How To Think, Plan, & Act Strategically…Every Day.
Release Date: 02/28/2022
When To Change Strategy
The Strategic Executive Show
The ability to modify strategy at the right time can literally save or destroy a business. This week, we hear from our special dead guest, Rod Serling, and his narration of The Strategy Light Zone. We talk about a checklist of five moments when it's critical to reevaluate your strategy, how to look for evolution and customer needs, the distinction between strategy and tactics, and what we can learn from Chipotle on increasing the perceived value of a product or brand. You’ll also learn about the five steps to a solid strategy process. What You’ll Hear In this Episode: ...
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Decide, Delegate and Dominate
The Strategic Executive Show
This episode, it’s all about decision-making and delegation, with an appearance from the dastardly Decision Demon and special dead guest Napoleon Bonaparte, one of the greatest strategic minds in history on how he makes decisions. You’ll learn tips and techniques to clarify decision rights, identify the causes of faulty decision-making, and maximize your time through better delegation. What You’ll Hear In this Episode: Resource allocation requires us to make trade-offs. The nine causes of faulty decision making - which one of these does your team fall into most...
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Innovation: Creating New Value
The Strategic Executive Show
When is the last time that you and your team truly created new value for your customers? Today, I share three ways that you can take the concept of innovation and apply an innovative thinking mindset to your daily activities. I welcome dead guest, Leonardo da Vinci, to talk about the importance of observation while innovating, and using a technique called domain jumping to turbo charge your business and escape the mental ruts. You will also learn how to apply the Value Mining Matrix to your business to create new value by exploring customers and their needs in unique ways. What...
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A Strategic Approach To Planning
The Strategic Executive Show
A survey of two thousand executives by McKinsey and Company showed that only 19% of companies have a definite and distinct process for developing strategy. That means for the majority of organizations, strategy development is a random and crisis driven event…if it even happens at all. Today, I’m excited to share with you a proven process for developing strategy. First, I welcome one of the greatest strategic minds in history, Carl von Clausewitz, to share his planning approach, and you’ll also learn how to distill your entire strategic plan into 1-2 pages. Then, I welcome the *almost*...
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How To Think, Plan, & Act Strategically…Every Day.
The Strategic Executive Show
It’s a jam-packed episode as we dive into a proven framework to create a strategic team, and help your team set clear and compelling strategic direction. First, I discuss ways to maximize your strategic leadership potential by reviewing the 3A Strategic Thinking framework. Here you’ll learn to apply several new strategic tools to your business to create more insights, make strategic trade-offs and better align your priorities with your time. I’ll then chat with our dead guest, Dr. Igor Ansoff, considered by many to be the father of strategic management. Finally, I share Dr....
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What is Strategy?
The Strategic Executive Show
Welcome to the Strategic Executive Show. I’m your host Rich Horwath, founder of The Strategic Thinking Institute. In this series, I’ll share tools, tips and techniques to enhance your strategic thinking and planning capabilities to set direction, create advantage and achieve your goals. This week, it’s all about digging into what strategy is at its core, and how to understand and reconnect with its true purpose and meaning. First, I’ll chat with a special guest–Chinese General, philosopher, and author of, The Art of War, Sun Tzu–and by the way, he’s dead–to...
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Trailer
The Strategic Executive Show
Are you strategic? New York Times bestselling author on strategy Rich Horwath shares tools, tips, and techniques to enhance your strategic thinking and planning skills to set direction, create advantage, and achieve your goals. Sometimes he has live guests, and sometimes he has dead guests…tune in to find out who he’s talking about strategy with this episode.
info_outline- Why you should stop people from throwing “strategic” in front of other words to make them sound important
- What does “being strategic” really mean?
- How to stop the villain Jargon Goblin from confusing your team on the common business planning terms
- Today’s dead guest, Dr. Igor Ansoff, known as “The Father of Strategic Management” on how to become more strategic
- Research shows that one-third to one-half of new chief executives fail within their first 18 months.
- If you follow the practice of failing fast and often, you may soon be an unemployed CEO!
- The #1 cause of business failure is…bad strategy.
- The 3A Strategic Thinking Framework: acumen, allocation, and action.
- Nearly half of the activities that managers work on are actually tasks that could be delegated to others.
- The importance of creating an Insight Network and harnessing your people’s insights on a regular basis
- Completing a Decision Inventory to clarify decision rights
- A whopping 71% of executives say their meetings are unproductive and inefficient.
- Developing a Time Tracker to better align your priorities and time
- Dr. Seuss’s take on being strategic?
Quotes/Tweetables:
- “Strategic: possessing insight that leads to advantage.”
- “At the heart of strategy are two components: insight and advantage.”
- “Taking the time to think strategically and plan appropriately will lead you to succeed fast and often.”
- “Strategic decisions are not self-regenerative.”
- “How often do we get caught up in the seemingly endless cycle of fire drills that distracts us from proactively thinking through and focusing on creating and executing our strategies?”
- “Being a strategic leader is not a nice to have these days, it's a must-have.”
- “If your team’s strategic plan is nothing more than a rehash of last year’s tactics smothered in a mountain of customer data and spread out across 75 PowerPoint slides, then grab yourself a frosty, cold can of Insight Hard Seltzer…And please, strategize responsibly.”
Connect with Us!
Rich Horwath’s YouTube Channel
StrategyMan vs. the Anti-Strategy Squad: Using Strategic Thinking to Defeat Bad Strategy and Save Your PlanDeep Dive by Rich Horwath
Elevate: The Three Disciplines of Advanced Strategic Thinking by Rich Horwath
Mentioned :
Harvard Business Review - One-half of Chief Executives Fail Within 18 Months
Harvard Business School Professor Boris Groysberg
Keywords: strategic thinking, strategy, strategic planning, strategic, tactics, goal, goals, objective, objectives, plan, planning, business strategy, business acumen, executive coaching, executive coach, leadership development,, leadership, rich horwath, effective meetings, CEO strategy, CEO coach, jack dorsey, igor ansoff, productive meetings