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ISBN:0684833697
Author: Jeffrey Williams
ISBN13: 978-0684833699
Title: Renewable Advantage: Crafting Strategy Through Economic Time
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ePUB size: 1680 kb
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Language: English
Category: Management and Leadership
Publisher: Free Press; First Edition edition (January 12, 1999)
Pages: 272

Renewable Advantage: Crafting Strategy Through Economic Time by Jeffrey Williams



The task of continuously renewing a company is the greatest challenge confronting any chief executive. To enable managers to project renewal strategies likely to win in the future, Jeffrey Williams has constructed a dynamic road map of outcomes in what he calls "economic time," based on a ten-year study of growth, decline, and renewal patterns of hundreds of companies in forty-five industries.

The advent of economic time The scale orchestrators The children eaters - The new artisans The three laws of renewal Aligning strategy with investors Multicycle management Managing cycle shifts Innovation: the origin of renewal Creating your future. Rubrics: Time management Strategic planning. On this site it is impossible to download the book, read the book online or get the contents of a book.

Williams' book 'Renewable Advantage' has 'right-brained' a traditionally left brain activity - strategic management. Williams soon may be surprised that his 'economic time' concept not only will be used in industry and business, but also in the management of not-for-profits, government, and the church. Religious organizations also experience times of advantage, loss of advantage and need for renewal.

The task of continuously renewing a company is the greatest challenge confronting any chief executive. Goodreads helps you keep track of books you want to read. Start by marking Renewable Advantage: Crafting Strategy Through Economic Time as Want to Read: Want to Read savin. ant to Read.

Renewable Advantage : Crafting Strategy Through Economic Time. by Jeffrey R. Williams. com User, April 13, 2000. Jeffrey Williams has broken new ground in the field of strategic management! This book will help guide managers and investors through the often cloudy world of economic time. By following the precepts laid out in this book, companies will be able to achieve sustainable competitive advantage regardless of the industry or competition. Professor Williams book is as engaging as his lectures.

Crafting Strategy Through Economic Time. CHAPTER 1: THE ADVENT OF ECONOMIC TIME The central idea of this book is economic time. When we think of the effects of time on a business, we imagine that markets are speeding up and that advantage is short-lived. But business time is becoming more complex than that. Crafting Strategy Through Economic Time.

Walmart 9781416551232. This button opens a dialog that displays additional images for this product with the option to zoom in or out. Tell us if something is incorrect. Renewable Advantage : Crafting Strategy Through Economic Time. Walmart 9781416551232.

No current Talk conversations about this book. Published 1998 by Free Press in New York, NY. Written in English. Includes bibliographical references (p. 245-248) and index.

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The task of continuously renewing a company is the greatest challenge confronting any chief executive. To enable managers to project renewal strategies likely to win in the future, Jeffrey Williams has constructed a dynamic road map of outcomes in what he calls "economic time," based on a ten-year study of growth, decline, and renewal patterns of hundreds of companies in forty-five industries. In this superbly readable book, Williams's revolutionary, award-winning concept of slow-, standard-, and fast-cycle economic time provides a unifying business language that the multicycle manager can use to compare the renewal opportunities of widely diverse products, companies, and markets. Using examples and studies from companies such as Starbucks, McDonald's, UPS, Compaq, Sony, Merck, Disney, Toyota, IKEA, Microsoft, Sony, Intel, IBM, Johnson & Johnson, Chrysler, and Hewlett-Packard, Williams explains that the key idea in economic time is being able to manage products and organizations according to the speed and means by which economic value arises, decays, and is renewed. The drivers of economic time are isolating mechanisms -- a firm's unique capabilities that lie at the heart of its competitive advantage -- and that, in Williams's framework, "delay" product obsolescence. Building on his intuitively appealing model, Williams describes how his three laws of renewal -- convergence, alignment, and renewal -- provide guidelines by which managers can gain command over strategy in complex, dynamic competitive situations. Renewable Advantage is not only essential reading but also will become a standard reference for senior and division managers, business scientists and strategists, and general managers in all industries.
Reviews: 7
Hulis
This book offers an approach to devising and executing a strategy for addressing the challenge that all markets present-birth, decline and renewal. Williams introduces the concept of economic time-a view of time in terms of the pace of competitive forces. The author identifies five economic time zones: slow, standard, fast cycle, shifting cycle, and mixed cycle. The key is to understand where in economic time your business operates. High profits are achieved by understanding what an organization must do to maintain its competitive advantage. A core theme is that advantages perish unless they are renewed. This book shows how to achieve renewal and explores how strategy must be continuously geared to an organization's economic time zone, given its product(s) and market(s). The book concludes by highlighting seven steps to renewable leadership. This work reflects and conveys complex and probing thought. It is conceptually robust. This is a fascinating work that provides a new paradigm for strategic thinking. Highly recommended.
Risky Strong Dromedary
Williams' book 'Renewable Advantage' has 'right-brained' a traditionally left brain activity - strategic management. This reviewer is a pastor and church management consultant. Williams soon may be surprised that his 'economic time' concept not only will be used in industry and business, but also in the management of not-for-profits, government, and the church. Religious organizations also experience times of advantage, loss of advantage and need for renewal. Williams well describes the processes of successfully getting at the science of the art of management; and the art of the science of management. Looking forward to 'Renewable Advantage 2.0.' This book has brought 'soul' to the management process. Thank you Dr. Williams! Rising management guru, indeed. Williams has arrived!
Xanzay
Jeffrey Williams has delivered a new and important way for businesses to view their strategic position. Whether slow cycle, or fast cycle, his most important revelation is that no business has the right simply to exist. All businesses exist to maximize value to the stakeholder.
Sometimes, maximum value is only achieved by transforming your business. Ultimately, maximum value may be achieved by breakup or dissolution of the business. Once these sobering realizations are assimilated, Professor Williams proceeds in a very readable and informative way to help businesses understand where they are, where their markets are, and how to maximize value where they need to be. A must read for voyagers through the New Economy.
Hap
Strategic management is a fascinating topic, and attracts much authorship; at first glance, this work may look like 'just another book on strategy'. Fortunately, it is much deeper than that. Paying attention to different parts of the business environment, and tracking the rate at which change takes place across many parameters, the author examines strategy through the concept of 'economic time'.

While the concept is simple, its ramifications are not: companies operating in different cycles must learn to develop, test, market, partner, cannibalize, reinvent, re-release, give away, and change, in very different ways. This dramatically affects their organizational structures and resource allocation, as well as their culture. Dr Williams makes these points very clear, and has organized the book in a way that gives appropriate weight to the discussions that lead to a new way of thinking.

In particular, I would recommend the chapter on "Multicycle Management" to anyone working in a big company or conglomerate, which cannot get defined by a single cycle style.

Upon finishing this book, the reader will be armed with a new way of viewing departments, companies, even industries.
Goodman
Jeffrey Williams takes an new approach to analyzing competitive forces based on the new concept of economic time. This allows insight into how to manage and compete within different industries, or, within different divisions of a company. I found the insights to be unique, and extraordinarily valuable to me as an entrepreneur in the high tech industry.
Munimand
I took Jeff Williams class at CMU and read this book... it's not very useful. The theories are very basic and good to have an understanding of, but his examples are outdated, and as technology and business practices evolve the cycles he talks about need revision. Overall, I think they're better strategy and marketing books out there.
Ginaun
Dr. Williams lends you his vision and takes you on a journey exploring his concept of economic time. His book will challenge you to think in a new way (dynamically) and permanently change your views on competive strategy.
The concept of economic time allows the reader to gain a much better understanding of how sustainable a strategy and its associated advantages are. Great book.