Competitive Advantage is another classic from the great Michael Porter. This book is more internal and organizational focused than Competitive Strategy and provides the reader a rigorous and well thought out method for understanding the core of your advantage as an organization. He gets down to the simple truths of competitive advantage in this work. In the age of endless business school, executive, and consulting jargon on whatever dressed up version of technology, methods or tools are claimed to be competitive advantage, Porter will dispel all the myths for you and provide you a clear and cogent understand of the structure of your organization and how it delivers value in a sustainable and effective way. I recommend this book for leaders, strategy analysts, organizational effectiveness consultants, and also continuous improvement professionals. It is actually a great accompaniment to the “Value Stream Mapping” approach that will expand on that method and tool set to an organization wide and financial model point of view.
Competitive Strategy: Techniques for Analyzing Industries and Competitors
This book is truly a tome of Strategic Analysis and Strategy in general but it is also an incredible guide and reference for ongoing work. Michael Porter is considered the Grandfather of Strategy and Strategic Analysis in the 21st century. His various works are considered, in some form or another, as required reading in any MBA course on Strategy and leadership. I was first exposed in my Master’s of Science program at Purdue, through their partnership with Thunderbird School of Global Management. His article, included in Harvard Business Reviews “Top 10 Must Reads” On Strategy, titled “What is Strategy?” merely glosses the surface. Porter my brother as an Industrial & Systems Engineer by another Mother as this book is a thorough “systems thinking” analysis and framework of industry’s, markets, business structures, and ultimately understanding their evolution as well as where the profit (and power) currently resides in a market and where it is likely to reside in the future. I recommend this book for anyone seriously interested in the foundations of Strategic Thinking but also Industrial & Systems Engineers, Innovation Leaders and Leaders in General, as well as entrepreneurs looking to have a framework from which to understand the current and long term structure of their industries.
Who: The A Method for Hiring
Who: The A Method for hiring is a well thought out, practical, validated approach to developing a robust people process focused on hiring top talent in a systematic, focused, and ultimately, long term success focused way. Smart and Street take the lessons learned from the largest research study of it’s kind at the time to help solve one of the never ending challenges of owning, operating, and managing an organization and that is finding, retaining, and developing top talent. I’ve shared this book with entrepreneur peers, managers I know, business owners I’ve consulted for, and many others I interact with that have faced the challenge of finding and retaining top talent. Sadly, I find many small to medium sized business have ad hoc and non-standard ways they approach searching for, interviewing, selecting, hiring, onboarding, and training new talent in their organizations. This costs a huge amount of time, productivity, and ultimately money, but results in dissatisfied managers, new hires, and existing employees. This book is highly readable and is practical in its methods. I recommend this book for leaders, managers, project managers, and HR professionals looking for a thorough and well researched method for hiring great people.
On Strategy from Harvard Business Review's "10 Must Reads"
This compendium on Strategy from the Harvard Business Review is a classic, must read selection of their top articles on Strategy. Many of these authors have since gone on to publish books built from the core theses’ of their articles. Michael Porter’s “What is Strategy?” is a fundamental explanation of Strategy in a business industry setting, where the power is and where the profit is held. Each author lays out their framework for developing, understanding, analyzing, and implementing strategy in any organization, business, non-profit, or otherwise. If you want a clear and approachable primer to the fundamentals of strategic thinking, look no further than this classic as a launching point.