Decades of Strategic Evolution: Key Developments PPT
This PPT slide, part of the 50-slide Evolution of Strategy PowerPoint presentation, presents a timeline detailing the evolution of strategic thought from the 1970s to the 1990s. It highlights key events and developments that have shaped strategic thinking over these decades.
In the 1970s, the focus was primarily on market share, with companies diversifying to achieve growth. The emergence of corporate raiders and the breakup of conglomerates marked a significant shift in corporate strategy. The importance of strategic choice became evident, with frameworks like Porter's generic strategies gaining traction. Concepts such as the experience curve and product life cycle also emerged, influencing how businesses approached their market strategies.
Moving into the 1980s, the landscape shifted dramatically with the rise of competition from Japan and Germany. This period saw a service revolution and a heightened emphasis on shareholder value. Companies began to focus on cost-cutting and quality, reflecting a more aggressive approach to competition. The introduction of Total Quality Management (TQM) and Just-In-Time (JIT) methodologies further emphasized efficiency and operational excellence.
By the 1990s, the focus transitioned to speed and process optimization, reflecting the rapid changes in technology and consumer expectations. The concept of execution as strategy gained prominence, indicating a shift from merely formulating strategies to implementing them effectively. The integration of business functions became crucial, as organizations sought to align their strategies with operational capabilities.
Overall, this timeline encapsulates the dynamic evolution of strategic thinking, illustrating how external pressures and internal capabilities have shaped corporate strategies over 3 decades. It serves as a valuable reference for executives looking to understand the historical context of strategic frameworks and their application in today's business environment.
This slide is part of the Evolution of Strategy PowerPoint presentation.
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Strategy Development Operational Excellence Quality Management Corporate Strategy Shareholder Value Strategic Thinking Total Quality Management TQM
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