A good strategy is what makes you win among your competitors. Here we would be talking about the best books on strategic thinking.
But what is Strategy?
Strategy is a long-term action plan which helps achieve your objectives. As Pete Johnson has rightly said, “Strategy is a style of thinking, a conscious and deliberate process, an intensive implementation system, the science of ensuring future success.”
Strategic thinking is necessary to achieve it intelligently instead of the hard way.
Strategy books aid the development of strategic plans. These works cover subjects covered by scaling operations, marketing growth, surpassing the competition, and achieving longevity. Thus it is necessary to know about the best books on strategic thinking.
Best books on strategic thinking:
A few Goodreads for enriching your strategic thinking are listed below, which have also been enlisted among the Best Books on Strategic Thinking of 2021. Have a look:
1) The Art of Strategy by Avinash K. Dixit and Barry J. Nalebuff
If you are a beginner, let this one of the best books on strategic thinking be your escape. A beautifully drafted book by Avinash K. Dixit and Barry J. Nalebuff tells about the basic principles and fundamentals of a game theory and your competitors’ next probable moves.
The authors have shown patterns and dialects, which will help sort and extract useful information out of the vast sets of data.
The Art of Strategy is full of case studies that would come off as beautiful examples and make one aware of the potential shortcomings in various areas, which might help be on track.
2) Good strategy Bad Strategy by Richard Rumlet
If you are looking for the exact meaning of strategy and what a good strategy looks like, you are preferred to this very book by Richard Rumlet. Here, the author has suggested excellent strategies that, when executed well, lead to success. Also, he has pointed out what all strategies could hurt the business and what a poor strategy can look like. This is
The book is a mixture of good and bad strategic plans and will give a taste of both sides and help you widen the horizons of your strategic thinking. Thus, it is one of the best books on strategic thinking.
3) Playing to Win by A. G. Lafley, Roger L. Martin
This is the next one of the books on strategic thinking. How does a strategy work?
Are you looking for an answer to the same question? Well, you have landed across the right path. Playing to win is an original strategy thinking book that talks about any business’s operational strategy. The book has an exceptional example of how A.G.Lafley had improved the profitability and sales of the American company, Proctor and Gamble.
Real-life examples have always positively impacted motivating a person, and the book has beautifully leveraged the fact. Get this book right away if you are Playing to Win in the big booming industry!
4) Your Next Five Moves: Patrick Bet David and Greg Dinkin
Business is entirely a chess game as your moves define you. Patrick Bet David and Greg Dinkin have drafted the book so that the reader would find himself in a position of a chess player where every move he makes would define his next move and so on. The author tries to convince that every decision is based on his past decision’s outcomes, and hence a strategy described as a long-term action plan’ is what comes to the rescue when hit by complications. Also, it is essential to define its vision, mission, values, and objectives to lead to success. Give it a read if you are a beginner and a wanna-be strategic thinker.
5) Built to Last by Jerry I. Porras and Jim Collins
This is one of the best books on strategic thinking. According to the BLS data, approximately 20% of the new companies fail within the first two years of their opening. This shows it is tough to survive in a highly competitive and ever-changing market, and therefore, dealing with challenges strategically is the key to survival. Built to Last, Jim Collins and Jerry I. Porras outline the factors that help companies survive and strike through difficult times. It also defines the features of companies that have gone on to success.
Please give it a read to contour your vision, mission, challenges, and outliers of your potential company.
See also: 7 Best Books For Intellectual Growth
6) Blue Ocean Strategy – How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim
Another fantastic and one of the best books on strategic thinking, targeted explicitly towards industrial competition and how to tackle it. He compared various aspects of it with different kinds of the ocean, making it easier to understand and execute in a professional world. Simplistically, this book segments other aspects of issues with the ocean and helps us answer various questions about how we can increase our blue ocean areas, i.e., targeting non-customers.
7) The Innovator’s Dilemma – When New Technologies Cause Great Firms to Fail by Clayton M. Christensen
Last but not least, this book tries to give in-depth insights into why successful companies fail while going through a radical change? And what all can be planned can be done to manage the organization from falling. Here, the writer focuses on every tiny aspect that may usually get ignored and elaborates on ways to deal with it.
These were some of the best books on strategic thinking. Strategy Thinking books provide a road map for reaching objectives and achieving positive outcomes. It’s not easy to develop a perfect strategy, and there are numerous things to consider. Fortunately, there is no shortage of specialists willing to share their knowledge and views to assist present and future leaders in making wise and sustainable decisions.
- 1 Best books on strategic thinking:
- 1.1 1) The Art of Strategy by Avinash K. Dixit and Barry J. Nalebuff
- 1.2 2) Good strategy Bad Strategy by Richard Rumlet
- 1.3 3) Playing to Win by A. G. Lafley, Roger L. Martin
- 1.4 4) Your Next Five Moves: Patrick Bet David and Greg Dinkin
- 1.5 5) Built to Last by Jerry I. Porras and Jim Collins
- 1.6 6) Blue Ocean Strategy – How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim
- 1.7 7) The Innovator’s Dilemma – When New Technologies Cause Great Firms to Fail by Clayton M. Christensen
- 2 Conclusion: