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Related Experiment Videos

Making strategy: learning by doing.

C M Christensen1

  • 1Harvard Business School, Boston, MA, USA.

Harvard Business Review
|October 4, 1997
PubMed
Summary
This summary is machine-generated.

Most managers lack strategic thinking skills because strategy changes infrequently. This toolkit offers a three-stage method for developing strategic thinking and implementing change effectively.

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Area of Science:

  • Business Strategy
  • Management Science
  • Organizational Behavior

Background:

  • Strategic thinking is not a core managerial competence in most organizations.
  • Managers typically do not repeatedly face the challenge of changing strategy, hindering skill development.
  • Companies often struggle with strategic change due to a lack of ingrained strategic thinking capabilities.

Purpose of the Study:

  • To present a practical three-stage method for executives to develop and implement effective business strategies.
  • To address the common managerial deficit in strategic thinking and strategic change implementation.
  • To provide a framework for fostering a core competence in strategic thinking within organizations.

Main Methods:

  • A three-stage method for strategy conception and implementation.

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  • Identifying and mapping key driving forces impacting the company.
  • Utilizing aggregate project planning to align strategy with resource allocation and innovation.

    • Main Results:

    • The mapping process facilitates consensus-building among management teams regarding driving forces.
    • Aggregate project planning enables the translation of strategy into actionable implementation.
    • Linking strategy and innovation through planning develops competence in strategic change.

    Conclusions:

    • The presented method empowers executives to conceive and implement creative, coherent strategies.
    • Successful strategy implementation requires aligning new strategies with resource allocation processes.
    • Developing a competence in strategic change is achievable through a structured, iterative approach.