Chapter 17 - Current trends in strategic management. This chapter presents the following content: The new economy, new directions in strategic thinking, redesigning the organization, new modes of leadership. | Current Current Trends Trends in in Strategic Strategic Management Management OUTLIN E The New Economy New Directions in Strategic Thinking Redesigning the Organization New Modes of Leadership The The Turbulent 21st Century Turbulent 21 st Century Collapse Collapseof ofNew New Corporate Corporate Scandals Scandals Economy Economy Enron Enron WorldCom WorldCom Parmalat Parmalat bubblebursts bursts Jack Jack Welch s retirementpackage Welch s retirement package TMT recession TMT recession International War War competition intensifies Invasion Invasionof ofAfghanistan Afghanistan China as Workshop of the World amp amp Iraq Iraq Outsourcing to LDCs Civil Civil was inCongo was in Congo Liberia Liberia Sudan Sudan The TheCurse Curseof of Decline of Terrorism Multilateralism Terrorism Collapse of Doha round Sept. 11 2001 2001 Trade wars between US EU China Age Ageof of Suicide Suicidebombings bombingsin Weakening of UN Israel Iraq Saudi in Disbelief Disbelief Israel Iraq Saudi Arabia Arabia Turkey Turkey Afghanistan Fear Fearof of Disease Disease Afghanistan Unstable Unstable SARS SARS Mad MadCow Cow Bird Bird Currencies Currencies Flu Flu US US declines declinesby by gt 50 gt 50 against against Euro Euro2002-04 2002-04 US USLabor LaborProductivity Productivity Changes ChangesininNon-Farm Non-FarmOutput Output per perHour Hour Worked Worked from from Year Year ago ago Quarter Quarter 1995-2003 1995-2003 7 6 5 Q1 Q2 4 Q3 3 Q4 2 1 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 Source Bureau of Labor Statistics Return Returnon onEquity Equityof of US USManufacturing Manufacturing Corporations Corporations 1990-2003 1990-2003 18 16 14 12 10 ROE 8 6 4 2 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Source US Bureau of the Census The The value value of of mergers mergers and and acquisitions acquisitions worldwide worldwide 4 3 2 trillion 1 0 1990 1992 1994 1996 1998 2000 2002 Source Thomson Financial .
