Praise for Dynamic Strategy-Making"An astonishingly timely, hopeful, and important book that recasts and freshly imagines strategy-making and integrates theory with practice in the field of strategic management. A must-read for all those who want to learn more about the future of strategy practice and become more skillful at it."--WARREN BENNIS, Distinguished Professor of Business, University of Southern California; and coauthor, Transparency"This is one of the most valuable resources ever created for strategists and leaders in organizations. It uniquely combines concepts of leadership and organization with strategy content and implementation in a pragmatic and integrated approach that makes tremendous sense for our times. With concrete cases, itprovides a clear road map for those who want and need to do a better job of formulating and implementing strategy."--DAVID A. NADLER, vice chairman, Marsh & McLennan Companies; senior partner, Oliver Wyman-Delta Organization and Leadership; and author, Building Better Boards and Competing By Design"The authors correctly focus on the new dynamic of 24/7 competition and change and the need for organizations to be fast, fluid, and flexible. It is a must-read for managers of tomorrow and offers a number of practical insights and lessons on how to proceed with strategy execution that can be readily adopted in any organization. It is a call to action that few can afford to ignore."--MANJIT SINGH, chairman, Sony Entertainment Television, India; and former CEO, Compete Inc., High Circle, Future Step, and Korn/Ferry International

Preface viiThe Authors xi1. Demise of Strategic Planning and Its Dynamic Replacement 12. Lessons from Experience 173. Lessons from Strategy Knowledge 314. Building a Strategic System 435. Making a Strategic Assessment 576. Crafting a Strategic Statement 677. Using Guided Involvement 978. Leading, Changing, and Following-Up in Real Time 1199. Facilitating Real-Time Strategy: A New Role for Consultants 13710. Real-Time Issues FAQ 15311. Last Words on Underlying Themes 163Appendix A: Coast Yellow Pages--A Research Case Study 169Appendix B: Gamma Bank--A Research Case Study 185Appendix C: Petrofuels Energy--A Research Case Study 193Appendix D: Johnson & Johnson Statement of Strategic Direction 211References 213Index 221