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The Lords of Strategy: The Secret Intellectual History of the New Corporate World

by Walter Kiechel

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2113129,458 (3.88)None
Imagine, if you can, the world of business - without corporate strategy. Remarkably, fifty years ago that's the way it was. Businesses made plans, certainly, but without understanding the underlying dynamics of competition, costs, and customers. It was like trying to design a large-scale engineering project without knowing the laws of physics. But in the 1960s, four mavericks and their posses instigated a profound shift in thinking that turbocharged business as never before, with implications far beyond what even they imagined. In The Lords of Strategy, renowned business journalist and editor Walter Kiechel tells, for the first time, the story of the four men who invented corporate strategy as we know it and set in motion the modern, multibillion-dollar consulting industry: Bruce Henderson, founder of Boston Consulting Group Bill Bain, creator of Bain & Company Fred Gluck, longtime Managing Director of McKinsey & Company Michael Porter, Harvard Business School professor Providing a window into how to think about strategy today, Kiechel tells their story with novelistic flair. At times inspiring, at times nearly terrifying, this book is a revealing account of how these iconoclasts and the organizations they led revolutionized the way we think about business, changed the very soul of the corporation, and transformed the way we work.… (more)
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    The World's Newest Profession: Management Consulting in the Twentieth Century by Christopher D. McKenna (onuryn)
    onuryn: An excellent combo! First read "The World's Newest Profession" to understand the origins and evolution of Management Consulting from 1900s-1960s, then "The Lords of Strategy" to check how it evolved into Strategy Consulting from 1960s to today.
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Say what you will about the current state of corporate/shareholder capitalism, this is a well told history of the mythical notion of "strategy" in business. Through published work, personal interviews, and business history, we trace a well-connected coevolution of the notion strategy itself (plus its forceful business imperatives), the firms who promote it, the organizations who buy it, and the academic institutions and individuals who extend it. Yes: intellectual, slightly skeptical, and dry... yet lively enough for a solid read. ( )
  stonecrops | Nov 26, 2018 |
Intellectual history of management consulting and the development of “strategy,” the idea of positioning one’s business based on factors such as costs, comparative advantages over competitors, and speed of cost reductions. Takes for granted that this was all a positive thing, even though as Kiechel points out the rise of strategy/management consulting corresponded with the decline of American industry, not to mention the immiseration of increasing segments of the population. ( )
  rivkat | Oct 19, 2015 |
Interesting, insightful, and well-written book regarding business strategy and the establishment of the management consulting industry, including the early development of the well-known frameworks such as the BCG growth-share matrix and porters five forces. Not a beginners books - requires deep interest in strategy and business in general. At some points the book gets a bit too tied up in less interesting details. ( )
  Adam_Bo_Petersen | Aug 1, 2013 |
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Imagine, if you can, the world of business - without corporate strategy. Remarkably, fifty years ago that's the way it was. Businesses made plans, certainly, but without understanding the underlying dynamics of competition, costs, and customers. It was like trying to design a large-scale engineering project without knowing the laws of physics. But in the 1960s, four mavericks and their posses instigated a profound shift in thinking that turbocharged business as never before, with implications far beyond what even they imagined. In The Lords of Strategy, renowned business journalist and editor Walter Kiechel tells, for the first time, the story of the four men who invented corporate strategy as we know it and set in motion the modern, multibillion-dollar consulting industry: Bruce Henderson, founder of Boston Consulting Group Bill Bain, creator of Bain & Company Fred Gluck, longtime Managing Director of McKinsey & Company Michael Porter, Harvard Business School professor Providing a window into how to think about strategy today, Kiechel tells their story with novelistic flair. At times inspiring, at times nearly terrifying, this book is a revealing account of how these iconoclasts and the organizations they led revolutionized the way we think about business, changed the very soul of the corporation, and transformed the way we work.

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