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Business Strategy

Radical Focus by Christina Wodtke

The full title of this book by Christina Wodtke is

Radical Focus: Achieving Your Most Important Goals with Objectives and Key Results

In my review posted on Amazon.co.uk, I gave the book 4 Stars. This means Good and Well Worth Reading.

Here is my book review.

A business start-up novel about using OKR to drive the business forward.

This tells the story of two young entrepreneurs who are struggling to build a speciality tea business. Their investor introduced them to the idea of setting objectives and key results (OKR) and then to a new chief technical officer with more extensive knowledge of how to apply them. [continue reading…]

in Best Business Books

Strategy Under Uncertainty

This is part of the P3M2 module from the Pillar 3 Your Strategic Market Positioning.

Strategic Planning Under Conditions Of Fundamental Uncertainty

The Outline Highlights

  • Based on the Harvard Business Review article by Hugh Courtney, Jane Kirkland, Patrick Viguerie
  • Four levels of uncertainty – clear trend, discrete scenarios, range of potentials, total ambiguity
  • Roles – shapers, adapters, right to play
  • The Three Actions
    • Big bets – risky depending on uncertainty
    • Options
    • No regrets

[continue reading…]

in 3 – Your Strategic Positioning

The full title of this short book is

The Mindset Warrior Summary Guide: The 4 Disciplines of Execution: Achieving Your Wildly Important Goals by Chris McChesney, Sean Covey and Jim Huling: Key Concepts, Main Lessons & Theories

In my review posted on Amazon.co.uk, I gave it 4 Stars. This means it is Good and Well Worth Reading.

Here is my review.

Very helpful reminder of the main points of 4DX

The full book of the 4 Disciplines of Execution is quite repetitive. When it first outlined the 4DX approach, I thought it was going to be a brilliant expose of how to get very important things done effectively by a team. Unfortunately, I found it a frustrating read and I wouldn’t be surprised if it’s a book often started but not finished. [continue reading…]

in Best Business Books

The full title of this book by Chris McChesney, Sean Covey and Jim Huling is

The 4 Disciplines of Execution: Achieving Your Wildly Important Goals

In my review posted on Amazon.co.uk, I gave the book 4 Stars. This means it is Good and Well Worth Reading.

Here is my book review.

Great concepts for achieving excellence in virtually any situation

This book is about creating change, getting people to implement a new strategy by changing what they do through commitment rather than compliance.

Many business books are based on looking at successful companies and finding common factors in what they do. Other times, academics will develop their theory and then go out looking for evidence it works. This book is different. [continue reading…]

in Best Business Books

Scenario Planning

This is part of the P3M2 module from the Pillar 3 Your Strategic Market Positioning.

Scenario Planning – How To Deal With Major Uncertainty In The Future Economic Environment Of Your Business

The Outline

  • Technique is not recommended for most small businesses
  • Build alternative views of the future world and test strategies in each world.
  • “Fork in the road” e.g. UK & EU
  • Collective learning for the team
  • Some foresight better than none
  • Increases awareness – Boiled Frog syndrome
  • Disruptive change may be unpredictable

First I should make it clear that I don’t recommend this for 95% of small businesses.

However if you are facing a major uncertainty in the future, it is a powerful way to help you to work through the different options and decisions. [continue reading…]

in 3 – Your Strategic Positioning

PESTER Analysis

This is part of the P3M2 module from the Pillar 3 Your Strategic Market Positioning.

Review Your External Environment For Strategic Changes With PESTER Analysis

What Does PESTER Stand For?

  • P = Political
  • E = Economic
  • S = Social & Cultural
  • T = Technological
  • E = Ecological
  • R = Regulations

It is also known as PEST, PESTLE, STEP, STEEP and probably a few other acronyms. The best known is probably PEST but I find the extra ER useful to make sure there is a more comprehensive review. [continue reading…]

in 3 – Your Strategic Positioning

Why Strategic Plans Fail by Can Akdeniz

The full title of this book by Can Akdeniz is

Why Strategic Plans Fail: Deadly Mistakes of Strategic Planning Explained

In my review to be posted on Amazon.co.uk, I gave it Two Stars.

Here is my book review.

Muddled and superficial

I’m an active reader who highlights sections I feel are important.

I highlighted nothing in this book, partly because it doesn’t say much that’s interesting and partly because I knew I would never return to it.

The “about the author” section says he is regarded as one of the most inspiring business authors of our time. Not by me. [continue reading…]

in Other Business Books

Your Market Position – Pillar 3

Pillar 3 Your Strategic Market Position – What’s It All About?

Pillar 1 shows you how to know where you are and Pillar 2 helps you to set your direction, where you want to go.

The remaining six Pillars of the Eight Pillars of Business Prosperity help you move from where you are to where you want to be.

Our work starts with Pillar 3 Your Market Position which is about finding the right strategic position in your market.

[continue reading…]

in 3 – Your Strategic Positioning

In my review of

Summary: Marketing Warfare: Review and Analysis of Ries and Trout’s Book

posted on Amazon.co.uk, I gave it 4 Stars.

Here is my review.

How military strategy can be used in business

It’s many years since I read the full book but it’s one I’ve been intending to go back to and review. When I saw this summary available through my kindle unlimited subscription, it instantly appealed.

Just as armies fight over territories and the people in them, businesses fight over customers. The methods of waging war have changed dramatically over the centuries while the strategies have remained constant. [continue reading…]

in Best Business Books

Thinking about SWOT analysis by Dr Stephen Fox

In my review of

Thinking about SWOT analysis

by Dr Stephen Fox posted on Amazon.co.uk, I gave the book Three Stars, meaning it is Worthwhile.

Here is my book review.

Quite a technical review of SWOT

This is a longer than I expected review of using SWOT in strategy analysis. SWOT stands for Strengths, Weaknesses, Opportunities and Threats.

It’s quite a visual book so if you’re reading the Kindle version, you’ll probably have to zoom in on the diagrams to be able to see the details. [continue reading…]

in Other Business Books