FT calls for more Fred Goodwins!

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So the FT reckons companies just need CEOs with “experience”, not strategic competence. Business leaders, politicians, strategy consultants and business schools have been wringing their hands since the 2008 crash (which was not just about banks), asking how on earth we got into such a mess. The article says no-one saw the recession coming, but fails to note that the corporate sector itself actually created the problem – as it has most other recessions.

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Where was the strategic thinking?

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I’ve been posting on strategy in the downturn for a while now, but what makes me really angry is the strategic incompetence that led to this mess [search ‘incompetence’ for previous posts on this]. But now I’m puzzled – Harvard Business Review, McKinsey Quarterly, Strategy+Business, Economist, etc, etc, are full of advice from strategy experts on how to survive the problem, so I wondered how much they warned folk before that this was likely to happen? .. and how much ...

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