Customer Reviews

Mastering Strategy

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The book presents an excellent companion of the top issues involving strategy today. The book is structured according to global themes, like strategy and economics, strategy and leadership, and so on. Each chapter has 4 or 5 articles related, written by authors from important business schools. Issues like game theory and commitments are deeply reviewed, but in a simple way, easy to understand, thus allowing anyone with no MBA to understand it. The book offers an easy way to update your strategy knowledge, if your are interested in business strategy.

Editors at Financial Times (FT) co-authored this volume, with Tim Dickson serving as executive editor . It offers "The Complete MBA Companion in Strategy," the result of FT's strategic alliance with the University of Chicago Business School, INSEAD, the University of Michigan Business School, and the Said Business School at Oxford University. This is the seventh volume in what is identified as "The Financial Times Mastering" series. It contains articles that first appeared in FT in late-1999.

The material is carefully organized within 16 chapters. In the first, there are two essays: "Strategy and the delusion of Grand Designs" authored by John Kay, Director of london Economics; the second -- "Strategy, blind men and the elephant" was co-authored by Henry Mintzberg of McGill University and INSEAD, Bruce Ahlstrand of Trent University (Ontario), and Joseph Lampel of the University of Nottingham Business School.

As for the final chapter, "Fresh Challenges for the Future," it was written by Dan Schendel, founding and current editor the Strategic Management Journal. The reader is advised that "This final module sums up the main themes of the book, addresses some of the current controversies, and offers pointers on how the field may develop in coming years. The core message is that those who fail to keep up with the best in strategic management risk losing their businesses and losing their jobs. The cases of failure cited throughout the book underline the point." My own crystal ball imploded long ago so I now cut Schendel considerable slack, given the fact that his comments on "fresh challenges" were composed five years ago. In fact, I think his analysis holds up remarkably well.

Although exceptionally well-written and skillfully-edited, this volume is by no means an "easy read." My own opinion is that it will be of greatest interest and benefit to the more capable students enrolled in graduate schools of business, and, to senior-level executives. Of course, the immediate value of each chapter will be largely determined by the immediate needs and interests of each reader. I would be remiss if I failed to acknowledge the superb graphics provided by Graham Parish. I also want to commend, again, Tim Dickson and his associates -- notably Ken Pottinger, James Pickford, Laura Scanga, and various school "co-ordinators" -- for pulling together so much excellent material, then getting it all properly presented. Bravo!

This is a great collection of articles covering all aspects of business strategy. Prior knowledge about the subject matter, though is not necessary, will help you appreciate the material more. I strongly recommend this book to those people interested in building a thorough understanding of strategy.

'Mastering Strategy' consists of essays with consistently excellent quality, & covers a broad spectrum of strategy topics. It offers readers with perspectives on various dimensions of strategy, including: social impact, historical development, academic interest, operational issues etc. All essays are concise & good selection of further readings are included at the end of each essay, in order to guide readers for further investigation.

This book was required reading for my MBA program - don't bother with the book. It is just another way for your professors to make money and to support their colleagues in the field.