, and underunderstood. I call it "strategy dynamics." ...
Most of the strategy concepts in use today are static. They explain stability and sustainability
of competitive advantages
Richard Rumelt
Extract from interview in McKinsey Quarterly, August 2007.
[NOTE: the textbook focuses on the dynamics of strategic management, period to period, but also tackles competitive dynamics and points to implications for industry-wide changes.]
"Thank you - it was a pleasure for me to be in your class and I will probably use this powerful tool in my full time position within Google."
Amir Kaspi: Visiting Student from Stern School of Business: New York
I guess I told you this before, but this course has provided me with a VERY interesting and new
way to approach strategy. Before taking it I was afraid about how I will take advantage of a Strategy
course having already taken modelling and Strategy in my MBA course. However, you opened a
new window that hopefully will help me in future consulting engagements. So thank you!
Diego Socolovsky, Distance Learning student, Uruguay
|
Jim McDonnell, Partner, Price Waterhouse Coopers strategy group, at book launch (2'47")
|
Starting in marketing with the oil and petrochemicals industry, Kims' most substantial professional time was with
Whitbread PLC as Retail Strategy Director - designing a corporate strategy that built a $3bn/year multi-operation
business in restaurants, hotels and leisure retailing in under 10 years.
This experience proved invaluable when Kim moved to London Business School in 1990 to teach strategy in MBA and executive
classes. He says "It was soon clear that the major approaches in the field, powerful as far as they went, did not address the
fundamental challenge facing senior executives - designing and managing strategy continuously as performance
and the competitive environment develop."
The last 10 years have been spent filling this gap - working to define and consolidate the strategy dynamics
approach, working to prove it with organizations of all kinds and sizes, and training from MBA to senior executive
and consultant - partner levels. "It's a fantastic feeling to have cracked a major management challenge with an approach that
you know for certain just works - the most fun I've ever had in my professional life!"
Kim was awarded the 2005 Jay W. Forrester Prize for his first book "Competitive Strategy Dynamics".
The prize is awarded for the best contribution to the field of system dynamics
published in the preceding five years.
|
More resources:
Presentations:
Products:
|