You need a strategy for your strategy. Martin Reeves, Senior Partner, Boston Consulting Group and Director, BCG
Question:
“You need a strategy for your strategy.” Martin Reeves, Senior Partner, Boston Consulting Group and Director, BCG Henderson. One key idea in our first chapter on strategy is systems thinking. One of the pioneers in systems thinking is W. Edwards Deming. Deming is best known for his pioneering work in Japan. Beginning in the summer of 1950, he taught top managers and engineers the methods for improving how they worked and learned together. His focus was both internally, between departments, and externally, with their suppliers and customers. (The Deming Institute, 2019) Understanding systems thinking will provide you with a foundation for our first team case and for further developing your skills in defining, planning, scheduling, and controlling a project (our topic for next week). The Deming Institute. 2019). Deming, The Man. Retrieved from https://deming.org/deming/deming-the-man In your initial post, answer these questions: What does Reeves mean when he claims you need a strategy for your strategy? How does Reeves's presentation compare with Deming’s systems thinking? Use Chapter 1 of our text to support (or dispute) the ideas of Reeves and Deming. Also, be sure to share any of your experiences that may help illustrate our readings.
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins