In an article of the McKinsey Quarterly the two business strategists discuss the nature of risk, the effectiveness of performance-measurement systems, and the difficulty of getting governance and incentives right. addthis_url = ‘http%3A%2F%2Fwww.management-lab.com%2Fmanagementlab%2F%3Fp%3D325′; addthis_title = ‘Lowell+Bryan+and+Richard+Rumelt+in+Discussion’; addthis_pub = ”;

What are the “building blocks” of organizations and what is “strategy”? In an interview of Harvard Business Knowledge Joseph L. Bower and Clark Gilbert answer these questions: “Organizations of any size are built around a series of building blocks, and the bigger the company the more responsibility in those building blocks” says Joseph L. Bower, [...]

Knowledge@Wharton has published an interesting article about the strategy of the fashion label Burberry. “Founded in London 1856 by draper’s apprentice Thomas Burberry and known for outfitting British military and global explorers, Burberry has evolved into a multi-faceted luxury brand that has more than 300 company-owned stores and concessions in high-end department stores around the [...]

The innovation process in fraught with uncertainty. Managers often do not know ahead of time the ideal mix of individuals and skills needed to solve innovation-related problems. One way around this uncertainty is to have multiple paths, approaches, or designs explored at once. Harvard Business School professor Karim R. Lakhani and colleagues study the outcomes [...]

In 2001 the Boston Consulting Group has created a Strategy Gallery. BCG call it an online “metaphor engine.”  It is a collection of more than 250 cases dedicated to strategic management. The cases are based on the idea that metaphors can provide insights to strategic thinking. addthis_url = ‘http%3A%2F%2Fwww.management-lab.com%2Fmanagementlab%2F%3Fp%3D237′; addthis_title = ‘The+Strategy+Gallery’; addthis_pub = ”;

The Boston Consulting Group (BCG) published an intereesting report last month. The title is “Missing Link – Focusing Corporate Strategy on Value Creation“. It is the tenth annual report in BCG’s Value Creators series. The study is written by Eric Olsen, Frank Plaschke and Daniel Stelter. The authors reflect the “time of turbulence in the [...]

Everybody is discussing about the executive pay topic. John E. Core, Wayne Guay and David F. Larcker have published a contribution about “The Power of the Pen and Executive Compensation” in the Journal of Financial Economics: Vol. 88 (1) 2008. In an online interview Larcker stated that “Two issues emerged, first, is the press picking [...]

Note the latest video “The Five Competitive Forces That Shape Strategy” with Professor Michael E. Porter from the Harvard University. addthis_url = ‘http%3A%2F%2Fwww.management-lab.com%2Fmanagementlab%2F%3Fp%3D202′; addthis_title = ‘The+Five+Competitive+Forces’; addthis_pub = ”;

Professor Roland Berger hold a speech on “Capitalism at the Turn of the Millennium” in Helsinki. He explained that… “…the capitalist system was able to improve the living standard of its people tremendously: In 1990, The US, with a 4.76% share of world population claimed a giant 21.43% of global GDP for itself, whilst the [...]

The main goal of firms is creating competitive advantage to achieve sustainable growth. A difficult and expensive challenge fo most firms. The INSEAD professor Jean-Claude Larréché has developed a research  approach including an empirical analysis of the performance of Fortune 1000 firms over a twenty-year period, research into more than 150 companies to identify the [...]