Richard Rumelt: The Evaluation of Business Strategy
A review of Rumelt’s landmark article, 'The Evaluation of Business Strategy', where he proposes four key tests of business strategy: consonance, consistency, advantage and feasibility.
Strategic Options
Testing Strategic Options
Strategic analysis and choice are of little value to an organization unless the strategies are capable of being implemented. We outline the key strategic tests of suitability, feasibility and acceptability here.
Strategic Options: Evaluation Tools
A range of tools are available to help organizations assess strategic options. We explore some of the most widely used tools here.
Fat Cats Restaurant: a Strategy Case Study
This case study uses Porter’s generic strategies to identify key competitors and establish strategic options.
Jim Collins: Good to Great
Jim Collins' 'Good to Great' is regarded as one of the best business books of all time. In it, Collins describes how he and his team of researchers examined the simple question 'Can a good company become a great company, and, if so, how?' This article provides an overview of the book.
The Resource-Based View of Strategy
The resource-based view of strategy emphasizes the importance of an organization’s individual resources and capabilities in delivering competitive advantage. This article looks at the key thinkers and principles behind this approach to strategic management.
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Counting Your Chickens: a Strategy Exercise
A resource audit is an effective way of getting an up-to-date picture of the tangible and intangible assets at your disposal. Use this exercise to help you successfully plan an audit.
Mintzberg’s 5 Ps of Strategy
Learn how the five different approaches in Mintzberg's 5Ps of Strategy model can help you develop a robust business strategy.
Porter’s Generic Strategies
Beat the competition, no matter what industry you're in, with Michael Porter's Generic Strategies. Includes tips on how to apply each strategy.
Value-Based Management
Find out how Value-Based Management can create long-term value for your organization or department, how to implement it, and what its weaknesses are.
Scenario Analysis
Use Scenario Analysis to predict potential outcomes of your desired strategies or decisions, and so minimize risk and avoid worst case scenarios.
The Value Disciplines Model
Use this model to help you think about how you can deliver great value to your customers.