1、The Global Stateof StrategySTRATEGY MANAGEMENT TRENDS REPORT 2024Table of ContentsExecutive summary 37 Key Findings 3Introduction and methodology 5Research methodology and respondent typology 5The state of strategy today 8Businesses struggle to adapt to an ever-changing market landscape 8Current sta
2、te of the strategy management process 11Centralization vs.decentralization of strategy 12The challenges in strategy development 14Weaknesses of the current strategy development approaches 14Barriers to strategy development:Challenges and needs 15Outsourcing strategy functions:What and why do compani
3、es do it?17Lost potential and the need for change 20The role of ongoing strategy review and adjustment 21Importance and benefits of regularly reviewing strategies 21Link between the operational performance,goal achievement,and review cadence 22The power of Always-On Strategy 24The need for a new str
4、ategic approach 24Overview of the Always-On Strategy model 25The connection between Always-On Strategy and performance 27Conclusion and way forward 29Summary of findings and implications 29Recommendations 292The Global State of Strategy|2024Its become a clich to say change is the only constant in bu
5、siness.However,business leaders are undoubtedly facing more volatility,uncertainty,complexity,and ambiguity(VUCA)than ever before.A recent analysis in Harvard Business Review shows that 60%of the firms on the Fortune 500 in 1995 were no longer on the list in 2020.Some of todays most prominent compan
6、ies Meta,Alphabet,Tesla,Netflix,Nvidia,and Uber were all founded after 1995.The pace of change is accelerating.Incumbency is no longer the advantage it once was.And threats of disruption and opportunities for growth seemingly present themselves daily to business leaders.Since the core approach to st