Sunday, January 31, 2016

Strategy Trumps Confusion - By Mark D. Stahlman and Jeffery A. Martineau (And most of this is missed by the MSM)

As it turns out, our experiences, including a long career on Wall Street engaged with technology companies, such as IBM, Apple, Google and others, suggests that strategy is also extremely rare in the business world today.  What is usually attributed to “short-term/quarterly focus” goes much deeper than that.  Indeed, as veteran Fortune magazine reporter Walter Kiechel documented in his masterful 2010 book The Lords of Strategy: The Secret Intellectual History of the New Corporate World, strategic-thinking in business world largely disappeared by the 1990s -- dying out with the WW II generation of corporate leaders for whom strategy was a way-of-life.

As Rosabeth Moss Kanter, Harvard Business School's Arbuckle Professor of Business Administration, specializing in corporate strategy, put it in public comments addressing the 2012 HBS U.S. Competitiveness Survey, “Unless you're a small, authoritarian enterprise like Singapore, strategic thinking in business today is nearly impossible.”

All this raises two basic questions: 
How is Trump different and why has this happened now?

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