JOURNAL ARTICLE

LEAN STRATEGY MAKING.

  • Published In: Harvard Business Review, 2025, v. 103, n. 3. P. 42 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Mankins, Michael 3 of 3

Abstract

The article focuses on the benefits of standardizing strategic decision-making processes in companies to improve speed, quality, and outcomes. It highlights that many firms treat strategy as unique, nonstandard work, leading to inconsistent, slow, and often suboptimal decisions, as revealed by a Bain & Company survey of 350 executives. Leading companies like Dell and Amgen demonstrate a lean strategy approach involving three stages: setting aspirational performance ambitions and a strategic backlog, rigorously evaluating alternatives and making explicit choices, and continuously monitoring performance with adjustments as needed. This standardized, disciplined process enables organizations to reduce waste, accelerate decision-making, and enhance execution, ultimately improving competitive advantage and business results.

Additional Information

  • Source:Harvard Business Review. 2025/05, Vol. 103, Issue 3, p42
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0017-8012
  • Accession Number:184306469
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