The Strategy Paradox

We don't normally recommend books, but this one, "The Strategy Paradox" by Michael Raynor is excellent. Even though it is a business book, it has much to teach urban leaders. Most relevant points:

(1) Great strategy requires having a bold vision of the future. But the future is uncertain and cannot be predicted. Therefore, a great strategy may fail.

(2) The smart way to prepare for an uncertain future is to develop a portfolio of strategic options. At the highest organizational level, the job is to create options rather than make commitments. Full commitment to the execution of a specific strategy should occur at a division level.

(3) Put uncertainty at the core of strategy.

(4) Don't let core competence turn into core rigidity. Use core competence as a platform.

"The Stategy Paradox" is published by Random House.

  

danny, April 16, 2007

Wow - that sounds really interesting - and close to how I try to manage my business. You can never completely depend on any single option being successful (speaking as an entrepreneur). I guess it's just like an investor - you don't put all your money on a single stock. I also really value the book he co-authored with Clayton Christensen - 'Innovators Solution'.

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