When companies don’t win in the marketplace, it is often because they don’t have

Question

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

Explanation / Answer

Good strategies for a business:

Bad strategy:

There seems to be lot of differences between a good and a bad strategy. A good strategy will take the organization to the route of success whereas a bad strategy will lead to a company becoming bankrupt and ultimately in the close of business.

Hence it is necessary for a company to follow a good strategy for its success, retaining its customers, market share, earning profits etc. and to achieve all the goals of an organization.

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