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Chapter 1

Characterization of the strategy consulting industry comes from the book by Walter Kiechel and book review by Garry Emmons of The Lords of Strategy, about the founders of the well-known strategy consulting firms.

The Boston Consulting Group had developed two famous quantitative models well before Porter’s tools, the portfolio matrix model and the experience curve, which were both cash management tools. Porter’s book added competition to the mix and offered the generic strategies.

The information on Jack Welch comes from a variety of web pages, including GE’s corporate site, Encyclopedia.com, a BusinessWeek profile, and the Economist ...

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