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McKinsey Quarterly

Strategic Insight

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article | McKinsey Quarterly

Have you tested your strategy lately?

January 2011—Ten timeless tests can help you kick the tires on your strategy, and kick up the level of strategic dialogue throughout your company.more

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article | McKinsey Quarterly

How to put your money where your strategy is

March 2012—Most companies allocate the same resources to the same business units year after year. That makes it difficult to realize strategic goals and undermines performance. Here’s how to overcome inertia.more

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article | McKinsey Quarterly

The perils of bad strategy

June 2011—Bad strategy abounds, says UCLA management professor Richard Rumelt. Senior executives who can spot it stand a much better chance of creating good strategies.more

The development of strategy

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article | McKinsey Quarterly

Managing the strategy journey

July 2012—Regular strategic dialogue involving a broad group of senior executives can help companies adapt to the unexpected. Here’s one company’s story, and some principles for everyone.more

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How to improve strategic planning

August 2007—It can be a frustrating exercise, but there are ways to increase its value.more

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article | McKinsey Quarterly

Tired of strategic planning?

June 2002—Many companies get little value from their annual strategic-planning process. It should be redesigned to support real-time strategy making and to encourage ’creative accidents.’more

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Just-in-time strategy for a turbulent world

June 2002—Uncertainty and rising levels of risk make it impossible for companies to determine the future. But a portfolio-of-initiatives approach to strategy can help ensure that companies take full advantage of their best opportunities without taking unnecessary risks.more

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Strategy under uncertainty

June 2000—The traditional approach to strategy requires precise predictions and thus often leads executives to underestimate uncertainty. This can be downright dangerous. A four-level framework can help.more

Behavioral strategy

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article | McKinsey Quarterly

The case for behavioral strategy

March 2010—Left unchecked, subconscious biases will undermine strategic decision making. Here’s how to counter them and improve corporate performance.more

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interview | McKinsey Quarterly

Strategic decisions: When can you trust your gut?

March 2010—Nobel laureate Daniel Kahneman and psychologist Gary Klein debate the power and perils of intuition for senior executives.more

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Learning to let go: Making better exit decisions

May 2006—Psychological biases can make it difficult to get out of an ailing business.more

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article | McKinsey Quarterly

Distortions and deceptions in strategic decisions

February 2006—Companies are vulnerable to misconceptions, biases, and plain old lies. But not hopelessly vulnerable.more

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Beating the odds in market entry

November 2005—How to avoid the cognitive biases that undermine market entry decisions. more

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Hidden flaws in strategy

May 2003—Can insights from behavioral economics explain why good executives back bad strategies?more

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Strategic leadership

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article | McKinsey Quarterly

How strategists lead

July 2012—A Harvard Business School professor reflects on what she has learned from senior executives about the unique value that strategic leaders can bring to their companies.more

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article | McKinsey Quarterly

Becoming more strategic: Three tips for any executive

You don’t need a formal strategy role to help shape your organization’s strategic direction. Start by moving beyond frameworks and communicating in a more engaging way.more

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article | McKinsey Quarterly

Remapping your strategic mind-set

August 2011—Shake up your thinking by looking at the world from the perspective of a particular country, industry, or company. “Rooted” maps can help you unearth hidden opportunities and threats.more

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article | McKinsey Quarterly

Leadership as the starting point of strategy

February 2005—Even the best strategy can fail if a corporation doesn’t have a cadre of leaders with the right capabilities at the right levels of the organization.more

Summary

Winston Churchill once noted, “However beautiful the strategy, you should look occasionally at the results.” Consider how the art of formulating and executing strategy has evolved along with our rapidly changing world.