What defines a good strategy? What does it mean? Strategy may be one of the most overused and subsequently confusing subjects in practically any realm we encounter. We hear about so many categories of strategy, that subjectivity has overcome objectivity …
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Ever hear of Werner Heisenberg? Unless you are one of those people (confessed addict here) that is curious about lots of stuff, in this case quantum mechanics, you may not really care.
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It has been one year since the economic tsunami swept across our world. There were lots of financial volcanoes bubbling with excitement, building pressure and spilling over. It became very evident that we did not have lots of volcanoes, but rather outlets under a sea of molten financial foundations with unstoppable pressures. In panic, some of the eruptions were temporarily plugged with financial corks, borrowed from our future, but a big one went and blew up. In the Straits of Wall Street, our own Krakatau, aka Lehman Brothers blew its top, exploded and sent a blanket of financial darkness around the world.
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Planning has lots of meanings. Often, planning is a bridge between intent and action. That means once we want to accomplish something, get somewhere, achieve a goal, make a number, change, transform, grow, shrink, acquire, dispose, win, or a myriad of end states, we spend time some effort wrestling with the how to (plan) achieve the aforementioned intent (vision). The vision is described with adjectives and nouns, but the plan needs verbs to have any useful meaning. If the vision is big and farther out than the budget, the plan is often called strategic. If the vision looks out as far as the budget, the plan is often called business. The vision creates provide promise and the plan provides confidence to achieve the promise. Planning is getting harder to do.
I’ve often heard the term, “You are what you eat.” I suspect that some of that may be true. If you’ve read Michael Pollan’s “The Omnivore’s Dilemma” you may conclude that we are more corn than anything else.
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How many times have we crossed the Rubicon, our very own River Rubicon? When Julius Caesar crossed the River Rubicon in 49 BC, it was an act of commitment to war with Rome, a point of no return, a decision to follow through without looking back. It was, in fact a decision that changed the course of history and our world as it is today
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I get really excited when a new idea somehow gets into my head. It may not be original thought, as some of our ideas have been waiting around for millennia or a chance to germinate. Some died an earlier life where circumstances may have starved it. Some were just bad ideas. But when I think I’ve got a good one, I get charged up and stay up all night trying to give it legs.
I always want others to like it and in some way, feed my ego. I have wanted it a lot, so I did not push hard on others to tell me why they did not like it, or seek skeptics for hard-to-take feedback. I’ve been lucky to have learned that my approach was dumb-dumb. My first question should have been, is this worth my time? Then, should I pursue this idea and invest in it? Do I have an understanding of the nature of constraints and obstacles I will need to resolve and overcome? At what point in my development process do certain questions and answers belong? Can I objectively differentiate opportunity from stubbornness or obsession? It’s not nearly as bad as those (in the field of megalomania) who exhibit the attitude with others that, “You just don’t get it. Why can’t you see I’m right all the time?” If we’re lucky, Darwin is taking care of some those guys.
I confess that I find the questions may be to easier ask and more difficult to answer.
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Our customers make us better! Have you heard that phrase? When I have, the translation that emerges is that our customers sometimes have to drag us into improvement. In fact, it often means that we become aware of the needs to improve from feedback and complaints. Someone might argue that we sometimes innovate from negative feedback
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A must read chapter is “Battle of the Nile.” For me, it resonates with the importance of knowing your competition and your real estate (where you are competing), planning, innovation, and most of all, empowering your team to win. It also serves as a vivid example of how much the rigid controls of an adversary created wonderful opportunities for execution with agility and surprise.
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“Once Upon a Time … and Then They Lived Happily Ever After”
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Your couch. It is mine.
Im a cool paragraph that lives inside of an even cooler modal. Wins
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