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The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business Hardcover – June 4, 2013
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Unlocking the secrets of competitiveness In her new book, McGrath debunks the notion of sustainable competitive advantage. It no longer has relevance she says, and instead organizations now need to find ways of leveraging temporary advantages to remain fluid and innovative enough to change tack when those advantages no longer remain.” Decision
There are a number of valuable lessons in The End of Competitive Advantage that IT leaders can heed and inculcate. It also stands as a challenge for them to shed old, reactionary ways of doing business, and instead assume strategies that differentiate their organizations as innovative thought centers.” CIO Digest
intriguing look at the future” BizEd magazine
The End of Competitive Advantage is one of the best business strategy books in recent years. It is readable, well organised and capable of delivering observations that can be absorbed the next strategy meeting. But beyond that it rather importantly updates our assumptions about what will and won't work in that fast moving world.” Engineering and Technology Magazine
The End of Competitive Advantage fits beautifully into the ongoing discussion about what defines successful companies today, and what will continue to in the future.” 800 CEO READ
The book is well written, well argued, assumes knowledge on the part of the reader without sliding into either corporate speak or the long words of academia, and the argument hard to refute... More importantly, the solutions offered here are immediately actionable.” Business Traveller (businesstraveller.com)
ADVANCE PRAISE for The End of Competitive Advantage:
Francisco D’Souza, CEO, Cognizant
If competitive advantage was ever sustainable, that time has passed. McGrath’s book not only captures the shortcomings of traditional, static models, but lays out the tools that fuel leading performance. The End of Competitive Advantage will give you an entirely new perspective on how to think about strategy.”
William D. Green, former Chairman, Accenture
This smart, readable book addresses today’s most significant strategy reality: that we are living in an era of transient advantage. Rita McGrath provides a playbook for this new landscape, showing how you can identify opportunities fast, execute against them at scale, and be unafraid to move on when the situation changes.”
Sanjay Purohit, Senior Vice President, Infosys Ltd.
The urge to hold on to one’s established competitive advantage is a vicious trap. McGrath clearly establishes the factors central to building a dynamic competitive edge for an enterprise of tomorrow. Refreshing, insightful, and a must-read.”
Nancy McKinstry, CEO and Chairman, Executive Board, Wolters Kluwer nv
McGrath’s groundbreaking work is aptly timed for today’s dynamic markets, where winning requires continuous reconfiguration.”
Klaus C. Kleinfeld, Chairman and CEO, Alcoa
The End of Competitive Advantage makes clear that high-performance teams have to stay vigilant. Are your leaders seizing new opportunities or just trying to optimize an outdated strategy? Keep your head up and stay alert, or a transient advantage might pass you by.”
Clayton M. Christensen, Kim B. Clark Professor of Business Administration, Harvard Business School
As a long-time member of the Rita McGrath fan club, I was delighted to see this book. Her approach to strategy is fresh and practical and is exactly what managers need today. It acknowledges competitive realities but shows a clear path forward. It is one of the most illuminating takes on how to deal with disruption that I have ever read.”
About the Author
McGrath has coauthored several popular books, including Discovery-Driven Growth: A Breakthrough Process to Reduce Risk and Seize Opportunity (2009), MarketBusters: 40 Strategic Moves That Drive Exceptional Business Growth (2005), and The Entrepreneurial Mindset: Strategies for Continuously Creating Opportunity in an Age of Uncertainty (2000). In 2009 McGrath was inducted as a Fellow of the Strategic Management Society, an honor accorded to those who have had a significant impact on the field.
- ASIN : 1422172813
- Publisher : Harvard Business Review Press (June 4, 2013)
- Language : English
- Hardcover : 240 pages
- ISBN-10 : 9781422172810
- ISBN-13 : 978-1422172810
- Item Weight : 1.03 pounds
- Dimensions : 6.4 x 0.9 x 9.4 inches
- Best Sellers Rank: #481,324 in Books (See Top 100 in Books)
- Customer Reviews:
Top reviews from the United States
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The book provides some very useful information about business and the new and changing dynamics of the competitive environment. McGrath gives some good advice as to what companies need to have and do to compete in this ever-changing environment. She also suggests specific measures that a company can take to gain the skills or management necessary to become more competitive in this environment. The book explores and supports the idea that competitive advantage is only temporary; there is no such thing as a sustainable competitive advantage.
At times, the book can seem fairly redundant as the idea that “the only thing constant is change” is not necessarily a new concept. While the book does provide some examples, the examples seem to be too shallow and do not give much detail or go into depth. It would be valuable if the book had more examples of the principles being discussed and more in-depth detail and descriptions of how to apply the principles.
Building the case on data from public companies, the main notion that "sustainable competitive advantage" is increasingly irrelevant and organizations must adapt to quickly changing environments with a more flexible growth strategy seems pretty accurate. Except for a few industries driven by government / long term needs (e.g. defense), we can all see and experience in corporate life the growing need for agility. The question is how do you best achieve this?
One of the traditional answers is innovation. For those familiar with the field of innovation and innovation best practices, the "Building an Innovation Proficiency" chapter doesn't offer anything new.
The chapters "Continuous Reconfiguration", "Healthy Disengagement" and "Using Resource Allocation to Promote Deftness" are worth the read. This is where I would have liked more meat and practical tools.
The book ends with a chapter on the personal / career implications of Transient Advantage with a pretty shameless plug in for executive programs offered by business schools and Mrs. McGrath's Columbia in particular...
Top reviews from other countries
La nueva forma de imaginar estratégicamente tiene implicaciones a nivel de la organización, de la innovación y,sobre todo, personal. Las personas podemos ser más importantes y beneficiarnos de un entorno inestable si tenemos una actitud abierta y proactiva.
Muy interesante la insistencia de Rita en cuantificar las innovaciones como opciones (siguiendo lo escrito en Discovery Driven Growth).