Final summary
The key message in this book:No school of thought about strategy formation is a one-size-fits-all solution. Each has its strengths and its limitations. By understanding these pros and cons, however, you can formulate a winning strategy for your organization.Suggested further reading: Competitive Strategy by Michael E. PorterCompetitive Strategy presents a thorough examination of the nature of industry competition as well as the common strategies that successful businesses employ to get ahead. It not only offers valuable insights into how to compete in the market, but also reveals how companies can use their competitors’ information to best them at their own game.About the authorsHenry Mintzberg is an author and scholar of business and management. In addition, he is a professor at McGill University in Montreal and has written several books on management and strategy. Bruce Ahlstrand and Joseph Lampel are academics in the field of strategy formation.