Do You Already Have a Strategy?
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Picture Dale, a plumber who says yes to every job and still can’t work out why he’s short on cash. And Priya, who runs a food pantry and writes a grant for a tutoring program because the money is there. Do they have a strategy? They’ve got the raw material of one. They made the choices, one by one. They just never saw them as a strategy.
This week’s idea: Strategy isn’t only a plan you write down. It’s the pattern in the decisions you actually make.
In this episode
- Strategy is what you do: Henry Mintzberg and the pattern in your decisions
- A goal is not a strategy: Richard Rumelt’s diagnosis, guiding approach and actions that fit together
- Strategy means saying no: Roger Martin and Michael Porter
- Strategy is a skill: Richard Whittington and strategy as practice
- The 4Cs: concepts, conduct, context, and composition
Try this week: the napkin test
- Write what you think your strategy is, in three sentences.
- List the toughest calls you made this year.
- Compare. Where do your words and your decisions part ways?
Play: Yes Machine, free in your browser at play.mystrategysquad.com
Read: show notes and deeper dives at read.mystrategysquad.com
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Sources
- Mintzberg, H. and Waters, J. A. (1985), “Of strategies, deliberate and emergent”, Strategic Management Journal6(3): 257-272.
- Mintzberg, H. (1987), “The strategy concept I: Five Ps for strategy”, California Management Review 30(1): 11-24.
- Rumelt, R. P. (2011), Good Strategy/Bad Strategy.
- Lafley, A. G. and Martin, R. L. (2013), Playing to Win.
- Porter, M. E. (1996), “What is strategy?”, Harvard Business Review 74(6): 61-78.
- Whittington, R. (1996), “Strategy as practice”, Long Range Planning 29(5): 731-735.
- The 4Cs build on Pettigrew (1987), Moore (1995) and Khalifa (2008). Composition, the fourth C, is ours.
- The title echoes Markides, C. (2004), “What is strategy and how do you know if you have one?”, Business Strategy Review 15(2): 5-12.
Dale and Priya are invented. Their situations aren’t.
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Strategizing Skills without the Suits.