Successful companies often become victims of their own success: when their business matures, they find it impossible to renew themselves. To regain and maintain growth they need to learn to thrive on change and disruption.
Fast Strategy analyses the risks successful companies face, and presents the three essential capabilities they need in order to regain and maintain continued growth: strategic sensitivity (both the sharpness of perception and the intensity of awareness and attention), resource fluidity (the internal capability to reconfigure business systems and redeploy resources rapidly) and collective commitment (the ability of the top team to make bold decisions –fast, without being bogged in “win-lose” politics at the top).
Fast Strategy is based on interviews with 150 executives from leading global companies such as Cisco, HP, IBM, Intel, Nokia, and SAP. Measures, tools and leadership behaviours implemented by these companies as they rekindled growth are detailed in a way that can serve as examples and be readily put in practice.
Co-authored by a former Nokia top executive and a senior academic, Fast Strategy combines experience and theory for your company to stay ahead of the competition. More information on Fast Strategy and the area of strategic agility can be found on the authors' website: www.strategicagility.com/
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Title Fast Strategy
Subtitle How strategic agility will help you stay ahead of the game
Authors Yves Doz & Mikko Kosonen
Wharton School Publishing
[ BACK JACKET ]
"One of those rare managerial books that is rigorous as well as relevant."
Michael L. Tushman, Professor of Business Administration, Harvard Business School
"Yves Doz and Mikko Kosonen provide tremendous insight into one of the most relevant issues in business today. "
Olli-Pekka Kallasvuo, President and CEO, Nokia
"It has long been a dilemma - how do companies reinvent themselves? The Fast Strategy findings are an important contribution - being attentive to the evolving environment and developing the capacity within a leadership team for 'collective commitment' resonates powerfully with my own experience. A thought-provoking contribution for those seeking to renew their own business."
Vivienne Cox, Executive Vice President, BP
"I found their treatment of the subject very useful."
Craig Mundie, Chief Research and Strategy Officer, Microsoft
PLAY THE FAST STRATEGY GAME TO WIN
Why do some companies fail to adapt to change, while others thrive on change, disruption and discontinuity? Good question - and extremely relevant, because in today's constantly shifting business environment, if you can't adjust to change, you're doomed. This book shows you how to develop strategic agility in your business, so that your strategy is always up-to-speed and you stay ahead of your competitors.About the Author:
Yves Dozis currently the Timken Chaired Professor of Global Technology and Innovation at INSEAD and Visiting Professor at Helsinki School of Economics. He has also taught at Harvard Business School, Stanford's Graduate School of Business and Aoyama Gakuin University in Tokyo. He has researched and published widely on the strategy and organization of multinational companies. His previous books include The Multinational Mission, with CK Prahalad and From Global to Metanational, with Jose Santos and Peter Williamson. He consults extensively for major global companies.
Mikko Kosonenis currently Executive Vice President of Finnish Innovation Fund. Prior to this he held several senior executive positions at Nokia since joining the company in 1984, most recently as the head of strategy and CIO for Nokia Corporation from 1997 to 2005. Dr Kosonen has lectured extensively in Finland and abroad on strategic renewal based on his experiences as Nokia leader and business scholar.
He is Vice Chairman of the Finland Post Board of Directors and has served on several other advisory boards, including Hewlett Packard, the Center for Knowledge and Innovation Research and the Finnish Association of Business Administration.
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