Search Captions & Ask AI

Does Your Strategy Need a Strategy Part 2

November 04, 2015 / 08:45

This episode discusses leadership in strategy, focusing on adaptive environments, ambidextrous organizations, and the relationship between strategy and implementation. Key topics include the eight facets of leadership necessary for effective strategy execution, the importance of questioning, and the need for different approaches to strategy based on the environment.

The conversation highlights the challenges faced by leaders in adapting to unpredictable environments, emphasizing the need for leaders to coach, disrupt, and deploy the right people for various strategic approaches. The discussion also touches on the significance of experimentation and how action can precede strategy in adaptive contexts.

Additionally, the episode introduces a game designed for the iPad that simulates different strategic environments, allowing users to experience and learn about various approaches to strategy through gameplay. This innovative tool aims to help leaders develop a better understanding of adaptive strategies.

The episode further examines the difficulties large corporations face in transitioning from established strategies to new, innovative ones, stressing the importance of timing and the need for rejuvenation within organizations.

Overall, the conversation underscores the evolving nature of leadership and strategy in modern business, highlighting the necessity for adaptability, experimentation, and a diverse approach to strategic thinking.

TL;DR

Leadership in strategy requires adaptability, experimentation, and diverse approaches for success in unpredictable environments.

Episode

8:45
00:00:04
we also deal with leadership in the book
00:00:06
what why would we begin with leadership
00:00:08
in a book on strategy it's because we're
00:00:10
interested in the in winning outcomes
00:00:13
the the whole point of strategy and that
00:00:15
requires the execution and the
00:00:18
orchestration of these approaches in the
00:00:19
ambidextrous organization now the
00:00:22
problem is that the classical model of
00:00:24
leadership cascading instructions based
00:00:27
on experience and judgment down a
00:00:30
hierarchical organization and then
00:00:32
managing execution against those
00:00:33
instructions
00:00:34
what's perfectly fine in a classical
00:00:36
environment but it won't work in say an
00:00:39
adaptive environment that is much more
00:00:41
unpredictable and it's simply not
00:00:42
possible for the leader to be having a
00:00:46
stable instruction set and so that the
00:00:48
question becomes how does a leader
00:00:50
animate the collage of approaches
00:00:53
multiple approaches across an
00:00:54
organization and in the book we deal
00:00:56
with eight facets of leadership that
00:00:59
need to be taken into consideration in
00:01:01
the new environment let me just touch on
00:01:04
a few of them so firstly somebody needs
00:01:06
to diagnose and segment these different
00:01:09
approaches to strategy which approach to
00:01:10
strategy in which part of the
00:01:11
organization and somebody needs to
00:01:13
disrupt in other words somebody needs to
00:01:16
say yes that as approach to strategy is
00:01:19
not the approach that we need right now
00:01:21
somebody needs to coach and deploy pick
00:01:24
the right people and develop the right
00:01:26
people to be deployed against the right
00:01:28
approach to strategy because each
00:01:30
requires a different cognitive skill set
00:01:33
and we talked about the need for
00:01:40
Inquisition for questioning namely where
00:01:44
we can't have a stable instruction set
00:01:46
sometimes the best we can do is to ask
00:01:48
really great questions so leaders need
00:01:49
to be really good at getting to the
00:01:51
bottom of things by by asking the right
00:01:53
questions so if you like we define the
00:01:56
skill set of the ambidextrous leader
00:02:01
the title of the book is your strategy
00:02:03
needs a strategy mentions the word
00:02:04
strategy twice but in fact the book is
00:02:06
not about strategy
00:02:08
it's about effective strategy in other
00:02:10
words it's about obtaining the winning
00:02:12
outcomes which are the very reason why
00:02:13
we use the word strategy in the first
00:02:15
place and therefore necessarily we need
00:02:18
to think also about implementation
00:02:20
now just as we've said that strategy is
00:02:22
not one thing we think that
00:02:24
implementation is not one thing the
00:02:26
actions were required to implement
00:02:27
strategies vary according to the
00:02:30
situation and not only that but the
00:02:32
relationship between implementing and
00:02:35
strategizing also varies according to
00:02:38
the environment so let me give you two
00:02:40
examples in the classical environment
00:02:42
the strategizing may consist largely of
00:02:45
analyzing opportunities and deriving a
00:02:49
plan and the implementing may consist of
00:02:52
remote execution against that stable
00:02:55
plan and performance monitoring of that
00:02:57
execution against the plan let's think
00:03:00
about that software company this
00:03:03
implementing adaptive strategy really
00:03:06
the equation is turned upside down and
00:03:07
inside out because it starts with
00:03:10
experiments from empowered employees at
00:03:13
the coal face of the company trying new
00:03:16
things and some of those new things work
00:03:18
and are picked up and communicated and
00:03:21
amplified and what a strategy strategy
00:03:23
is the continuous stream of improved
00:03:26
ideas the results from those actions so
00:03:30
in this particular case strategizing
00:03:32
cannot be separated from action and
00:03:34
actually the action the experiment comes
00:03:36
before the strategy the strategy is a
00:03:38
result of the implementation if you like
00:03:41
and if we went through each of the
00:03:43
styles of strategy you'd find that this
00:03:45
relationship between strategy and
00:03:47
implementation and the nature of
00:03:48
implementation varies in each case so
00:03:52
what we really need is not just
00:03:55
different approaches to strategizing in
00:03:56
different environments but different
00:03:58
approaches to strategizing implement a
00:04:00
implementing innovation culture
00:04:05
leadership of all aspects of business in
00:04:07
each environment
00:04:12
so in the process of writing the book we
00:04:15
had a little strategic problem of our
00:04:16
own in fact two problems one of them is
00:04:18
that our research showed us that CEOs
00:04:22
would probably be interested in what we
00:04:24
had to say but they may not read the
00:04:27
whole book we needed a more concise form
00:04:29
of communication the second inconvenient
00:04:33
truth was that we found that in our
00:04:36
survey 150 multinationals we found that
00:04:39
the right beliefs about the environment
00:04:42
and about the choice of approach to
00:04:44
strategy did not correlate perfectly
00:04:46
with the right behaviors so if you like
00:04:48
understanding was insufficient necessary
00:04:51
but insufficient to be doing the right
00:04:53
things so the solution to this was
00:04:56
really two things the first one was to
00:04:57
write a very compact first chapters of
00:05:00
the book that could be read in its own
00:05:02
right and the the second one was to
00:05:06
build a game a game for the iPad where
00:05:11
we led with experience so the game is
00:05:14
quite a fun game we take the five
00:05:16
boroughs of New York New York where I
00:05:17
happen to live why New York because it
00:05:20
has five there's the number of
00:05:21
approaches to strategy and the idea is
00:05:23
to win against a fictional opponent
00:05:27
called Bruce who is named after a
00:05:28
founder Bruce Henderson a great
00:05:30
strategist in in selling lemonade from a
00:05:34
lemonade stand in each of these
00:05:35
environments and the tricky part is that
00:05:37
Bruce is a raised fierce component and
00:05:39
each environment requires you to not
00:05:43
only think but more importantly to act
00:05:45
out a very different approach to
00:05:47
strategy so through experiencing these
00:05:51
different environments you develop a
00:05:52
muscle memory for what an adaptive
00:05:54
strategy feels like for what a visionary
00:05:56
strategy feels like and then you can go
00:05:59
backwards into the content you can ask
00:06:01
what happened in that game you can read
00:06:04
a little bit about the particular
00:06:05
approach to strategy that was required
00:06:07
in that particular environment and you
00:06:09
can even click through and and and by
00:06:11
the book if you're interested so that's
00:06:12
the idea of the game
00:06:17
many of the approaches that we detail in
00:06:19
the book may be challenging but not so
00:06:22
challenging if you're doing them afresh
00:06:23
if you're doing them as as a startup
00:06:26
if you're a ecommerce company and you're
00:06:28
putting place a digital marketplace it
00:06:32
may be hard in its own right but you you
00:06:34
don't have to negate the past to do so
00:06:36
large corporations have a challenge on
00:06:39
top of that which is they have to move
00:06:42
away from over previously successful
00:06:44
recipe and adopt a newer unknown one and
00:06:47
they have to pick the right timing and
00:06:49
the rate of progression in doing so and
00:06:53
that's that's that's a really hard
00:06:54
problem on many dimensions so you might
00:06:57
call it rejuvenating the corporation
00:06:59
I think the first success factor is to
00:07:02
is to really understand that need so the
00:07:07
the analysis in the book shows quite
00:07:08
clearly that the durability and the
00:07:11
value of leadership positions is
00:07:13
increasingly tenuous so there really is
00:07:15
a need for large corporations to to look
00:07:18
ahead at new ways of doing strategy and
00:07:22
the second one is to is to revile the
00:07:25
problem down because you can't change
00:07:27
everything everywhere and we've said
00:07:29
that it boils down to three essential
00:07:31
capabilities one of them is the
00:07:33
capability of adaptiveness or
00:07:35
experimentation the second one is the
00:07:37
capability of shaping which is not just
00:07:40
participating in environments but
00:07:41
actually shaping ecosystems and the
00:07:44
third one is ambidexterity which is
00:07:46
comfort with diversity comfort with a
00:07:50
mosaic of approaches rather than a
00:07:53
single monolithic approach we we
00:07:56
recently saw the announcement that
00:07:57
Google was dividing itself into pieces
00:08:00
under a new holding called
00:08:02
alphabet and this is a great example
00:08:04
actually of structural ambidexterity and
00:08:09
all of this has to be managed not only
00:08:12
as a change in the organization but
00:08:15
change in people's minds - it requires
00:08:16
familiarity with new ways of thinking
00:08:19
that hopefully we we detail in the book
00:08:39
you

Episode Highlights

  • The Ambidextrous Leader
    Leaders must adapt to a collage of strategies in unpredictable environments.
    “How does a leader animate the collage of approaches?”
    @ 00m 48s
    November 04, 2015
  • Strategy vs. Implementation
    The relationship between strategizing and implementing varies by environment.
    “In adaptive strategy, action comes before strategy.”
    @ 03m 38s
    November 04, 2015
  • Rejuvenating Corporations
    Large corporations face challenges in adopting new strategies while moving away from past successes.
    “You might call it rejuvenating the corporation.”
    @ 06m 54s
    November 04, 2015

Episode Quotes

  • Sometimes the best we can do is to ask really great questions.
    Does Your Strategy Need a Strategy Part 2
  • Strategy is not one thing; implementation is not one thing.
    Does Your Strategy Need a Strategy Part 2
  • The durability and the value of leadership positions is increasingly tenuous.
    Does Your Strategy Need a Strategy Part 2

Key Moments

  • Leadership Challenges00:06
  • Adaptive Strategy00:39
  • Game Development05:06
  • Corporate Rejuvenation06:59

Words per Minute Over Time

Vibes Breakdown

Related Episodes

Management 101: The Marriage of Strategy and Leadership
October 11, 2016
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
25:26
Management 101: The Marriage of Strategy and Leadership
Does Your Strategy Need a Strategy Part 1
September 28, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
11:46
Does Your Strategy Need a Strategy Part 1
The New Rules of Leadership in an Age of Constant Disruption
March 20, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
14:23
The New Rules of Leadership in an Age of Constant Disruption
How Leaders Shape the Future
March 13, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
09:10
How Leaders Shape the Future
Why Leaders Need to Continuously Update Their Leadership Toolkit
January 13, 2026
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
18:49
Why Leaders Need to Continuously Update Their Leadership Toolkit
'Kill the Company': Identify Your Weaknesses Before Your Competitors Do
December 17, 2012
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
09:55
'Kill the Company': Identify Your Weaknesses Before Your Competitors Do
The Job of Change
July 01, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
27:56
The Job of Change
Why First Book Is a Model for Social Enterprises
February 15, 2017
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
23:59
Why First Book Is a Model for Social Enterprises
How Should Companies Manage Millennials?
March 05, 2015
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
33:42
How Should Companies Manage Millennials?
Leadership: Mark Shapiro, Cleveland Indians
April 10, 2013
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:28
Leadership: Mark Shapiro, Cleveland Indians
For the Win: Using Connected Strategies to Gain a Competitive Advantage
May 20, 2019
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
30:41
For the Win: Using Connected Strategies to Gain a Competitive Advantage
Building High Performance Teams – How-To Tips from Wharton Fellow/Author
March 16, 2016
Captions not detected. You can watch the video, but not search it. If you think this is an error, contact support.
15:41
Building High Performance Teams – How-To Tips from Wharton Fellow/Author