INSEAD Library

Includes bibliographical references and index

Digitized

Strategic Thinking Contents Foreword............................................................................................... 9 Introduction......................................................................................... 12 1 PARADOX OF SUCCESS: HEALTHY AND SICK HIGH-PERFORMERS...................................................... 17 1.1 Three performance paths ............................................................. 19 1.2 Nature of strategic thinking.......................................................... 24 1.3 Logic of failure ­ why do good things go bad?............................ 35 1.4 Strategic thinking and high-performing sick organizations................................................................................ 40 1.5 In-between organizations ­ new arena of strategic thinking........................................................................................ 55 1.6 Summary: need for and main avenues of strategic thinking........................................................................................ 70 2 SUCCESS IN COMPETITIVE ARENAS: OUTSIDE-IN STRATEGIES................................................................................. 75 2.1 Hypercompetition......................................................................... 77 2.2 Strategic decay.............................................................................. 84 2.3 Facing competition: hardball or the strategy diamond................. 93 2.4 Circumventing competition: expanding the competitive arena and new competitors........................................................ 107 2.5 Avoiding competition: navigation in unknown blue oceans........................................................................................ 113 2.6 Summary: nature of competitive advantage............................... 119 3 BUILDING ON RESOURCES: INSIDE-OUT STRATEGIES................................... 125 3.1 Creating the future...................................................................... 127 3.2 Recognizing and leveraging dynamic strategic resources ......... 132 3.3 Strategic development projects: tiger pounces........................... 155 3.4 The role of corporate management and strategic resources.................................................................................... 164 3.5 Resource strategy as a process................................................... 180 3.6 Summary: nature of competitive advantage............................... 183 4 CREATING AND CAPTURING VALUE................................................................... 187 4.1 Understanding the value landscape.............................................189 4.2 Dynamics of the value landscape................................................197 4.3 Earning model and business model.............................................206 4.4 Creating and capturing the value in a value network .................229 4.5 Strategic role of human resources and management advantage.................................................................................. 244 4.6 Summary: value upgrades competitive advantage......................253 5 STRATEGIC TRANSFORMATION.......................................................................... 257 5.1 Need for and nature of transformation........................................259 5.2 Business perspective of transformation: strategy execution power........................................................................266 5.3 Structures and processes as drivers and counterforces of transformation...........................................................................272 5.4 Human perspective of transformation: strategic leadership..................................................................................283 5.5 Individual as the subject and object of transformation: self-management.......................................................................311 5.6 Summary: six faces of strategic transformation......................... 334 6 STRATEGIC THINKING AND A THINKING ORGANIZATION............................... 339 6.1 Deepening the thinking perspective of strategizing....................341 6.2 Successes lead to blindness.........................................................347 6.3 Intuition broadens thinking......................................................... 350 6.4 Institutionalizing individuals' strategic thinking in the organization ­ and the other way round................................... 352 6.5 Strategy ba...................................................................................354 6.6 Summary: benefits of strategic thinking in the organization.............................................................................. 356 Epilogue............................................................................................ 359 References ........................................................................................ 382 Index..................................................................................................391