Cynthia Montgomery is the Timken Professor of Business Administration and immediate past head of the Strategy Unit at Harvard Business School, where she’s taught for 20 years. For the past six years, she has led the strategy track in the School’s Owner, President, Manager Program, attended by leaders of midsize companies from around the globe. Her latest book is The Strategist.
EL: Why write about strategy?
Montgomery: Over the past 25 years, we’ve had big breakthroughs in the way we think about strategy, in that we better understand competition and the structural characteristics of industry. That’s what has allowed consulting firms to make a big leap forward in helping executives formulate strategy.
But there was an unintended consequence to all this: We lost thedimension—and the human dimension—of strategy.
EL: What do you mean by “the human dimension” of strategy?
Montgomery: I mean that CEOs are ultimately re...(register to read more)