At the International System Dynamics Conference held in Boston, MA, 17-21 July 2005, Kim Warren,
our founding Director, was awarded the Jay W. Forrester Prize for his book "Competitive Strategy Dynamics".
The prize is awarded for the best contribution to the field of system dynamics published in the preceding five years.
"Competitive Strategy Dynamics" has been superceded by Kim's new textbook "Strategic Management Dynamics"
Kim's acceptance presentation had the following main messages:
- Management has one over-riding concern - improving future performance ...
- ... and performance depends on the resources available [customers, staff, etc.].
- These resources build up and decline over time...
- ... so management's key challenge is to control this process
- ... which is not easy, because of the interdependencies involved
The talk explains some of the challenges that arise for management, especially understanding
'what causes what, and why'. It demonstrates how, when these principles are put together, management
can put together a 'performance panel' for their business - a diagram that shows how changes in key parts
of the business combine to drive performance. From this foundation, the management team can sketch
out strategic options and evaluate the alternatives.
Since this award "Strategic Management Dynamics" has been published. This textbook seeks to build on Competitive Strategy Dynamics
and to make clearer links with established strategy teaching. Chapter summaries are on our book resource pages.
This series of videos were created from Kim's acceptance speech. Part 2, the case example, is a useful starting point for people new to strategy dynamics.
Free registration on this site gives you access to:
- Thanks (3 min)
- Case Example ( 25 min, indexed )
- Implications for Strategy (14 min, indexed)
- Contribution of System Dynamics (14 min, indexed)
- What next
Slides (PDF format)
Download the mystrategy models (zipped)
Download mystrategy Reader
Strategic Management Dynamics (2008) –
The latest textbook by Kim Warren