Dive into the heart of innovation, strategy, and reinvention with our latest episode on Mike Beer’s ‘Fit to Compete.’ Uncover the silent killers of strategy execution and how to overcome them, featuring insights from leaders and case studies like Hewlett Packard. Perfect for leaders, innovators, and anyone looking to transform their organizational culture for strategic success. Tune in to transform challenges into victories with actionable insights
Join us in ‘Fit to Compete, Part 2’ where Michael Beer, the renowned expert in corporate strategy, delves into the crucial elements of business innovation and transformation. This episode offers insightful discussions on strategic fitness, the power of honest conversations, and the roles of leadership and culture in driving organizational change. Featuring a case study on Becton Dickinson, Mike highlights the essentiality of aligning strategy with internal communication for corporate success. Perfect for professionals and leaders seeking guidance in the dynamic world of business.”
Main topics with timestamps:
- Strategic Fitness Process – [00:00:00]
- Long-Term Investment Challenges – [00:13:00]
- Impact of Company Culture and Leadership – [00:30:00]
- Role of Succession Planning – [00:43:00]
- Becton Dickinson Case Study – [00:51:00]
- Transformative Leadership and Values – [00:57:00]
- Innovation in Corporate Strategy – [01:03:00]
- Conclusion and Key Takeaways – [01:10:00]
Articles mentioned in the episode: The Great Training Robbery https://www.hbs.edu/ris/Publication%20Files/16-121_bc0f03ce-27de-4479-a90e-9d78b8da7b67.pdf
Find Mike Beer: https://www.beermichael.com
Â
Fit to Compete – Why Honest Conversations about Your Company’s Capabilities Are the Key to a Winning Strategy
In part 1, we set the context for the book and discuss:
- Mike’s background and inspiration for the book.
- The problem of organisational silence and how it hinders strategic execution and transformation
- The concept of strategic fitness and how it helps organizations align their strategy and culture
- The process and benefits of holding honest conversations with everyone in the organization
- The challenges and barriers of overcoming the silent killers, such as fear, hierarchy, and complacency
- The vision and courage to create a culture of corporate stewardship and continuous learning.
Find Mike here:
https://www.beermichael.com
Â
Join us as Paolo Gallo introduces “The Seven Games of Leadership,” a groundbreaking guide that invites listeners to reassess their priorities both professionally and personally. This episode is not about climbing the corporate ladder; it’s about finding genuine satisfaction in what you do and making a positive impact on the world.
[TLDR: Adaptability in the face of change is paramount for leaders seeking long-term success. Yet, a cognitive bias known as “target fixation” can inadvertently obstruct the ability of business leaders to spot crucial signals of necessary—even lifesaving—change in the business environment.]
The ‘private lawn’ is the ability to have the time and space to plan, think and grow. For some of us, daily survival consumes all our time and energy, leaving no room for strategic thinking or planning. Few organisations carve out the time to plan, strategise and think about long-term goals and objectives.
As business leaders, creating an environment where everyone can access their ‘private lawn’ – a space for growth, planning, and forward-thinking is crucial. However, we must also plan by priority.
In The Hidden Spring, our guest Mark Solms does not dive too deeply into Karl Friston’s mathematics. As you will discover, he summarises its implications, describing Friston’s free energy as a quantifiable measure of how a system models the world and how it behaves.
It is a pleasure to welcome the author of The Hidden Spring: A Journey to the Source of Consciousness, Mark Solms. In this episode, we talk about the brain’s prediction system.
Â
00:00:00.000 Introduction and Overview of the Chapter
00:03:30.388 Establishment of the Meteorology Department
00:11:59.546 The Fundamental Task: Minimizing Free Energy
00:15:43.370 Feelings: Connecting Us to Our Ancestors
00:19:36.790 Neglecting the inter-receptive and extra-receptive in cognitive science
00:22:30.002 The brain’s attempt to contain environmental effects on the organism
00:31:32.675 Innate Predictions: Fear and Instinctual Behaviors
00:34:19.723 The Evolution of Responses and Predictive Model Complexification
00:42:59.118 The Brain: Ones and Zeroes, Predictions and Errors
00:54:18.834 The Brain as an Organization
00:59:57.338 Emotional Needs and Scripts
Resisting entropy is a fundamental function of living things. Similarly, organisations that resist change become victims of entropy, disrupting the balance of their systems and tipping the scales towards entropy. Maintaining homeostasis is not an event. It is a continual process. Maintaining success requires effort, constant renewal and permanent reinvention.
Homeostasis refers to the maintenance of relatively constant internal conditions in an organism. For example, we maintain an average body temperature of about 98.6°F (37°C). In a cold environment, we shiver to return to our ideal body temperature. We fan ourselves or find other means to restore homeostasis in a warm climate. This delicate balance within biological systems is the hotbed of existence.