This PPT slide, part of the 26-slide Strategy Development Fundamentals PowerPoint presentation, presents a comparative analysis of various schools of thought regarding strategy development. It highlights 5 distinct approaches: Classical, Entrepreneurial, Learning, Complexity Theory, and Adaptive Enterprise. Each school is associated with a notable source, guiding principle, process implications, and critiques, providing a structured overview for decision-makers.
The Classical School, attributed to Michael Porter, emphasizes a formal and analysis-driven approach, advocating for a structured process. The guiding principle here is to "trust the process," which implies a reliance on established methodologies. Critics point out that only a small fraction of strategy ultimately stems from this rigid framework.
In contrast, the Entrepreneurial School, linked to Schumpeter, Collins, and Moore, encourages a more fluid and leader-centric approach. The guiding principle is to "trust the leader," suggesting a semi-conscious decision-making process that values flexibility over strict planning. Critics note a potential for dependency on individual leadership.
The Learning School, represented by Mintzberg, promotes a dynamic and experiential approach, where the guiding principle is that "everyone is a visionary leader." This school advocates for rapid learning and adaptation, though it faces criticism for not being sufficiently structured.
Complexity Theory, associated with the Santa Fe Institute, introduces the idea of self-organization and chaos, encouraging leaders to "let it go." This perspective focuses on creating conditions for decentralized decision-making. Critics argue about its applicability to larger organizations.
Lastly, the Adaptive Enterprise, linked to Darwin, emphasizes continuous evolution and organizational capabilities. Its guiding principle is to "keep on moving," which aligns with the need for agility in strategy development. Critics highlight that this approach can sometimes overlook foundational theories.
This slide serves as a valuable resource for executives seeking to understand diverse strategic frameworks and their implications.
This slide is part of the Strategy Development Fundamentals PowerPoint presentation.
This presentation is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants. It teaches a practical consulting framework actively used by tier-1 consulting firms.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
