Summary of Chris Bradley,Martin Hirt, and Sven Smit's Strategy Beyond the Hockey Stick

By IRB Media

Get the Summary of Chris Bradley,Martin Hirt, and Sven Smit's Strategy Beyond the Hockey Stick: People, Probabilities, and Big Moves to Beat the Odds in 20 minutes. Please note: This is a summary & not the original book.Original book introduction:CEOs usually rely on their experience and business smarts to figure out which of those hockey sticks are real, and which are fake. But all too often getting to a “yes,” competing for resources, and striving to claim credit, cloud the hard decisions. Another strategy framework? No thanks, we already have plenty of those, and they don’t fix the real problem: the social dynamics in your strategy room.Mining the data from thousands of large companies, McKinsey Partners Chris Bradley, Martin Hirt, and Sven Smit open the windows of that room, and bring an “outside view”. They found three discrete groups of companies: the bottom quintile with massive economic losses; the long, flat, middle 60 percent with practically no economic profit; and the top 20 percent to whom all the value accrues

• Language: English
• Publisher: IRB Media
• Release date: Nov 18, 2021
• ISBN: 9781638157069

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Chris Bradley, Martin Hirt and Sven Smit's Strategy Beyond the Hockey Stick

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 1

#1

Even when a company’s strategy is successful, the results are rarely long-lasting. The strategy is rarely enough to move the needle in the right direction.

#2

The inside view creates a veritable petri dish for the growth of dysfunction once the strategy memo goes out. Managers use social engineering tricks in order to get through the meeting as quickly as possible.

#3

The presenter can also manipulate the data by relying on the inside view. For example, in the case of a business unit presentation, the presenter has a distinct knowledge advantage over everyone in the room since they are more familiar with the inner workings of their organization.

#4

The inside games that companies play to secure resources are the same games that executives play to secure a business plan. A business plan is a hockey stick projection of a company’s future.

#5

Often, the social side of a business takes the focus away from the financial aspect, and instead puts it on how the company looks. This is especially true in the case of hospitality businesses, where the appearance of success is often more important than actual success.

#6

People are often too afraid to be truthful