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Strategic Management_Week 1 Discussion

Strategic Management_Week 1 Discussion

Q When companies don’t win in the marketplace, it is often because they don’t have a strategy. Strategy is about winning and winning is about making clear choices about where and how to play. In Playing to Win: How Strategy Really Works, Roger Martin and his co-author, A.G. Lafley, CEO of Procter & Gamble, explained what strategy is for (winning) and what it’s about (choice). They laid out how organizations large and small can guide everyday action with larger strategic goals—to win rather than simply play.In this Harvard Business Review webinar Martin shares key insights from Playing to Win and also from the new Playing to Win Strategy Toolkit which helps leaders implement the Playing to Win framework in their organization. He provides real-world examples of companies that have developed and executed winning strategies. He also explains how anyone in business can win with the right approach to thinking hard. After watching the HBR video below (or read the book), please share your opinion with other classmates. You can also use "Good Strategy, Bad Strategy: The Difference and Why It Matters" to better understand the topic. https://hbr.org/2014/12/playing-to-win-how-strategy-really-works

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It is due to absence of a strategy that companies aren’t able to win in the marketplace. Strategy is related to winning. Winning is related to making choices that are clear regarding how and where to play. The strategy that is for winning and the ones that are about choice were explained by Roger Martin and A.G. Lafley (Co-author), P&G’s CEO. It was laid by them the manner in which action can be everyday guided with bigger strategic objectives to win by small and large organizations instead of playing in simple manner ("Playing to Win: How Strategy Really Works", 2019).