What does it take for a leader to think strategically? You’d hope you didn’t need to ask this question as it should be a core capability. It’s often not as they focus on workplace culture or commercial tactics, both of which are important too. But it’s critical to a clear view as to where the organisation needs to move towards, whom it should serve and how, and how to win you. That way you can build the capabilities, identify the resources and systems you need, and evolve your culture.
In this interview Rita McGrath, a professor at Columbia Business School, tells me that strategy is more important than ever given the complexity and uncertainty we face. But its practice needs to change, away from the closed, top-down approach that characterises many traditional organisations. She talks eloquently about the importance of leaders getting out to the edges of their organisation to spot inflection points and pick up weak signals of change. She also highlights some fascinating practice at Microsoft and Klockner, focusing on how they encourage new and different voices to share their perspectives on where to take the business.
For more details about Rita and her work check out her excellent website: [ Ссылка ]
Her latest book 'Seeing around Corners: how to spot inflection points in business before they happen': [ Ссылка ]
Her weekly Thought Sparks: [ Ссылка ] and podcast: [ Ссылка ]
00:00 Start
00:27 What it takes for leaders to see their world(s) differently.
01:57 What the covid-19 crisis has meant for the role, and importance, of strategy
02:40 The role of a leader in the modern age.
04:44 How to sustain and scale experimental-learning.
05:55 Personal experience at a leadership team meeting in Microsoft.
07:40 Great example of a company that “gets out to the edges”.
08:34 How the CEO Klockner busted through bureaucracy to forge more direct communication.
10:33 The role AI can play in strategy.
12:54 Her motivations for pioneering the development of strategy tools and tech
15:45 Where innovation and strategy gets “gummed up” in companies.
18:46 The three areas of work from others she’s most interested in: Foresight, psychological safety, ecosystems.
21:27 Examples of successful and unsuccessful ecosystems
25:11 The power of putting innovation at the core of strategy – and some examples.
In this series of interviews I want to get under the skin of topics relevant to leaders – developing strategy, pursuing growth opportunities, responding to disruption, evolving their culture.
I talk to executives, entrepreneurs and management thinkers from all over the world. I challenge them to be clear, precise and simple in what they say! And I want them to leave us with ideas we can action.
Links to further resources
Every Leader Has Flaws. Don’t Let Yours Derail Your Strategy (HBR): [ Ссылка ]
5 strategies to infuse diversity & inclusion into your organisation (HBR): [ Ссылка ]
4 actions transformational leaders can take (HBR): [ Ссылка ]
Four building blocks of transformation (S+B): [ Ссылка ]
How to be a visionary leader and still have a personal life (HBR): [ Ссылка ]
How to practise strategy in an uncertain world (Strategy+Business): [ Ссылка ]
10 principles of strategic leadership (S+B): [ Ссылка ]
How to reinvent your organisation in the middle of a crisis (HBR): [ Ссылка ]
How to convince people that a crisis is also an opportunity (Forbes): [ Ссылка ]
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