Conclusion

Abstract

This chapter returns to the high-level assumptions that motivated the writing of this book which include: (1) the field of strategy in the current day and age has become more relevant (not less); (2) strategic management should be practiced by more people (not fewer, and certainly not solely by those at the top of the organization; (3) strategy’s functional domain should be broadened (not narrowed); and (4) anyone with career ambition in the business world needs to become a strategist. It also discusses the option of combining multiple tools and offers advice on how this can be done. We note that there is no magic set of combinations that always works. Part of the learning experience in becoming a good strategist is learning when and how to apply certain tools in combination. As with many things in life, practice makes perfect. The chapter concludes with discussing the next frontier in strategic management.