Commitment: The Dynamic of Strategy

By Pankaj Ghemawat

Book Overview

The author examines commitment - the tendency of business strategies to persist over time - and demonstrates with actual company examples how current decisions are constrained by past decisions and... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0029115752
• ISBN13: 9780029115756
• Release Date: August 1991
• Publisher: Free Press
• Length: 178 Pages
• Weight: 1.06 lbs.
• Dimensions: 9.6" x 0.7" x 6.4"

Customer Reviews

Strategy meets reality

Ghemawat improves upon the traditional competitive strategy concepts in order to help determine how to achieve and sustain a competitive advantage. The framework developed does provide an aid in the evaluation of strategic alternatives that is especially useful for major investment decisions. I suspect that further improvements on this framework in the sense of cuantitative support may come from developments within the realm of Real Options. Note: This review may be influenced by the fact that I took the strategy course of Pankaj Ghemawat at business school.

The best strategy book since Porter's Competitive Strategy

This book is so good that most readers without serious strategy or industrial economics background will not completely understand it. However, it's thesis is one of the few really new concepts in competitive strategy to come out since 1980. The book is not a theoretical work, but rather helps the reader understand how strategic committments can be used to sustain competitive advantage. A must for any well read businessperson, consultant, or MBA student.