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Purpose

The purpose of this paper is to demonstrate how key strategic decisions are made in practice at successful FTSE 100 companies.

Design/methodology/approach

The paper is based on a semi‐structured interview with Ms Cynthia Carroll, Chief Executive of Anglo American plc.

Findings

The 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/value

The 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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