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- Herausgeber: Business Book Summaries
- Kategorie: Bildung
- Sprache: Englisch
The must-read summary of Chris Zook and James Allen's book: "Repeatability: Build Enduring Businesses for a World of Constant Change".
This complete summary of the ideas from Chris Zook and James Allen's book "Repeatability" shows that repeating what has already proved successful is the key to growth, as it prevents companies from failing due to their complexity. In their book, the authors explain that the best way to grow your business is not to look for new projects, but to build your own great repeatable business model. This summary will teach you how to repeat the successes of others in your company in order to guarantee future success.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "Repeatability" and discover how you can develop the perfect business model that will lead your company to success.
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Seitenzahl: 34
Veröffentlichungsjahr: 2014
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Book Presentation: Repeatability by Chris Zook and James Allen
Book Abstract
About the Author
Important Note About This Ebook
Summary of Repeatability (Chris Zook and James Allen)
Book Presentation: Repeatability by Chris Zook and James Allen
Book Abstract
MAIN IDEA
Everyone wants to grow their revenues and yet when the results are analyzed, the companies which end up achieving growth don’t generally chase hot markets. Instead, they focus on building a repeatable business model which takes advantage of what they already do well. Repeatability – repeating what is already working – is the real key to growth because it avoids the strangulation by complexity which strikes many organizations.
The best way to grow is to not to look for new projects to pursue. Instead, build your own Great Repeatable Business Model.
“Our data shows that simplicity, focus, and mastering the art of continuous change nearly always trump strategies of radical change or constant reinvention. The complexity and disruption that result are the great “silent killers” of growth and can even lead to “binge and purge” cycles that ultimately weaken the core of businesses. We find in our research that enduring success is not about the choice of market, but about the essential design of a company (a much more controllable variable) and about harnessing the power of continuous improvement and adaptation—driving learning and competitive advantage deeper and deeper into the fabric of a business.”
– Chris Zook and James Allen
About the Author
CHRIS ZOOK is a partner at Bain & Company and co-head of Bain’s Strategy practice. He specializes in helping companies find their next wave of profitable growth and has experience in the information, health-care, computer and venture capital industries. He is coauthor of Profit from the Core, Beyond the Core and Unstoppable as well as a number of articles in the business press. He is a graduate of Williams College, Oxford University and Harvard University.
JAMES ALLEN is also a partner at Bain & Company’s London office and co-head of Bain’s Strategy practice. He has worked extensively in consumer products, oil and gas, technology and telecommunications and healthcare. He was coauthor of Profit from the Core and is a frequent keynote speaker. He is a graduate of Harvard Business School.
The Web site for this book is at www.repeatability.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of Repeatability (Chris Zook and James Allen)
1. A well-differentiated core
The essence of strategy is deciding how you will achieve and maintain differentiation. In practical terms, you earn money by being different from your competitors in ways that customers value. Repeatable business models have unique assets and deep competencies or capabilities which are their crown jewels of differentiation. To build a Great Repeatable Business Model, keep it simple. Know what you do well and add to that as you go along.
Being clear about what makes your business great may sound obvious but it’s surprising how many companies either take their differentiation for granted or else let their differentiation get diluted in the day-to-day hustle and bustle. The first building block of good strategy is to be clear about what makes your company unique. This lies at the heart of building a Great Repeatable Business Model.
“Differentiation is about the unique strengths that underlie your competitive advantage. Strategy is about obtaining the full potential of these assets and capabilities by adapting and applying them to the right range of opportunities. Differentiation is the vessel that holds the crown jewels of a business. Making money in business depends on achieving competitive superiority through these differences. It is seldom about the serial search for new, hot markets.”
– Chris Zook and James Allen
The three essential design components of a well-differentiated core are:
