This presentation introduces the evolution of strategy and management thinking since 1930s. It provides an overview of key strategy schools of thoughts and breaks them into two broad categories:
• Outside-in strategy schools
• Inside-out strategy schools
It then elaborates on the key characteristics of various strategy thinking under each strategy schools. Included in the presentation are two most valuable slides that illustrates the evolution of strategy timeline since 1920s. This is a very useful reference for beginners as well as veterans in the strategy field.
This document delves into the critical elements required for sustainable market success, emphasizing the commitment of scarce resources and the alignment of actions with strategic choices. It highlights the importance of consistency in decision-making and the need for coordinated actions across the organization. The presentation also explores the evolution of strategy through the lens of General Electric, showcasing key milestones such as decentralization, the creation of strategic business units, and the shift towards a boundaryless company model.
The analysis includes empirical studies that demonstrate the strong relationship between market share and profitability. It underscores the significance of strategic positioning as a primary driver of return, which has led to the development of various strategic matrices and models. These insights are crucial for understanding how businesses can achieve sustainable improvements in return and avoid unsustainable strategies.
Additionally, the document covers the concept of industry attractiveness and how it can be modified through strategic actions such as acquisitions and customization. It discusses the criticism of strategic planning and the role of value chain analysis in bringing the firm back into the strategy. The presentation concludes with a forward-looking perspective on competing for the future, stressing the need for innovation, venturing, and value networks in the rapidly changing business environment.
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Source: Best Practices in Strategy Development PowerPoint Slides: Evolution of Strategy PowerPoint (PPT) Presentation Slide Deck, Documents & Files
This PPT slide illustrates the relationship between intended, deliberate, and realized strategies, emphasizing the complexity of strategic formulation. At the top, the "Intended Strategy" represents the initial vision or plan set by leadership. This is the starting point, where goals and objectives are defined.
Moving to the right, the "Deliberate Strategy" signifies the actions taken to implement the intended strategy. This phase involves careful planning and execution, where the organization aligns resources and capabilities to achieve the desired outcomes. However, it is crucial to note that this process is not linear.
The arrows flowing downward from the deliberate strategy indicate the multitude of internal and external influences that can affect the outcome. These influences can include market dynamics, competitive actions, regulatory changes, and organizational culture. This highlights that while strategies are formulated with intent, the realization of those strategies is often subject to unforeseen variables.
Finally, the "Realized Strategy" is the culmination of both the intended and deliberate strategies, shaped by the various influences encountered along the way. It reflects what the organization has actually achieved, which may differ from the original intent due to the complexities of execution.
Understanding this framework is vital for executives as it underscores the importance of adaptability and responsiveness in strategic management. It serves as a reminder that successful strategy is not just about planning, but also about navigating the unpredictable nature of business environments.
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Strategy Development Strategic Planning Consulting Frameworks Chief Strategy Officer Strategy Deployment & Execution Hoshin Kanri Consulting Training Strategy Frameworks Growth Strategy Porter's Five Forces Customer Experience Digital Transformation Business Transformation Breakout Strategy Competitive Advantage Scenario Planning Customer Segmentation Henry Mintzberg KPI Strategic Analysis
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