Cover of Playing to Win
Business strategy

Summary and review ofPlaying to Win

Few collaborations have produced so much: A.

★★★★☆ 8.4/10 editorial rating 1 min read
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The CEO who doubled Procter & Gamble's value and Toronto's business school dean turned their collaboration into the most operational strategy framework there is: five cascading choices — winning aspiration, where to play, how to win, capabilities, and management systems — illustrated with the real decisions that transformed Olay and Gillette.

Our review

Few collaborations have produced so much: A. G. Lafley doubled Procter & Gamble's value in his first stint as CEO, and Roger Martin — Rotman's dean and his strategic advisor for years — theorized the method they used. «Playing to Win» condenses it into the cascade of five choices: what is our winning aspiration; where do we play (markets, segments, channels); how do we win there; what capabilities do we need; and what management systems make it sustainable. The book's strength is that every concept is illustrated with real P&G decisions — reinventing Olay as a prestige brand in the mass channel, the Gillette acquisition, opening innovation with Connect+Develop — told with their numbers and their doubts. Compared to the more intellectual Rumelt, Lafley and Martin are operational: their framework is built to be used on Monday morning, cascading from the corporation to every brand and function. Its limit is its origin: the method was born in consumer goods and demands adaptation outside it. As a bridge between strategic theory and executive practice, it remains unsurpassed.

Who it's for (and who should skip it)

For executives and brand or product leads who need an immediately applicable strategy framework; the ideal practical complement after reading Rumelt or Porter.

Key takeaways

  • Strategy is five cascading choices: aspiration, where to play, how to win, capabilities, and systems — each conditioning the next.
  • «Where to play» and «how to win» are the heart: choosing battlefields and the form of advantage is what most plans dodge.
  • A corporate strategy only works if it cascades: every brand, category, and function needs its own coherent five choices.
  • Capabilities must derive from strategy, not the other way round: first decide how to win, then build what is needed to do it.
Fact

During Lafley's tenure as CEO (2000-2010), P&G doubled sales and multiplied profits; the Spanish edition was published by Arpa in 2020.