A manufacturing company can apply the strategies discussed in 'Good Strategy, Bad Strategy' by first identifying the critical factors in their situation. This could be anything from market trends, competition, to internal capabilities. Once these factors are identified, the company should design a way to coordinate and focus their actions to deal with these factors. This could involve improving production processes, investing in new technologies, or developing new products to meet market demands. The key is to have a clear and coherent strategy that directly addresses the company's unique challenges and opportunities.
Even some of the world’s biggest organizations do strategy poorly, and incorrectly credit their succ...
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