Publish: Published March 3rd 2010 by Harvard Business Press (first published May 4th 2009)
ISBN: ISBN 1591397820 (ISBN13: 9781591397823)
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.
Some Reviews: 1,890 ratings 105 reviews in Goodreads.com
Great foundation for exploring business strategyI would recommend this book to anyone seeking g a deeper understanding of the evolution of strategy and the intellectualization of business. From here, the author gives a great start to dive deeper into more specific topics or eras of strategy, while maintaining the foundational learning illustrated herein.
Great concise history of the rise of strategy as a management discipline. Great overview of the subject, a must-read for anyone involved in setting strategy or considering hiring a strategy consultant. Helps make sense of the parade of the management-de-jour programs of the last 2 decades. And, despite the dryness of the subject, an enjoyable, entertaining read
I thought this was a fantastic book. Though dense at times if you don’t have a business background, it gives a great account of the big three consulting firms, and if you know a little about them now, really brings everything home.
The book gave a great history of strategy as it evolved including the history of the major firms and some idea of where they are now. however, he could have been more future looking ans mentioned about where he sees them evolving. But otherwise, a book that lives up to its title
Excellent book for folks interested in the history of strategy consulting. Written in an accessible language without lacking depth, it contains a good bit of knowledge and more than one anecdote that is worth remembering.