Customer Reviews:
The Strategy Process.......2005-12-31
The authors of "The Strategy Process..", produced a high quality textbook on strategic planning and management. The authors show the complexity of the subject and the need for managers to exercise caution in using prescriptive systems in the highly dynamic, uncertain and complex operating environment. The book avoids taking a simplistic view to the subject but take a realistic approach of presenting various approaches that managers can use depending on their peculiar circumstances. Having grasped the various concepts, leaders of organisations can then use their judgement to come up with appropriate decisions and actions. The book focuses on developing the ability of managers to make informed judgements based on analysis, synthesis, experience and intuition and harnessing the collective skills and expertise of their organisations.
The book shows how strategy formulation and implementation are intimately intertwined as complex interactive processes in which politics, values and organisational cultures and management styles determine or constrain particular strategic decisions.
Top managers have to make judgements on various unknown and difficult to predict factors and integrate external considerations about technologies, limited resources, competitions, markets, societal attitudes, cultural differences, government regulations and environmental issues. Internally, they have to make judgements on organisational structures, systems, staff, physical resources, existing and potential power bases and bureaucracies.
The chief executive officer has the challenging task of mediating between the various aspects of the internal and external environment and exercises his skills, judicious exercise of power and often make highly qualitative (rather than quantitative) choices from a wide range of possible options.
The book will enable the reader to understand the wide range of issues involved in strategy.
The book has a wide range of cases and articles that give the reader the opportunity to develop and exercise judgements on strategic issues. Although experience is the best teacher, these case studies and articles shorten the training time of managers. The cases cover a wide range of issues and perspectives. The reader can practice their judgement that should develop an awareness of the complex and subtle issues typical in the business world. The cases should highlight the limitations and the reasoning behind various theories and the limitations of standard answers based on conventional wisdom.
The book is recommended reading for those seeking a more in-depth insight into both the theory and practice of strategic management. For students embarking on advanced strategic planning, say at MBA or doctoral level, this is required reading and important reference material.
decent book.......2003-12-11
This book is an ok book. The cases are very interesting and they were the best part of the book. The readings in the first half of the book were random at times and generally not that good. Mintzberg has a great grasp of the concepts, but the book does not do well at conveying them.
Excellent business book.......1999-09-20
This is the kind of book that everyone who wants to be a business administrator should read. It is a compilation of diferents articles most of them from HBR and each unit has some real cases which explain the theme better.
Very good book........1999-03-03
I managed to read it throughly and study most of the cases presented on this book. This book is a very actual source of information to learn and expand existing knowledge. I give 5-stars due to the fact that it is rich in its contents.
Book Description
Strategic Management, 6e is modular in format and complemented by a casebook containing 39 cases. Instructors have the option to blend modules in the text with selected cases from the casebook, or the text can be used as a standalone or even with other cases of the instructorÆs choice. Strategic Management, 6e is contemporary, comprehensive, and flexible, making it the perfect fit for courses in the challenging field of strategy and policy.
Customer Reviews:
A story of the interview process.......2007-09-22
I enjoyed this book. The author shared her experience of going to Peter Drucker's home over a period of time to interview him and recounts having to contend with Peter's wife and the 2 hour limitations on his time thru her. The book presents his theories of business management and real life examples how companies employed them and where certain com[anies did not employ them.
Very good reading.......2007-08-09
I enjoy reading this book. It's a very useful abstract about the most important Drucker management ideas. I strongly recommend it.
Drucker as For-Profit Management Expert and Consultant for Large Companies with Newer Examples .......2007-05-28
I had the good fortune to spend one to three days a year with Peter Drucker from 1992-1999: He consulted with Carol Coles and me in developing research and consulting services for lowering the cost of capital, launching the 400 Year Project to accelerate global progress by 20 times during 2015 through 2035, and in writing about what the next generations of leadership best practices would be like. You can get a glimpse of that connection in Jack Beatty's book, The World According to Peter Drucker. I also will be writing more about Peter's ideas on and contributions to these subjects in the forthcoming book, Adventures of an Optimist.
I once asked Peter how he would guard his intellectual legacy after his death. He confidently replied that he had a very good plan and that all would be well. Having seen that this book was published after his death under the title, The Definitive Drucker, I'm not so sure he was right about protecting his intellectual legacy.
For the record, this book is not the definitive book on Peter Drucker. Why?
1. The book is almost totally devoted to his ideas about for-profit management as pursued by very large companies.
2. There is virtually no mention of his ideas about society in general.
3. His work on how to be effective executive is incompletely shared.
4. Dr. Haas Edersheim deliberately ignores the roots of Drucker's concepts as described in Adventures of a Bystander, which I believe is essential context for appreciating his observations.
5. The manner by which his nonprofit consulting experiences helped him formulate his for-profit ideas is ignored.
6. Almost all of my favorite anecdotes based on what Peter said to me about the companies described in this book are left out. Here's an example of the insights those anecdotes provide: Can anyone appreciate Drucker's tendency to revise his opinions to claim that he was the first to notice something without knowing that he insisted that I take most of my Dell examples out of The Irresistible Growth Enterprise because he was concerned that Dell wouldn't continue to prosper after 1999?
7. The full scope of his thoughts about for-profit management is ignored. For instance, his many questions and ideas about capital markets are mostly missing . . . except as they arise in the DLJ example of how he encouraged the founders to go public in the 1970s.
There is one excellent element about this book that makes it well worth reading: If you renamed this book, The Definitive Drucker as Consultant, you wouldn't be far off the mark. His consulting practice was mostly invisible to those who weren't his clients, but his approach is one that most consultants could learn much from. I was very impressed by the way that Dr. Haas Edersheim's interviews and writings captured the essence of Peter Drucker in a one-on-one situation. Although some of the earlier books about Peter addressed this topic, none did so as thoroughly and as well as this book.
Most business leaders today have read relatively little of Peter Drucker's writings. But most have read some of the so-called original management theories that are little more than a rephrasing of Peter's original designs while not acknowledging Peter's work at all. Where Peter always tried to pick the best example for a point he had to make, most business authors seem to be only able to write about recent examples that they have experienced. And many business book readers prefer it that way. Dr. Haas Edersheim's book fits that mold very well. She develops themes from some of Peter's long-time, large-company clients (like GM and GE), adds some of her own clients, and finds a few other examples that seem to fit what Peter has to say. For those who want to see some of Peter's work dressed up with more recent examples, this book is probably the best resource.
Even though English was a learned language for Peter, he wrote English like a talented, native-speaking novelist. Where Peter is quoted in the book, the beautiful language shines. Dr. Haas Edersheim, by comparison, writes like an academic/consultant and the experience is not always pleasant. She likes to force ideas into her metaphors (something Peter would never do), display lots of grids (something Peter couldn't imagine anyone wanting to do), and ramble on endlessly about things that could be stated quite simply (something Peter would use his ruthless self-editing to avoid).
Interestingly, Peter always told me that the impact of his books was quite minor compared to the effect of his essays in The Wall Street Journal and other mass media. Why? Lots of people read well-constructed essays in the mass media and few read more than a few pages in any business book. He also doubted if very much in the Harvard Business Review was really read and understood. I was shocked to see how little this book relied on his essays. Hopefully, someone will realize that those essays are the essential kernel of his influence and write about them in the future.
Dr. Haas Edersheim obviously is drawn to strategic questions and Peter, of course, founded the field of strategy for organizations. If that's your interest, you'll find this book to be quite solid.
Great Drucker as always, differently written........2007-05-23
I love two opposite characters of Guru of Management, Tom Peters and Drucker, both are absolute dream management gurus. Personally I am more inclined to Tom. But I started to read and re read Drucker as my management readings get more "mature".
This book is not written by Drucker, but made out of months of interviews with Drucker and other people. This book is ABOUT Drucker and his thinking as interpreted by Elizabenth.
It is easy to follow, alive and well narrated, and will be more interesting and insightful if you know who is who the writer interviewed and talked to.
The insights articulated is deep and profound, even that it often repeat what has been said in previour Drucker's books. If you have any interest in Drucker (that will be a lot of "you" there) this book will delight. I think this is the "Management Biography" that Drucker wanted to be remembered.
Needs Restructuring and Updating.......2007-05-22
A silent revolution has taken place in business since the early 1990's - instant information flow, an exploding geographic reach of companies and customers, basic demographic assumptions have been upended (aging population), and walls defining "inside" and "outside" the corporation have fallen. All important insights. However, Drucker goes on to assert that the latest transformation is from an industrial society to a knowledge society - completely missing the revolutionary focus on dramatically lowering costs by outsourcing jobs to China and India, INCLUDING knowledge jobs!
Drucker then goes on to conclude that "companies aren't selling products; they're selling experience" such as dining out. Again, Drucker is right on, but misses the fact that the effect of outsourcing is to steadily move Americans DOWN the Maslow hierarchy of wants, where experiental wants are much less predominant.
Reading further, one sees that Drucker misses this key point a third time, claiming that "the U.S. economic engine is facing the gravest threat of the past 100 years: the need for corporations to be strategic collaborators rather than unilateral superstars." Reality - American corporations and its citizens are much more threatened by Asian powerhouses and illegal immigrants who remit billions to Mexico.
Drucker is rightly credited with emphasizing a focus on customers, as well as identifying those who are NOT targeted customers. However, as Clayton Christensen has demonstrated, even a focus on customers can be overdone and wreak havoc on a corporation. Nonetheless, Drucker's "If you weren't in this business today, would you invest the resources to enter it?" remains another stellar contribution.
Clearly Drucker has contributed much to management thought; however, one must be careful to not just read Drucker - the Toyota Production System, Hammer (re-engineering), Jack Welch, Clayton Christensen, Lou Gerstner, and others are also very important. "The Definitive Drucker" would also significantly benefit by restructuring it into a format more easily followed and assimilated.
Book Description
Everyday we face decisions that carry an element of risk and uncertainty. The ability to analyse, communicate and control the level of risk entailed by these decisions remains one of the most pressing challenges to the analyst, scientist and manager. This book presents the foundational issues in risk analysis - expressing risk, understanding what risk means, building risk models, addressing uncertainty, and applying probability models to real problems. The principal aim of the book is to give the reader the knowledge and basic thinking they require to approach risk and uncertainty to support decision making.
* Presents a statistical framework for dealing with risk and uncertainty.
* Includes detailed coverage of building and applying risk models and methods.
* Offers new perspectives on risk, risk assessment and the use of parametric probability models.
* Highlights a number of applications from business and industry.
* Adopts a conceptual approach based on elementary probability calculus and statistical theory.
Foundations of Risk Analysis provides a framework for understanding, conducting and using risk analysis suitable for advanced undergraduates, graduates, analysts and researchers from statistics, engineering, finance, medicine and the physical sciences, as well as for managers facing decision making problems involving risk and uncertainty.
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Experience Management: Foundations, Development Methodology, and Internet-Based Applications (Lecture Notes in Computer Science)
Ralph Bergmann
Manufacturer: Springer
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ASIN: 3540441913 |
Book Description
This book deals with experience management in the context of real-world applicability and realistic applications. A particular focus is given by the requirements that arise in complex problem solving and by the fact that modern experience management must be implemented as Internet-based applications. Concrete application areas that are discussed in this book are electronic commerce, diagnosis of complex technical equipment, and electronic design reuse. This book explores how experience management can be supported by information technology, especially by techniques that stem from knowledge-based systems, case-based reasoning, machine learning, and process modeling. It surveys different methods in a unified terminology and investigates them with respect to application requirements. Further, the process of application development and maintenance is highlighted, pointing out successful practically proven ways for obtaining and operating experience management applications.
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Aat Units 21-25 - Foundation Stage: Business Knowledge and Units 21-25
Manufacturer: BPP Publishing Ltd
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ASIN: 0751761532 |
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Foundations of Data Mining and Knowledge Discovery (Studies in Computational Intelligence) (Studies in Computational Intelligence)
Manufacturer: Springer
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ASIN: 3540262571 |
Product Description
"Foundations of Data Mining and Knowledge Discovery" contains the latest results and new directions in data mining research. Data mining, which integrates various technologies, including computational intelligence, database and knowledge management, machine learning, soft computing, and statistics, is one of the fastest growing fields in computer science. Although many data mining techniques have been developed, further development of the field requires a close examination of its foundations. This volume presents the results of investigations into the foundations of the discipline, and represents the state of the art for much of the current research. This book will prove extremely valuable and fruitful for data mining researchers, no matter whether they would like to uncover the fundamental principles behind data mining, or apply the theories to practical applications.
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Foundations of Information and Knowledge Systems: Second International Symposium, FoIKS 2002 Salzau Castle, Germany, February 20-23, 2002 Proceedings (Lecture Notes in Computer Science)
Manufacturer: Springer
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ASIN: 3540432205 |
Book Description
This book constitutes the refereed proceedings of the Second International Symposium on Foundations of Information and Knowledge Systems, FoIKS 2002, held at Salzau Castle, Germany in February 2002.The 17 revised full papers presented were carefully reviewed and selected from a total of 55 submissions. All current issues on the foundations and mathematics of advanced information systems and knowledge processing are addressed.
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Foundations of Information and Knowledge Systems: 4th International Symposium, FoIKS 2006, Budapest, Hungary, February 14-17, 2006, Proceedings (Lecture Notes in Computer Science)
Manufacturer: Springer
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Binding: Paperback
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ASIN: 3540317821 |
Book Description
This book constitutes the refereed proceedings of the 4th International Symposium on Foundations of Information and Knowledge Systems, FoIKS 2006 held in Budapest, Hungary in February 2006.
The 14 revised full papers presented together with 3 revised short papers and 1 invited paper were carefully reviewed and selected from 54 submissions. Among the topics covered are the theoretical foundations of information and knowledge systems, as well as mathematical fields such as discrete mathematics, combinatorics, logics and finite model theory, and applications thereof for research on database and knowledge base theory.
Book Description
This book constitutes the refereed proceedings of the Third International Symposium on Foundations of Information and Knowledge Systems, FoIKS 2004 held at Wilheminenburg Castle, Austria in February 2004.
The 18 revised full papers presented together with 2 invited papers were carefully reviewed and selected from 64 submissions. Among the topics covered are data integration, data security, logic programming and databases, relational reasoning, database queries, higher-order data models, updates, database views, OLAP, belief modeling, fixpoint computations, interaction schemes, plan databases, etc.
Books:
- Tintin in the Congo
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- Wisdom for a Young Ceo: Incredible Letters and Inspiring Advice from Today's Business Leaders
- Working PeopleSmart: 6 Strategies for Success
- A Mother's Rule of Life: How to Bring Order to Your Home and Peace to Your Soul
- Activity-Based Costing: A Review with Case Studies (CIMA Research S.)
- All Star Comics Archives, Vol. 4 (DC Archive Editions)
- Archiving Websites: A Practical Guide for Information Management Professionals
- Because I Said So: 33 Mothers Write About Children, Sex, Men, Aging, Faith, Race, and Themselves
- Beliefs, Interactions and Preferences - in Decision Making
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