Not trying to argue that other strategies are necessarily better -- just that the high-loss tanking strategy is much less likely to yield the desired results than we typically think.
If anything, I'm arguing that strategy is less important than execution and serendipity. Like almost all of the contenders, you need a lot of luck to hit on the big stuff, as well as a lot of skill in hitting at lots and lots of smaller stuff.
Sometimes tanking turns out to be larger or smaller parts -- even if not the largest part -- of the answer (Cleveland, OKC [though they didn't need high-loss seasons to build a contender], Houston, Denver). Sometimes it's not really much involved with success at all (Knicks, Bucks, Suns, Boston, Golden State). Sometimes it's the major factor (Dallas, Memphis, maybe Atlanta). In many, or perhaps even most, cases it yields nothing much more than we achieved without tanking in the Rudy/Donovan era (Minnesota, Philadelphia), a time when we arguably were following no "strategy."