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 presents a timeline detailing the evolution of strategy and management thinking across various economic eras. It categorizes significant developments into 5 key areas: Scientific Management, Government Regulation, Marketing and Diversification, Strategy and Social Change, and Competitive Challenge and Restructuring. Each category outlines pivotal events and technological advancements that have shaped strategic thought.
The timeline begins with the 1920s, highlighting the rise of Scientific Management, marked by figures like F. Taylor, who emphasized efficiency and productivity. The 1930s introduced the impact of the Great Depression and government regulation, which influenced how companies operated. The 1940s saw the emergence of global brands like Coca-Cola, reflecting a shift toward international presence.
As we move into the 1950s and 1960s, the focus shifts to marketing strategies and diversification, with companies like Procter & Gamble and McDonald's setting new standards in brand management and franchising. The 1970s introduced concepts like lean production with Toyota, emphasizing efficiency in operations.
The timeline also notes significant technological advancements, from the ENIAC computer in the 1940s to the rise of the Internet in the 1990s. Each technological leap has driven changes in strategic thinking, pushing companies to adapt to new realities.
The final sections address globalization and ongoing shifts in the service economy, indicating that strategy is continuously evolving in response to external pressures. This slide serves as a comprehensive overview for executives seeking to understand how historical context influences current strategic frameworks.
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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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