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Wednesday, August 02, 2006

Making Time for Strategic Thinking

If you want to make a difference as a leader, you've got to make time for strategy.

Michael Porter, Harvard's guru of strategic thinking, is covered in this FastCompany article.

Among the gems in this article:

  • Business keeps moving faster -- but you better make time for strategy
  • Of course strategy is hard -- it's about making tough choices
  • Technology changes, strategy doesn't
  • Strategy hasn't changed, but change has
  • Beware the myth of inflection points
  • Great strategists get a few (big) things right
  • Great strategies are a cause

BOTTOMLINE: "The chief strategist of an organization has to be the leader -- the CEO. A lot of business thinking has stressed the notion of empowerment, of pushing down and getting a lot of people involved. That's very important, but empowerment and involvement don't apply to the ultimate act of choice. To be successful, an organization must have a very strong leader who's willing to make choices and define the trade-offs. I've found that there's a striking relationship between really good strategies and really strong leaders."

(Tip of the hat to the good folks at MBA Depot)

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