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Business Strategy (The Brian Tracy Success Library) Hardcover – April 22, 2015
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Taking control of your company’s destiny starts with planning strategically from the beginning.
How will you determine if your company has succeeded if you can’t base its performance on a well-defined business strategy? A strategic plan, established at your venture’s birth, helps crystalize the future of the organization--mapping a clear path from where the company stands today to where you wish it to be.
Setting a business strategy enables you to develop absolute clarity on priorities, organize resources, and get better results than ever before. Renowned business author Brian Tracy has provided a simple path to creating the specific business strategy needed for your company’s success.
In Business Strategy, Tracy will help you discover how to:
- Ask the five key questions vital to any strategic plan
- Determine a corporate mission that lifts and inspires people
- Define themselves in relation to their competition
- Reposition their business with new products, services, and technology
- Anticipate crises, and more!
Incorporating wide-ranging examples--from Alexander the Great to IBM to General Electric--this concise, practical guide gives readers proven ideas for increasing their company’s bottom line and maximizing their strengths and opportunities. The path to success starts at the beginning!
- Print length112 pages
- LanguageEnglish
- PublisherAMACOM
- Publication dateApril 22, 2015
- Dimensions4.75 x 0.5 x 6.75 inches
- ISBN-100814436277
- ISBN-13978-0814436271
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From the Publisher
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From the Back Cover
Setting business strategy enables you to develop absolute clarity on priorities, organize resources, and get better results than ever before. It may sound complicated, but Brian Tracy knows how to make it simple. In this practical book he shares the most important lessons for strategic planning. You’ll discover how to:
Ask the five key questions vital to any strategic plan • Determine a corporate mission that lifts and inspires people • Gain valuable insight with market share/market growth and strategy/operations matrices • Define yourself in relation to the competition • Reposition your business with new products, services, and technologies • Measure success via clear financial objectives • And more.
Using examples ranging from Alexander the Great to IBM and General Electric, Tracy gives you proven ideas for maximizing opportunities and increasing ROI. Powerful and portable, Business Strategy will help you take firm control of your company’s destiny.
About the Author
Product details
- Publisher : AMACOM; First Edition (April 22, 2015)
- Language : English
- Hardcover : 112 pages
- ISBN-10 : 0814436277
- ISBN-13 : 978-0814436271
- Item Weight : 5.1 ounces
- Dimensions : 4.75 x 0.5 x 6.75 inches
- Best Sellers Rank: #1,290,719 in Books (See Top 100 in Books)
- #5,109 in Motivational Management & Leadership
- #10,841 in Business Management (Books)
- #13,089 in Leadership & Motivation
- Customer Reviews:
About the author
Brian Tracy is Chairman and CEO of Brian Tracy International, a company specializing in the training and development of individuals and organizations.
Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined.
Brian Tracy has consulted for more than 1,000 companies and addressed more than 5,000,000 people in 5,000 talks and seminars throughout the US, Canada, and 55 other countries worldwide. As a Keynote speaker and seminar leader, he addresses more than 250,000 people each year.
He has studied, researched, written and spoken for 30 years in the fields of economics, history, business, philosophy, and psychology. He is the top selling author of over 45 books that have been translated into dozens of languages.
He has written and produced more than 300 audio and video learning programs, including the worldwide, best-selling Psychology of Achievement, which has been translated into more than 20 languages.
He speaks to corporate and public audiences on the subjects of Personal and Professional Development, including the executives and staff of many of America's largest corporations. His exciting talks and seminars on Leadership, Selling, Self-Esteem, Goals, Strategy, Creativity and Success Psychology bring about immediate changes and long-term results.
Prior to founding his company, Brian Tracy International, Brian was the Chief Operating Officer of a $265 million dollar development company. He has had successful careers in sales and marketing, investments, real estate development and syndication, importation, distribution, and management consulting. He has conducted high-level consulting assignments with several billion-dollar plus corporations in strategic planning and organizational development.
He has traveled and worked in over 80 countries on six continents and speaks four languages. Brian is happily married and has four children. He is active in the community and national affairs and is the President of three companies headquartered in Solana Beach, California.
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Remember 70% of the decisions you make turn out to be the wrong, using Brian’s time tested principles you can immediately reduce the risk of error.
If failure is not an option, buy this book today.
Brian, you are a genius and have helped me unlock more of my potential.
Thank you
Briefly but substantially, Tracy covers essentials of that include asking five questions that are vital to any strategic plan; determining a corporate mission that lifts and inspires people; gaining valuable insights with market share/market growth and strategy/operations matrices; defining yourself in relation to the competition with both comparison and contrast analysis; repositioning your business with new products and/or services and/or technologies; and measuring success via clear financial objectives. He selected 21 specific subjects or themes most relevant to effective strategizing and devotes a separate chapter to each. Briefly but substantially, Tracy covers these and other essentials of business strategy.
Here are two examples of basic business issues that Tracy discusses in depth:
The Principles of Effective Strategy (in a military context)
o The ultimate objective: Defeat an enemy in any and every way possible...and prudent
o The offensive: Attack where opponent is most vulnerable
o The mass: Attack with a concentration of resources that has the greatest impact
o The maneuver: Being sufficiently flexible to react effectively to whatever may occur
o Concerted action: Coordination and cohesion of everyone and everything involved
o Surprise: Gain competitive advantage by avoiding what enemy expects and doing what it doesn't
o Exploitation: Take full advantage of every opportunity with relentless tenacity
The Five Phases of Strategy Formulation and Implementation
(Developed by Benjamin Tregoe and Mike Freedman)
1. Strategic intelligence gathering: Ask the right questions to obtain the information that is most relevant to the given objective.
2. Strategy formulation: Start with a timeframe that has an end point. Make certain that the strategy formulated is appropriate to and indicative of your organization's core values and beliefs.
3. Strategy master project planning: Identify all key projects that will be included and then analyze and prioritize each in relation to the others. Be prepared to re-order and modify when necessary.
4. Strategic implementation: This is (by far) the most difficult phase. No detail is insignificant. Ensure that strategy and culture are in alignment. Clear communication between and among those involved is essential.
5. Continuously monitoring, reviewing, and updating your strategy: "The work of a strategist is never done." Be alert for anomalies. Your early-warning system must be active 24/7. Track unexpected changes that occur both internally and externally. Assume nothing. Take no one and nothing for granted.
Long ago, I realized that strategies are like hammers that "drive" tactics (nails) and that there are two basic categories: organizational strategies and individual strategies. It is no coincidence that most of the companies annually ranked among those most highly admired and best to work for are also annually ranked among those that are most profitable and have the greatest cap value in their industry. They have a workplace culture within which personal growth and professional development are most likely to thrive.
Brian Tracy knows better than does almost anyone else that an organizational strategy can and should help those involved to achieve their personal and professional goals. If it does, then those involved will be actively and positively engaged to ensure the success of a strategy that achieves the organization's goal(s).
Years ago, Southwest Airlines' then chairman and CEO, Herb Keller, was asked to explain the airline's extraordinary success: its profits and cap value exceeded those of its ten largest competitors...combined. "We take great care of our people, they take great care of our customers, and then our customers take great care of our shareholders." If the same cannot be said of your company, I suspect that it needs a different strategy. I highly recommend that you and several others read and re-read Business Strategy and then discuss it. You and they will be amazed by how much material of superior quality is provided in only 103 pages.
Also, as is true of each of the other volumes in The Brian Tracy Success Library, the price at which Amazon now sells this volume ($9.72) is not a bargain; it's a steal.
Top reviews from other countries
All in all a great book for business professionals, strategy consultants and students planning to embark/ revamp business strategies holistically to ensure laudable breakthroughs and successes