Strategy and Value: The Four Foundations That Drive Long-Term Performance - Hardcover

Über die Autorin bzw. den Autor

TIM KOLLER is a partner emeritus at McKinsey who focuses on value creation across industries and geographies. Over 39 years at the firm, he built many of McKinsey’s value creation capabilities and is an author of all eight editions of Valuation: Measuring and Managing the Value of Companies.

ANDY WEST is a senior partner at McKinsey and global coleader of its Strategy and Corporate Finance practice. In this role, he directs McKinsey’s strategic advisory work on corporate finance, value creation, and capital allocation for organizations across sectors and geographies worldwide.

WHITNEY ZIMMERMAN is McKinsey’s first distinguished expert in strategy. He leads its research and advisory on the capabilities of strategically effective organizations and on the role of the strategy leader. Before joining the firm, he spent nearly a decade in engineering and manufacturing.

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PRAISE FOR STRATEGY AND VALUE

“There’s more data and more noise than ever, and it’s easy to lose sight of the fundamentals. Strategy and Value cuts through it and grounds leaders in what builds durable value over the long term.”
―ED BASTIAN, CEO, Delta Air Lines

“Strategy and value are often treated separately, yet effective executives and investors know they are inseparable. With vivid stories and grounded data, Strategy and Value shows how the two work together and why that connection matters. It is a must-read for anyone seeking to create sustainable, long-term value.”
―MICHAEL MAUBOUSSIN, Head of Consilient Research for Counterpoint Global, Morgan Stanley

“At a time when leaders have more tools and analysis than ever, Strategy and Value provides a practical framework and a powerful reminder that smart choices, disciplined execution, and a long-term orientation drive superior performance and enduring benefits for all stakeholders.”
―MICHAEL FISHER, former CEO, Cincinnati Children’s Hospital Medical Center

“The most enduring companies are built with purpose and sustained with discipline over decades. Strategy and Value gives leaders rigorous foundations for creating value that lasts.”
―ALEX GORSKY, former Chairman and CEO, Johnson & Johnson

Aus dem Klappentext

As AI transforms the way the world does business, a firm grasp of how strategy creates value is becoming more important, not less. In Strategy and Value, McKinsey distills decades of advisory work and research, insights from the eighth edition of its acclaimed Valuation handbook, and broader scholarship into memorable, actionable management practices for leaders at every level.

Strategy and Value grounds readers in four foundational concepts:

• Drive value through return on invested capital and revenue growth
• Manage for the long term rather than the short term
• Harness the attractiveness of the markets you choose to compete in
• Build true competitive advantage

The book demonstrates how each foundation shapes real strategic decisions across an organization.

The authors also explain how the four foundations apply to the challenges executives face today, from AI and corporate stewardship to M&A and managing investor expectations. A candid examination of stock market myths, the biases that distort decision-making, and the work of mobilizing an organization to execute strategy equips leaders to confront the organizational realities that often undermine value creation. Practical applications throughout bring theory to life and provide clarity on what works and why.

Written for anyone who influences an organization’s strategy―from CEOs and CFOs to leaders in strategy, finance, product, and operations―Strategy and Value offers a focused and rigorous resource for using strategy to unlock long-term performance. Whether evaluating capital allocation priorities, assessing potential acquisitions, or setting broad organizational direction, readers will find an evidence-based guide for grounding every strategic choice in the foundations that enable strategy to create exceptional value.