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:
Mastering the new
logic of competition
Designing the company
of the future
Applying the science
of organizational change
Embracing the business
imperative of diversity
Optimizing for both
social and business value.
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.
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:
1. Which of these trends might exert the largest
influence on your chosen organization’s operations over the next 5 to 10 years?
2. Which of these trends might be the most
difficult for the managers in your chosen organization to accommodate? Why?
3. How should the managers alter the
organization’s current strategies or adopt entirely new strategies based on the
likely impacts of these trends? What changes might be required?
4. How might these trends influence your career
choices over the next 5 to 10 years?
Boston Consulting Group. (2020). What will it take to win in the 2020’s? (Links to an external