The Strategy Paradox

The Innovator's Solution

The Strategy ParadoxThe idea factory

Learn more about Michael's work dealing with managing risk that led to the writing of The Strategy Paradox.

From Theory to Practice

Michael's bi-monthly column in The Conference Board Review explores the benefits of applying management theory to practical issues.

  1. May/June 2008: Disappointed by the gurus?

Latest publications

  1. Raynor, Michael E. (2008). "It's About Time," NACD Directors Monthly, June.
  2. — (2008), "Strategic Options: A new tool for managing in turbulent environments", Business Strategy Series, Vol. 9 Number 1
  3. — (2008) "Strategic Options for an Uncertain Future" Envisioning the Newspaper 2020, World Association of Newspapers Vol. 7 No. 1.

Deloitte research publications

  1. Globalization At Risk: Why Your Corporate Strategy Should Allow for A Divided and Disorderly World Download
  2. Strategic Flexibility in the Communications Industry: Coping with uncertainty in a world of billion-dollar bets Download
  3. Strategic Flexibility in the Financial Services Industry: Creating Competitive Advantage out of Competitive Turbulence Download
  4. Managing Amid Uncertainty: New thinking on how to win in a volatile world Download
  5. Strategic Flexibility in Media and Entertainment: Scenarios, Options, Action! Download
  6. Managing Strategic risk in China’s unpredictable automotive market: The saga of Tian River Motors Download

Additional publications

  1. Raynor, Michael E. (2007) "What is Corporate Strategy, Really?" Ivey Business Journal November/December.
  2. Raynor, Michael E. and Dwight L. Allen, Jr. (2007). "Stressed for Success," Océan Tides: The global business e-newsletter of Océ wide format printing systems. October.
  3. Raynor, Michael E. (2007). "Money Now, Mediocrity Later." Time, September 10.
  4. — "The Cost of Going Priviate" The Globe & Mail (online edition), July 9.
  5. — (2007). "Solving the strategy paradox: How to reach for the fruit without going out on a limb." Strategy & Leadership, Vol. 35 No.4.
  6. — (2007). The Strategy Paradox:  Why committing to success leads to failure [and what to do about it]. New York. Currency/Doubleday.
  7. — (2005) "Strategic Flexibility: Corporate-level Real Options as a Response to Uncertainty in the Pursuit of Strategic Integration." In Bower, Joseph L., and Clark Gilbert, eds., From Resource Allocation to Strategy. U.K.: Oxford University Press. Chapter 14.
  8. Allen, Dwight L. Jr. and Michael E. Raynor (2004).   "Preparing for a new global business environment:  Divided and disorderly or integrated and harmonious?" Journal of Business Strategy Vol. 25(5), pp. 16-25.
  9. Goodfellow, James L. and Michael E. Raynor (2004). "Managing Strategic Risk:  A New Partnership Between the Board and Management, " Strategy and Leadership, Vol. 32(5), pp. 45-47.
  10. — (2004). "Strategic Flexibility:  Taking the Fork in the Road".  Competitive Intelligence, Vol. 7(1), pp. 6-13.
  11. Raynor, Michael E. and Ximena Leroux (2004). "Strategic Flexibility in the R&D Function". Research and Technology Management. Vol. 47(3), pp. 17-23.
  12. Raynor, Michael E. (2003). "Taking the Fork in the Road". Strategy & Innovation, Vol. 1(4), pp. 8-10.
  13. — (2002). "Diversification as Real Options and the Implications on Firm-Specific Risk and Performance." The Engineering Economist. Vol. 47(4).
  14. — (2002). "Make Peace with Business Uncertainty." Optimize. August.
  15. — (2002). "Cut to the Quick." Director Magazine (UK Edition). April.
  16. — (2002). "Strategic Flexibility: Charting a Path Through Uncertainty." Convergence Magazine (South African Edition), Vol. 2(4)
  17. Raynor, Michael E. and Ron L. Hubert (2002). "Golden Handcuffs: How to Lock up an Acquisition Target." America’s Network, February 15.
  18. Raynor, Michael E. and Joseph L. Bower (2001). "Lead from the Center: The Key to Managing Divisions in Turbulent Times." Harvard Business Review. Vol. 79(5).
  19. Raynor, Michael E. (2000). "Tracking Stocks and the Exercise of Real Options." Journal of Applied Corporate Finance. Vol. 13(2).
  20. — (2000). "Hidden in Plain Sight: Hybrid Diversification, Economic Performance", and "Real Options" in Corporate Strategy. In Winning Strategy in a Deconstructing World. R. Bresser, D. Heubal, M. Hitt and R. Nixon. London, John Wiley & Sons: Chapter 4.