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From Resource Allocation to Strategy,New
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Is strategy a coherent plan conceived at the top by a visionary leader, or is it formed by a series of individual commitments, not always reflecting what top management has in mind? If it is a series of commitments, how can they be managed? To answer these questions, Joseph L. Bower and Clark G. Gilbert present research that examines how strategy is actually made by company managers across several levels of an organization. The research penetrates the 'black box' of strategy formulation and shows that a company's realized strategy emerges less from the formal statements of corporate strategy, but often out of the pattern of resource commitments that originate across every level of the firm.Drawing on over thirty yeas of research on resource allocation, including studies from Harvard Business School, Stanford, London Business School, and INSEAD, the book's five sections detail the structural characteristics of the resource allocation process, how the process can lead to breakdowns in strategic outcomes, and where top management can intervene to shape desired results. And while the organizing authors connect over three decades of research on resource allocation, they have also included assessments of this work by thought leaders in the fields of economics, competitive strategy, organizational behavior, and strategic management.The processes described represent the complex reality of strategy formulation in large organizations, but the ideas are presented in a way that enables the reader to access and understand the implications of these complexities. The findings should inform the research of economists, strategists, and behavioural scientists. Thoughtful executives and those who consult with them will also find the book provocative and instructive.
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- Q: What is the main focus of 'From Resource Allocation to Strategy'? A: The book examines how strategy is formulated within organizations, questioning whether it is a top-down vision or a series of commitments made by managers at various levels.
- Q: Who are the authors of this book? A: The book is authored by Joseph L. Bower and Clark G. Gilbert, both of whom have extensive research backgrounds in resource allocation and strategy.
- Q: How many pages does the book contain? A: The book contains 504 pages, providing detailed insights into the resource allocation process and its impact on strategy.
- Q: When was 'From Resource Allocation to Strategy' published? A: The book was published on October 11, 2007.
- Q: What edition of the book is available? A: The available edition of the book is the first edition.
- Q: What are some key topics covered in the book? A: Key topics include the characteristics of the resource allocation process, potential breakdowns in strategic outcomes, and ways top management can influence desired results.
- Q: Is there any specific research foundation for the book's findings? A: Yes, the book draws on over thirty years of research from prestigious institutions like Harvard Business School, Stanford, and London Business School.
- Q: What can executives learn from this book? A: Executives can gain insights into the complexities of strategy formulation and how to manage resource commitments effectively to shape strategic outcomes.
- Q: Does the book include assessments by other thought leaders? A: Yes, the authors have included assessments and perspectives from various thought leaders in economics, competitive strategy, and organizational behavior.
- Q: What kind of readers would benefit from this book? A: The book is beneficial for economists, strategists, behavioral scientists, and executives looking to enhance their understanding of strategy formulation in large organizations.