Risking the ire of investors in pursuit of long‐term value

NicholasO'Regan1, AbbyGhobadian2
1University of the West of England, Bristol, UK
2Henley Management College, Henley‐on‐Thames, UK

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PurposeThe purpose of this paper is to demonstrate how key strategic decisions are made in practice at successful FTSE 100 companies.Design/methodology/approachThe paper is based on a semi‐structured interview with Ms Cynthia Carroll, Chief Executive of Anglo American plc.FindingsThe interview outlines a number of important factors on: the evolution of strategy within Anglo American, strategy execution, leadership at board and executive levels, and capturing synergies within the company.Originality/valueThe paper bridges the gap between theory and practice. It provides a practical view and demonstrates how corporate leaders think about key strategic issues.

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