As we move into the last week of our stimulating, interactive dialogue, we concentrate on reinforcing the concepts, theories, language, and principles covered in MGT510. We will finish our discussions by concerning ourselves with major trends affecting strategic management.
The Boston Consulting Group (2020) has identified five major trends that will impact the operational context of business for the next decade. These trends are the following:
Since strategic management is about gaining and maintaining competitive advantage, managers will need to be cognizant of these trends, understand the strategic implications for their organizations, and take appropriate actions.
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Please review these trends on the Boston Consulting Group website and perform research to gain a better understanding of the issues that are associated with each of them. After you have completed your review, select an organization with which you are familiar or for which you work currently, and respond to the following items:
Boston Consulting Group. (2020). What will it take to win in the 2020’s? (Links to an external site.) BCG.com.