Five Future Strategies You Need to Know Right Now

Five Future Strategies You Need to Know Right Now

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by George Stalk
     
 

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It's easy to miss many innovations in strategy until they appear on the front page of a major business publication. But by then everyone--including all your competitors--is using them.

As a CEO or senior executive, your job is to detect these strategies?and implement them--before your competitors.

That's where this book comes in.

Author George Stalk has

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Overview


It's easy to miss many innovations in strategy until they appear on the front page of a major business publication. But by then everyone--including all your competitors--is using them.

As a CEO or senior executive, your job is to detect these strategies?and implement them--before your competitors.

That's where this book comes in.

Author George Stalk has often been called a guru of business strategy. In the 1980s, before anyone else saw its importance, he and his colleagues at The Boston Consulting Group developed the concept of time-based competition: how meeting the needs of your customers faster than your competitors can give you an unassailable advantage.

In this Memo to the CEO, Stalk discusses five strategies that have not yet become widely practiced but are nonetheless worthy of your attention now. He offers advice on how to identify and manage them while they still present opportunities to jump ahead of the competition. They are:

Addressing supply chain deficiencies

One example of a supply chain crisis is the growing lack of West Coast port capacity. Stalk reviews the strategic implications of this problem, reveals its impact, and recommends specific courses of action.

Sidestepping economies of scale

Many business leaders are reexamining their assumptions about the benefits of scale. Scaling down, not up, and building "disposable factories" and even "disposable strategies" are becoming new keys to lowering costs and boosting performance.

Profiting from dynamic pricing

Today, using real-time data, it is increasingly possible to match the price of your product or service with the immediate, second-by-second needs of the customer.

Embracing complexity

Simplicity is the mantra of the day. But with examples from a few leading-edge companies, Stalk shows that embracing complexity can achieve competitive advantage.

Utilizing infinite bandwidth

In a world of infinite bandwidth, companies that know how to take advantage of it become more productive, efficient, and profitable, and create entirely new businesses along the way.

Written in a refreshingly clear, concise format, Five Future Strategies You Need Right Now is filled with actionable ideas for seizing these emerging strategic opportunities.

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Editorial Reviews

The Globe and Mail
. . . a crisply written book that is part of Harvard Business School Press's new Memo To The CEO series, which packs a lot of material for senior executives in a few pages.

Product Details

ISBN-13:
9781422121269
Publisher:
Harvard Business Review Press
Publication date:
02/26/2008
Series:
Memo to the CEO
Pages:
128
Product dimensions:
4.60(w) x 7.20(h) x 0.80(d)

Meet the Author

George Stalk is Senior Vice President with the Boston Consulting Group and the author of numerous articles and books on competitive strategy.

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Five Future Strategies You Need to Know Right Now 5 out of 5 based on 0 ratings. 1 reviews.
Guest More than 1 year ago
This is a slender but useful little book. Early in it, George Stalk notes accurately that all too often, the media announce the next big thing long after cutting-edge companies have learned about the change, dealt with it and moved on to the next innovation. High-profile stories trail real change, rather than reporting it as it happens. If you¿re trying to plan for change by following the mass media, you¿re going to be left behind. This leaves Stalk with a difficult challenge: to address key changes that are emerging just now. The result is a bit uneven the text is speculative at times, and his desire to write a brief treatment means that he skims some areas. But that said, this is a more specific and applicable treatment of the future than most books present, and getAbstract recommends it to anyone planning realistically for change.