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Kellogg on Strategy
Book

Kellogg on Strategy

Concepts, Tools, and Frameworks for Practitioners

Wiley, 2005 more...


Editorial Rating

8

Qualities

  • Applicable

Recommendation

This concise guide to strategy offers an excellent basic introduction to business strategy. David Dranove and Sonia Marciano not only outline their own benefits-minus-cost ("B - C") approach to strategy; they also usefully summarize the essentials of other widely accepted approaches, most notably that of Harvard Business School professor Michael E. Porter. They write lucidly, avoid academic jargon and stay focused on the essentials without burdening the reader with unnecessary detail. They illustrate their discussion with examples drawn from actual business successes and failures, and two case studies, one from the airline industry and the other from the health-care industry. getAbstract recommends this book to beginning managers looking for a strategy primer. Experienced strategists can turn to it for a refresher course in fundamental business truths.

Take-Aways

  • Business leaders must focus on wealth creation. After all, this is the reason business exists in the first place.
  • Your business must not only create value, but also capture it for your shareholders.
  • Each business must create value in its own unique way and should apply this ability in as many markets as possible.

About the Authors

David Dranove is a professor at the Kellogg Graduate School of Management. Sonia Marciano teaches at Harvard Business School.


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