McKinsey's Group Strategy Framework: Portfolio, Control & HQ Value
This article analyzes McKinsey's approach to group-level strategic management, distinguishing it from business-unit strategy. It identifies four common pitfalls — reluctance to make trade-offs, equating control with approval, uniform metrics across diverse businesses, and strategy-execution disconnect — and presents a three-pillar framework: differentiated portfolio management, matched control models, and explicit headquarters value creation.
