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Jeffrey Williams has delivered a new and important way for businesses to view their strategic position. Whether slow cycle, or fast cycle, his most important revelation is that no business has the right simply to exist. All businesses exist to maximize value to the stakeholder. Sometimes, maximum value is only achieved by transforming your business. Ultimately, maximum value may be achieved by breakup or dissolution of the business. Once these sobering realizations are assimilated, Professor Williams proceeds in a very readable and informative way to help businesses understand where they are, where their markets are, and how to maximize value where they need to be. A must read for voyagers through the New Economy.
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Jeffrey Williams has broken new ground in the field of strategic management! This book will help guide managers and investors through the often cloudy world of economic time. By following the precepts laid out in this book, companies will be able to achieve sustainable competitive advantage regardless of the industry or competition. Professor Williams book is as engaging as his lectures. A must read!
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Dr. Williams lends you his vision and takes you on a journey exploring his concept of economic time. His book will challenge you to think in a new way (dynamically) and permanently change your views on competive strategy.
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Jeffrey Williams takes an new approach to analyzing competitive forces based on the new concept of economic time. This allows insight into how to manage and compete within different industries, or, within different divisions of a company. I found the insights to be unique, and extraordinarily valuable to me as an entrepreneur in the high tech industry.
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Strategic management is a fascinating topic, and attracts much authorship; at first glance, this work may look like 'just another book on strategy'. Fortunately, it is much deeper than that. Paying attention to different parts of the business environment, and tracking the rate at which change takes place across many parameters, the author examines strategy through the concept of 'economic time'.
While the concept is simple, its ramifications are not: companies operating in different cycles must learn to develop, test, market, partner, cannibalize, reinvent, re-release, give away, and change, in very different ways. This dramatically affects their organizational structures and resource allocation, as well as their culture. Dr Williams makes these points very clear, and has organized the book in a way that gives appropriate weight to the discussions that lead to a new way of thinking.
In particular, I would recommend the chapter on "Multicycle Management" to anyone working in a big company or conglomerate, which cannot get defined by a single cycle style.
Upon finishing this book, the reader will be armed with a new way of viewing departments, companies, even industries.
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This book offers an approach to devising and executing a strategy for addressing the challenge that all markets present-birth, decline and renewal. Williams introduces the concept of economic time-a view of time in terms of the pace of competitive forces. The author identifies five economic time zones: slow, standard, fast cycle, shifting cycle, and mixed cycle. The key is to understand where in economic time your business operates. High profits are achieved by understanding what an organization must do to maintain its competitive advantage. A core theme is that advantages perish unless they are renewed. This book shows how to achieve renewal and explores how strategy must be continuously geared to an organization's economic time zone, given its product(s) and market(s). The book concludes by highlighting seven steps to renewable leadership. This work reflects and conveys complex and probing thought. It is conceptually robust. This is a fascinating work that provides a new paradigm for strategic thinking. Highly recommended.
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This item: Renewable Advantage: Crafting Strategy Through Economic Time
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