What The Heck Is Strategy?
Jul 31 2012
I think about strategy often. It may not be apparent from my random, non-strategic blog posts, but I think about it in corporate and sometimes personal terms. Most of my roles since grad school have required strategic thinking. It’s an art and a science and sometimes I find that I make decisions without having full detailed analysis to support them and the result is good and sometimes I do tons of analysis and they don’t turn out the way I’d hoped. The best is where I’m able to get a lot of good black & white data and combine it with observation of the situation along with referencing my past experiences. I believe strategy is a lot about pattern recognition. The best way to recognize patterns is from living life and facing many challenges. The next best way is to do a ton of reading and case analysis. The ideal is to have experience in both.
We are working on some strategic initiatives at work (yes, I have a new job and it’s awesome) and my boss sent me a link to How strategists lead, by Cynthia Montgomery (Harvard professor), in the McKinsey Quarterly. You have to register to get access, but it’s well worth it. Key takeaways for me from the article are: “The only way a company will deliver on its promises, in short, is if its strategists can think like operators.” And “It is the leader—the strategist as meaning maker—who must make the vital choices that determine a company’s very identity…”
I’ll be blogging more about my new role in the near future.Author: Aruni | Filed under: entrepreneurship | Tags: cynthia montgomery, leadership, McKinsey Quarterly, strategy | 4 Comments »