Strategic Management Practices Issues Group
March 15, 2013: 7:30 AM - 8:45 AM
Where does strategy fit in and why do smart firms still fail to attend to fundamentals? This session will cover strategy: separating practice from experience.
Sopprafina Market Cafe
222 West Adams St.
In 2009, Jack Welch sat down for an interview with the Financial Times and created quite a stir when he was asked about Share holder value as a strategy. His response was that the question was a dumb idea.
The interview offered Welch an opportunity to share his thoughts on the future of capitalism and also his understanding of strategy. After our own conversation last month on conscious capitalism (do go check out the blog for a recap), it became clear that semantics aside, the fundamentals still rule. Some of the chaos that ensues, Welch suggests, confuses the outcome, shareholder value, and strategy.
We do hope you will join us in March 15, at our usual time and our ongoing location Sopprafina Marketcafe (another entrance on Franklin between Monroe and Adams).
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We will take a look at some colossal fails by leading practitioners and a series of thought leaders who offer clarity on strategy fundamentals.
Please review the articles in advance, and let us know you will be joining us.
1. Good strategy/bad strategy McKinsey quarterly interview with Richard Rumelt, November 2007
2. What Killed Michael Porter's Monitor Group? The One Force That Really Matters
3. Placing strategic bets by Roger Martin, January 2013 Harvard Business Review/ Placing Strategic Bets in the Face of Uncertainty - Harvard Business Review
4. Interview by ex CEO SkipPRichard with Max McKeown on Strategic best practices
5. Jack Welch Elaborates: Shareholder Value Posted Business Week on March 16, 2009