Today′s managers have an unprecedented opportunity to transform the capacity of companies, harness the talents of people and deliver value to customers. Managerial productivity could be increased by a factor of ten or more. This is not wild speculation, but a tantalizing prospect.

An analysis of the strategies and structures of original equipment manufacturer (OEM) firms, consisting mainly of automobile firms but also including manufacturers of white goods and grey goods. The study has been going on for the last ten years and included perceived strategies on the...