Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trial
Blink 3 of 8 - The 5 AM Club
by Robin Sharma
Dispel the Misconceptions and Deliver a Winning Strategy
Think of the furniture chain IKEA. Their worldwide success is mainly due to their self-assembly furniture, Scandinavian design, low-cost production, and self-service stores. But these features weren’t a result of a carefully planned strategy. In fact, most of them happened because of challenges that forced the company leader, Ingvar Kamprad, to make a tough decision.
For instance, IKEA wasn’t always a furniture designer or manufacturer. At first, they merely distributed other people’s furniture. However, as the company was growing, a group of Swedish furniture sellers convinced Scandinavian furniture producers to boycott IKEA. This forced IKEA to design their own furniture, thus developing the characteristic IKEA look and functionality.
So the reason for IKEA’s success is that they didn’t only have a deliberate strategy – meaning a strategy that is based on careful planning – but they also had an emergent strategy: a strategy that develops in response to outside circumstances.
Studies show that organizations do need deliberate strategy, but that it’s best that this strategy remain high-level while empowering mid-level leaders to work within that strategy to adapt and respond to changes.
Myths of Strategy (2022) responds to the oversimplified generalizations of modern business gurus and consultants by debunking assertions about strategy. Using peer-reviewed research, the book holds advice on business strategy to the same stringent standards as other scientific and sociological fields of study.
It's highly addictive to get core insights on personally relevant topics without repetition or triviality. Added to that the apps ability to suggest kindred interests opens up a foundation of knowledge.
Great app. Good selection of book summaries you can read or listen to while commuting. Instead of scrolling through your social media news feed, this is a much better way to spend your spare time in my opinion.
Life changing. The concept of being able to grasp a book's main point in such a short time truly opens multiple opportunities to grow every area of your life at a faster rate.
Great app. Addicting. Perfect for wait times, morning coffee, evening before bed. Extremely well written, thorough, easy to use.
Try Blinkist to get the key ideas from 7,000+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.
Start your free trialBlink 3 of 8 - The 5 AM Club
by Robin Sharma