Some of the biggest changes have been in the process of generating business strategies-what I call "strategy work.” Around 1980, the received wisdom was to decentralize into business units, which would each generate a strategic plan. These plans were then amalgamated up the hierarchy, in some portfolio way, for senior management. That approach has all but disappeared, and we've seen a dramatic recentralization of strategy work. (Richard Rumelt)

Some of the biggest changes have been in the process of generating business strategies-what I call "strategy work.” Around 1980, the received wisdom was to decentralize into business units, which would each generate a strategic plan. These plans were then amalgamated up the hierarchy, in some portfolio way, for senior management. That approach has all but disappeared, and we've seen a dramatic recentralization of strategy work.

Richard Rumelt

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approach business call hierarchy management plan portfolio process seen senior strategy way wisdom work 1980 recentralization

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