Wednesday, February 24, 2010

25 Management Tools from Bain

I was going through a few searches for Strategy tools and hit upon the website of Bain. I learned that every year, Bain conducts a survey of the top strategy tools that corporations use to make their lives simpler. In the 2009 edition of the "Management Tools", Bain listed out 25 or so different management tools. 1. Balanced Scorecard 2. Benchmarking 3. Business Process Reengineering 4. Collaborative Innovation 5. Core Competencies 6. Customer Relationship Management 7. Customer Segmentation 8. Decision Rights Tools 9. Downsizing 10. Growth Strategy Tools 11. Knowledge Management 12. Lean Six Sigma 13. Loyalty Management Tools 14. Mergers and Acquisitions 15. Mission and Vision Statements 16. Online Communities 17. Outsourcing 18. Price Optimization Models 19. Scenario and Contingency Planning 20. Shared Service Centers 21. Strategic Alliances 22. Strategic Planning 23. Supply Chain Management 24. Total Quality Management 25. Voice of the Customer Innovation