Your organization’s strategy should be simple and usable. Chris joins Pat and Cody to demystify “strategy”. They share examples of companies who get it right and provide a framework for developing three strategic filters that should provide the context for all decision-making.
Click here to view full sheet for Episode 19 – Making Strategy Simple
Show Notes
Overview of the Six Critical Questions (00:00:41)
Cody outlines the focus on simplifying strategy and the six questions from Pat’s book.
Importance of Question Four (00:01:53)
The discussion emphasizes the significance of question four: “How will you succeed?” as a critical strategic inquiry.
Simplifying Strategy (00:04:15)
The speakers discuss their approach to distilling strategy into three clear and actionable components.
Empowerment in Strategy (00:06:24)
Pat critiques the common misconceptions of empowerment and stresses the need for clarity in strategic decision-making.
Mixbook’s Strategic Anchors (00:16:27)
Introduction of Mixbook as a photo editing product company and its three strategic anchors for differentiation.
Strategic Decision-Making Framework (00:19:00)
How Mixbook uses its strategic anchors to evaluate new product ideas beyond just financial considerations.
The Table Group’s Strategic Anchors (00:21:40)
Overview of The Table Group’s strategic anchors and their evolution over time to maintain a positive work environment.
Market Leadership Choices (00:27:45)
Introducing Fred Wiersema and Michael Treacy’s model on the importance of choosing a singular focus for market leadership.
Operational Excellence in Strategy (00:31:47)
Discussion on operational excellence and its significance in achieving efficiency and scale in businesses.
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