Book Review – Crafting and Executing Strategy: Creating sustainable high performance in South Africa
Authors: Johan Hough, Arthur
A.Thompson Jr, AJ Strickland III, John
E.Gamble Reviewed by Amanda Dormehl
H
he reputable US text the 2nd Southern African Edition of Crafting & Executing Strategy every senior-level or entry-level MBA student in Southern Africa needs to know about cuting and aligning business strategies, through presentation of core concepts and analytical A separate case and readings sections build on the main text by demonstrating the theory
The core concepts are explained in language that Southern African students can grasp and vant examples as used by small, medium and large SA companies.
atures include: e chapters have been updated and improved with the latest information from industry.
ough and the USA writing team have compiled a guide that is easy to navigate and practical in its application of actual South African and International Organisations-based case studies. The content overview includes; the scope and dynamics of strategy, some concepts and analytical tools, methodologies on how to craft strategies to create sustainable high performance and, in closing, it discusses managerial actions on how to execute and align the crafted strategy.
ncorporation of a ‘Strategy Process’ model for sustainable high performance has been rated into each chapter and assists students in understanding the bigger picture. ection of 10 Readings to reinforce understanding of the theory.
tration Capsules’ boxes throughout the text apply the chapter topics to real-life egic decisions.
pter 10 is devoted to Corporate Governance & Ethics. The chapter contains significant rage of the King 3 Report.
ext contains excellent coverage of the perspectives of the Balanced Scorecard and tical examples to cascade the strategic objectives throughout organisations in hern Africa.
ection of 10 Cases where 5 are based on SA Companies. mprehensive package of support material including case notes to accompany all the cases.
uctors have the option of packaging access to two excellent Simulation Games with ting & Executing Strategy. The Business Strategy Game and GLO-BUS are petition-based strategy simulations that are delivered online and feature automated essing of decisions and grading of performance.
Crafting and Executing Strategy is the seminal book on South African strategy implementation across industry and commercial boundaries. It provides a robust framework for analysing, interpreting and developing a high performance culture in South African businesses.
gh is Professor of Strategy at Stellenbosch University and the Managing partner of the corecard Institute of South Africa and Balanced Scorecard Africa.
online learning centre
mcgraw-hill.co.uk/ ks/hough
In this book Hough and co-authors have done a very good job of providing a framework to understand practical strategy formulation and implementation for practising managers and advanced students, filling it with a rich array of tools and SA and international cases and examples.
HOUGH
Visit McGraw-Hill Education at
www.mcgraw-hill.co.uk
THOMPSON JR STRICKLAND III GAMBLE
spine tbc January 2012 | Management Today 73
‘A company’s strategy is management’s action plan for running the business and conducting operations. The crafting of a strategy represents a managerial commitment to pursue a particular set of actions
2ND EDITION
CRAFTING AND EXECUTING STRATEGY
CREATING SUSTAINABLE HIGH PERFORMANCE IN SOUTHERNAFRICA – TEXT, READINGS AND CASES 2ND EDITION
JOHAN HOUGH
ARTHUR A THOMPSON JR A J STRICKLAND III JOHN E GAMBLE
CRAFTING AND EXECUTING STRATEGY
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