In the ever-evolving landscape of business, staying ahead requires hard work and smart work. This means constantly updating your knowledge base and strategy toolkit. As a consultant, I’ve delved into numerous books that offer invaluable insights into strategy and business model innovation.

Here, I share my top picks that have profoundly influenced my approach and thinking.

1. The Execution Premium: Linking Strategy to Operations for Competitive Advantage by Robert S. Kaplan and David P. Norton

This book is a must-read for anyone looking to bridge the gap between strategy and execution. Kaplan and Norton, renowned for their Balanced Scorecard, offer a systematic, proven framework for achieving the synergy between strategy and operations. It’s a guide to turning your strategic goals into real-world success.

I would also add that I could have included the books “Balanced Scorecard” and “Strategy Maps” as part of this list, but a lot of the content is included in this book. 

2. Game-Changing Strategies: How to Create New Market Space in Established Industries by Breaking the Rules by Constantinos Markides

Markides challenges conventional wisdom, urging businesses to break the rules to create new market spaces. This book is a treasure trove of insights for those looking to disrupt established industries and carve out unique market niches.

3. Zone to Win: Organizing to Compete in an Age of Disruption by Geoffrey A. Moore

Moore’s book is a brilliant guide for large enterprises grappling with disruptive innovation. It offers a practical framework for managing and nurturing new ventures while sustaining performance in the core business. It’s about balancing the need for performance today with innovation for tomorrow.

4. Playing to Win: How Strategy Really Works by A.G. Lafley and Roger L. Martin

A pragmatic and engaging book, “Playing to Win” demystifies strategy and presents it as a set of choices. Lafley and Martin, with their rich experience at Procter & Gamble, illustrate how a clear, well-defined strategy is crucial for winning in business.

5. Business Model Innovation Strategy: Transformational Concepts and Tools for Entrepreneurial Leaders by Raphael Amit and Christoph Zott

This book is a goldmine for entrepreneurial leaders seeking to innovate their business models. Amit and Zott provide actionable tools and concepts to transform traditional business models, making them more resilient, customer-centric, and profitable.

6. The Essential Advantage: How to Win with a Capabilities-Driven Strategy by Paul Leinwand and Cesare Mainardi

Leinwand and Mainardi argue that a capabilities-driven strategy is key to sustainable competitive advantage. This book is a guide to identifying and building the unique capabilities that differentiate your business.

7. The Delta Model: Reinventing Your Business Strategy by Arnoldo C. Hax

Hax presents the Delta Model, a strategic framework that moves beyond Porter’s Five Forces. It focuses on customer bonding and the strategic options of best products, total customer solutions, and system lock-in. A must-read for rethinking competitive strategy.

8. The Invincible Company: How to Constantly Reinvent Your Organization with Inspiration From the World’s Best Business Models by Alexander Osterwalder, Yves Pigneur, Alan Smith, and Frederic Etiemble

This book is a visual and practical guide to creating and sustaining innovative business models. It’s filled with real-world examples and tools for testing, reinventing, and improving your business model.

9. Business Model Navigator: 55 Models That Will Revolutionise Your Business by Oliver Gassmann, Karolin Frankenberger, and Michaela Csik

An excellent resource for anyone looking to innovate their business model. This book presents 55 models that have revolutionized various industries, offering a great starting point for developing your unique model.

10. Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim and Renée Mauborgne

A classic in the field, “Blue Ocean Strategy” advocates for creating new market spaces (Blue Oceans) rather than competing in saturated markets (Red Oceans). It’s a guide to finding and exploiting uncontested market spaces.

10. Running Lean - By Ash Maurya 

In this inspiring book, Ash Maurya takes you through an exacting strategy for achieving product/market fit for your fledgling venture. You'll learn ideas and concepts from several innovative methodologies, including the Lean Startup, business model design, design thinking, and Jobs-to-be-Done.

Each book offers unique perspectives and practical tools for mastering the art of strategy and business model innovation. Whether you want to refine your business model or disrupt an entire industry, these readings will undoubtedly provide valuable insights and inspiration. Happy reading!

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By Andrew Constable MBA, LSSBB

Keywords: Innovation, Leadership, Business Strategy