Strategy Books – 10 Best Books for Business & Corporates

YOU ARE READING: Strategy Books – 10 Best Books for Business & Corporates AT PhebinhvanhocEN

10 Best Strategy Books [Updated 2022]

strategy will help you tremendously, even if it has nothing to do with business development. if you want to develop inc. (which we all want to do), then you should pick up these books and read them. Below is the list of top 10 books on business and corporate strategy –

1. The Art of Strategy: A Game Theorist’s Guide to Success in Business and Life (get this book)
2. good strategy, bad strategy: the difference and why it matters (get this book)
3. play to win: how strategy really works (get this book )
4. competitive strategy: techniques for analyzing industries and competitors (get this book)
5. business strategy: a guide to Effective Decision Making (Economists Books) (Get This Book)
6. The Strategy Book: How to Think and Act Strategically for Outstanding Results (Get This Book)
7. Your Strategy Needs a Strategy: How to Choose and Execute the Right Approach (Get This Book)
8. Strategy That Works: How Businesses winners close the b The Gap Between Strategy and Execution (Get This Book)
9. Strategy Maps: Turning Intangible Assets into Tangible Results is Coming (Get This Book)
10. blue ocean strategy, expanded edition: how to create uncompetitive market space and make competition irrelevant (get this book)

Let us discuss each of the corporate and business strategy books in detail along with their key points and reviews.

You are reading: Best books on strategy

You are free to use this image on your website, templates, etc, Please provide us with an attribution linkHow to Provide Attribution?Article Link to be HyperlinkedFor eg:Source: Strategy Books (wallstreetmojo.com)

#1 – the art of strategy: a game theorist’s guide to success in business and in life

by avinash k. dixit and barry j.j. nalebuff

This book illustrates how you can change your life using game theory. It is not only applicable in your life; it is equally effective for your career progression. Check out the reviews and top takeaways.

book review:

• The best part of this book is the culmination of extensive examples. if you manage to read just 50 pages max, you’ll get incredible value. the book mainly revolves around decision-making ability, which is the basis of game theory. the most outstanding feature of this book is the elaboration of game theory in relation to strategy.
• if your profession requires you to interact with people all day long, this book will be of great value to you.
• if you think you are just starting out with strategy and have little or no idea about what strategy is and how it works, this is the first book you should read.

key points

• if you want to read a textbook, designed and updated in a completely different package, this is for you. you will be able to relate to many examples and you will be able to use most of the tactics in your life and in your business.
• is the foundation of critical strategic thinking. If you want to outwork, learn, and outsmart your competition, pick up this best strategy book.
• One of the most significant things about this book is that it doesn’t just dictate what you should do; rather, it also tells you how to think about your opponent. for example, it has been mentioned that your opponent will take advantage of you if he knows your move ahead of time. therefore, he must maintain a sense of randomness always while he acts strategically.

#2 – good strategy bad strategy: the difference and why it matters

by richard rumelt

Even the strategy is dichotomous. it has a good element that works and a bad element that does not produce any measurable results. That’s why you should read this book so you know what is gold and what is dross!

book review:

• rumelt’s work clearly marks the difference between a good strategy and a bad strategy. has provided a framework to implement a good strategy and mentions that most companies do not have an established strategy; they forget about good or bad strategy. you will learn how you can create and build a company with a good strategy with references like apple, ford, ibm and many more.
• if you choose this best strategy book you will understand that the boss a leader’s job is to design strategies. and the way he should do it is by stripping away all the excesses like financial targets, slogans and buzzwords and focusing only on how the organization will move forward.

key points

• The best part is the simple three-step framework of a good strategy: the first step is a diagnosis in which you will gain clarity on the challenges your business is currently facing; the second step is your approach to overcoming obstacles; And finally, the last step is to have a shared vision and take action steps together to implement it.
• Many strategy books come from a perspective of theoretical ideas. But this book on strategy focuses on practical wisdom and how you can apply the ideas directly to your business. At the same time, this book doesn’t tell you exactly what to do; you need to think and apply the same in your business as you see fit.

#3 – play to win: how the strategy really works

by a. gram. lafley & roger l. martin

The strategy is simple but not easy. Because strategy drives people and organizations to make hard decisions when they can make easy ones! You’ll learn to make better and harder decisions by reading this book.

book review:

• This excellent book on strategy will teach you that all strategy is risky, but not having a strategy for your business is much riskier. In this book, he will learn the exact strategies the authors used to catapult P&G to incredible profits and increase the market value by $100 billion in just ten years. if you are a business manager, this is a must read for you.
• You should choose this best strategy book for a reason; should be to avoid five problems: defining strategy as a vision, thinking of strategy as a plan, refusing to make a long/medium term strategy, perceiving strategy as optimization of the status quo & thinking strategy following best practices.

key points

• This book is very short compared to other strategy books. It’s only 272 pages long and has all the information you need to succeed in business.
• The best part of this book is its framework of five questions:
• What is our aspiration to win?
• where are we going to play?
• how are we going to win?
• what skills must we have to win?
• what are the management systems we need to support our choices?

If a company answers this five-question framework well, over time it will gradually dominate the market as p&g used the same methodology.

#4 – competitive strategy: techniques to analyze industries and competitors

See Also: Actually, reading books on a phone is great

by michael e. goalkeeper

This is the most popular book on strategy. Although it is very complex and difficult to read, it is worth the effort.

book review:

• if you are a business student (mba), then this book by michael porter is a must read. This is the first book on a strategy that revolutionized the way companies viewed competition and their own core competency Core Competence Core competencies in business refer to their unique core resources and capabilities that distinguish them from competitors in the marketplace. it is an essential component of the marketing strategy that leads to brand recognition and business growth. The concept serves to be useful for companies that focus on multiple product lines and operate more than one business unit at a time. read more. if you want to start with any book that will transmute your business from “just existing” to “booming”, this is the book to read first.
• this book has changed the course of strategic management in the eyes of students and practitioners. This book consists of three parts: General Analytical Techniques, Generic Industrial Settings, & strategic decisions. You will also be able to read two appendices, eg Portfolio Techniques in Competitive Analysis & how to conduct an industry analysisindustry analysisindustry analysis refers to the analysis of the industry environment that guides the industry to grow and survive in a competitive environment and gain competitive advantage in the industry as it predicts the future and changes in the market and analyzes the threats and opportunities on the way forward and makes decisions and plans accordingly. read more apart from the main sections. That means once you pick up this book, it’s a complete book.

key points

• The best takeaway from this book is, of course, Porter’s Five Forces Model:
• Threats from Participants
• Bargaining Power from Sellers
• bargaining power of buyers
• rivalry between competitors
• the pressure of substitute productssubstitute productsany alternative, replacement or endorsement of a primary product in the market is called substitute product. refers to any commodity or combination of goods that could be used in place of a more popular item under normal circumstances without affecting composition, appearance, or utility.read more
• this best book on business strategy features by first time the concept of competitive advantageconcept of competitive advantagecompetitive advantage refers to an advantage taken by a company that has remained successful in surpassing its competitors belonging to the same industry by designing and implementing effective strategies that allow it to offer goods or services of quality, quoting reasonable prices to its customers, maximizing the wealth of its stakeholders, etc., as a result of which the company can earn more profits, build a positive brand reputation, make more sales, maximize return on assets , etc. Read More the examples that porter has given are incredible. For example, in the 1970s HP faced competition from electronic calculators; now the same competition prevails, only the elements of the competition have changed.

#5 – business strategy: a guide to effective decision making (economist books)

by jeremy kourdi

what you do today in your business determines what you will face in the near future: success or failure. It turns out that the better your decision making, the better your chances of success.

book review:

• This book is written for beginners who want to understand strategy at a basic level. If you are new to business, this is the best strategy book to start with. discusses the fundamentals of business and covers just about everything you need to know about business.
• If you’ve read a lot of books on strategy, this book will help you think. From aligning your vision, to forecasting, to allocating resources, to flawless implementation and execution – you’ll learn all the fundamentals in this book.

key points

• It just starts with where you are, where you want to be, and how to get there. this is the basic foundation that most companies ignore.
• according to the author, a good strategy is based solely on its effectiveness, and the effectiveness of a strategy depends on the gap between implementation and strategy : The smaller the gap, the greater the chance for organizational success.
• One of the best parts of this book is the emphasis on managers as well as the organization. strategy is generally believed to be the task of a leader. but he will learn here that as a manager he is always responsible for how the strategy is implemented.

#6 – the playbook: how to think and act strategically for outstanding results

by max mckeown

This book on corporate strategy is not only useful for business owners, but people from all walks of life can read and enjoy the insights shared in this book.

book review:

• This book is written with the average reader in mind. the chapters are short and the explanations are adequate. Using no management gibberish, this book exceeds the expectations of any business owner who wants to know the most pressing questions about their business, such as how to go global, how to win strategy games, how to grow your business over and over again. and so on.
• This is a book you wouldn’t read even once. will keep coming back to the book to reference and understand the concepts once again.

key points

• you can bet on this book if you are thinking of going to the next level in your business or career. This book is full of helpful examples and contains insights from many world leaders who have been successful in their businesses and in their lives.
• If you know nothing about strategy, this 272-page book will help you start your journey in the practical approach to strategy.
• this book has given a clear outline between managers and leaders. If, as a manager, you think strategically, you are already a leader. A manager cannot become a leader without strategic thinking, says the author. It’s true, and if he doesn’t believe that he can’t make any decisions because he doesn’t have the position, authority, or mental strength, it’s hard for you to represent yourself as a leader.

#7 – your strategy needs a strategy: how to choose and execute the right approach

by martin reeves, knut haanaes and janmejaya sinha

If you’re diving into an insane amount of complex questions and trying to find the right approach to execute your strategy, this book will help you immensely. take this and you have a blueprint for executing your strategy.

book review:

• If you don’t read any classic strategy book, this best strategy book will save you time, effort and cost. pick up this book and you will learn all about a prevailing strategy in the market. each page of this book is worth more than what you pay for the entire book. according to 21st century strategists, this book is indescribable.
• according to readers, this book is at the top of the top list. If you have read Porter’s book on strategy, you will love this book. Many readers have also mentioned that this book can be a perfect start for anyone starting their strategy journey.

key points

• This book is the step-by-step approach to commentary offered by management guru peter f. ducker – “there is nothing so useless as efficiently doing something that should not be done at all.” More importantly, this book is not just for marketing managers or business strategists; If you’re an HR professional, you’d be invaluable in terms of knowledge, execution procedures, and people management.
• In this age of faster pace and fierce competition, business owners need more than a set of tools they need a hardware store where they can choose the right tools according to the situations. this book will provide just about every possible tool for a strategy that any business owner can get their hands on.

#8 – strategy that works: how winning companies bridge the gap between strategy and execution

by paul leinwand & Caesar R. mainardi

This book on business strategy is different in its focus and scope. This book can be called a bridge between strategy and execution. that means you’ll learn how to do gap analysisgap analysisin gap analysis, a company’s actual performance is compared to desired goals. read more and act on the insights you gain.

book review:

• The book emphasizes the need to focus on an identity that cuts through the noise and can ensure growth as a result rather than the other way around. once you’ve established your specific identity, you can translate the same strategic approach into your daily structure.
• this book will help you understand the “know-do gap.” in strategy, the same gap translates into the gap between “strategy” and “execution.” The reason most organizations suffer from this gap problem is that they focus too much on thinking and too little on execution and feedback loops. if you read the book, you will understand where the flaws are and how to fix them.

key points

• there are 5 general things you will learn from this book:
• create and commit to an identity
• translate the same identity into a strategic approach
• take control of your culture and put it to work
• cut costs to strengthen your bottom line
• shape your future
• in this strategy book, the best part is that the authors talk about unconventional ways through which you can make your strategy work. you will learn why conventional strategy only widens the gap between strategy and execution.

#9 – strategy maps: turning intangible assets into tangible results

See Also: Truyện Pachinko – FAHASA.COM

by robert s. kaplan & david pag norton

this duo previously introduced the revolutionary concept called “balanced scorecard”. this is his book on “strategy maps” which will help companies around the world find a link between intangible assetsintangible assets are identifiable assets that do not have a physical existence, i.e. cannot be touched, like goodwill, patents, copyrights, & franchise etc They are considered long-term or long-lived assets, since the company uses them for more than one year. read more and results.

book review:

• After reading this book on strategy, you will learn that only 5% of the workforce understands the company’s strategy, 25% of managers have incentives linked to the strategy, 60% do not link their budgets to strategy and 85% of executives discuss strategy for less than an hour per month. this data is amazing for an organization when it wants to align its goals and wellness with its strategy. reading this book will help you learn how to centralize your strategy within your organization.
• this top part is an expansion of an hbr article written by kaplan and norton. In that article, they first introduced their topic of the balanced scorecard. building on a balanced scorecard balanced scorecard a balanced scorecard (bsc) is a deeply integrated performance metric that helps organizations identify internal problems and overcome them through effective planning, strategy, and execution. read more, have published three consecutive books. this book is one of them. Although it has received criticism from some of the readers, this book looks at the strategy from a completely different angle. but we recommend that you first read the book “The Balanced Scorecard: Translating Strategy into Action” before reading this book.

key points

this book has a five step framework which is the best lesson –

• bring strategy down to the operations level
• align the organization to the strategy
• help everyone align with the organizational strategy
• la strategy should be an ongoing process
• accelerate/mobilize change through executive leadership

This book has introduced a new concept, “strategy map”, which speaks of a document. This document consists of the main strategic objectives pursued by the organization. this is something new as very rarely does anyone talk before about the relationship between drivers and desired results.

#10 – blue ocean strategy, extended edition

how to create a market space without competition and make the competition irrelevant

by w chan kim & renee mauborgne

book review:

• This is an innovative strategy book that has sold 3.5 million copies worldwide. Many thought leaders and business giants have read, evaluated, and applied the step-by-step process provided in this book. It is a must-read if you are a student of strategy.
• This book is based on value innovation. this concept will help the customer to find a different and low cost value. If you are new to strategy, you should first read a basic book before coming to this book. Blue ocean strategy generally talks about creating a blue ocean for your business and creating barriers for other businesses to follow suit.

key points

there are four things you would learn specifically –

• alignment barriers: creating barriers in value proposition, people and profit
• cognitive & organizational barriers: where your value innovation conflicts with the competitor’s conventional logic
• brand barriers: where your value innovation conflicts with image of a competitor’s brand</li
• inexpensive & legal barriers: create a patent and volume advantage

You can’t make it as a small fish in a big pond. all you need to do is be a big fish in a small pond. By using the blue ocean strategy, you can become a big fish in a small pond (think niche).

recommended articles

• consulting books
• leadership books
• negotiation books
• motivational books

disclosure for amazon associates

wallstreetmojo participates in the amazon services llc associates program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.

See Also: [Solved]Fixes to iBooks Not Syncing Between Devices – EaseUS