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    Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book)
    Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book)
    Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book)
    Ebook45 pages34 minutes

    Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book)

    By BusinessNews Publishing

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    About this ebook

    The must-read summary of Martin Reeves, Knut Haanaes and Janmejaya Sinha's book: "Your Strategy Needs a Strategy: How to Choose and Execute the Right Approach".

    This complete summary of the ideas from Martin Reeves, Knut Haanaes and Janmejaya Sinha's book "Your Strategy Needs a Strategy" explains that strategy is not a one-size-fits-all concept; it must be adapted based on your personal needs and the current market. Once you have assessed the market (is it predictable? Is it harsh or favourable?), you can choose the strategy that is best-suited to you. For example, if you are operating in a predictable market with stable competitors, you would select a Classical approach to position yourself optimally within the market, through differentiation or economies of scale. The authors talk about five different possible strategies, what sort of business' suit each strategy and how they can be used to improve your business. If you're looking for better returns, the best thing to do is to change your strategy and this summary will tell you exactly how.

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

    To learn more, read "Your Strategy Needs a Strategy" and discover how you can adapt your strategy in order to thrive in any market.
    LanguageEnglish
    PublisherBusiness Book Summaries
    Release dateJul 20, 2016
    ISBN9782511041208
    Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book)

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      Book preview

      Your Strategy Needs a Strategy (Review and Analysis of Reeves, Haanaes and Sinha's Book) - BusinessNews Publishing

      Book Presentation:

      Your Strategy Needs A Strategy

      by Martin Reeves, Knut Haanaes

      and Janmejaya Sinha

      Summary of Your Strategy Needs A Strategy (Martin Reeves, Knut Haanaes and Janmejaya Sinha)

      Book Abstract

      MAIN IDEA

      A strategy is always just a means to an end – a systematic way to generate favorable outcomes. Good strategy is never one-size-fits-all but will always be dependent on three questions:

      Depending on how you answer those questions, there really are just five generic approaches to strategy from which you can mix and match:

      Strategy is, in essence, problem solving, and the best approach depends on the specific problem at hand. Your environment dictates your approach to strategy. You need to assess the environment and then match and apply the appropriate approach. Using the right approach pays off. In our research, firms that successfully match their strategy to their environment realized significantly better returns – 4 to 8 percent of total shareholder returns – over firms that didn't.

      – Martin Reeves, Knut Haanaes and Janmejaya Sinha

      About the Author

      MARTIN REEVES is a senior partner and managing director of Boston Consulting Group's New York office. He heads up BCG's research institute and specializes in studying self-tuning organizations and corporate longevity. He joined BCG in 1989 and has lead the firm's Japan Health Care practice and other units.

      KNUT HAANAES is a senior partner at BCG and the global leader of BCG's Strategy practice.

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