In this episode, we explore the emergent approach to strategy with Peter Compo, focusing on how truth and perception shape decision-making and the importance of internalizing frameworks. We dive into the Strategy Alternative Matrix (SAM), the balance between creativity and structure, and why gradual, thoughtful change is key to effective strategy.
Peter Compo discusses the nuances of executing strategy, focusing on discipline, adaptability, and innovation. Learn how to distinguish execution from strategy, with real-world examples from business, sports, and music.
Join Peter Compo as he breaks down the ‘Five Disqualifiers of Strategy’ in this insightful episode. Learn how to evaluate your strategic framework and avoid common mistakes in business strategy design. Perfect for innovators and strategists looking for real-world applications.
Join Annie Duke to explore her bestseling book, Thinking in Bets, linking NFL strategies, poker psychology, and decision-making in business. Learn how to improve decision quality, manage uncertainty, and apply cognitive science to innovation and risk assessment.
In this episode, Peter Compo discusses the limitations of traditional strategic frameworks and offers insights into how organizations can embrace an emergent approach to overcome innovation challenges. Learn about the power of central rules in guiding real-time decisions and unifying actions.
Solving Innovation’s Killer Problems with Peter Compo: The Emergent Approach to Strategy Part 3
In this episode of ‘The Innovation Show,’ we continue our exploration of the emergent approach to strategy with expert Peter Compo. Delving into the critical challenges of change and innovation, the discussion centers on how high-level aspirations are influenced by disciplined actions at low levels. Peter outlines ‘killer problems’ in innovation such as the volume of choices, time delays between actions and outcomes, and external influences. Through the use of influence diagrams and practical examples, such as running a successful bike shop, Peter demonstrates how organizations can navigate these problems. The episode also touches on strategies to provide real-time guidance, unify efforts, and ensure actions align with overarching goals, highlighting the importance of integrating these strategies in multifaceted organizations.
00:00 Introduction and Welcome Back
00:39 Understanding High-Level Aspirations
02:37 The Killer Problems of Innovation
04:05 Influence Diagrams and Strategy Frameworks
05:58 Real-World Examples and Practical Applications
07:44 Exploring the Influence Diagram
13:07 The Four Killer Problems
28:15 Solutions to the Killer Problems
41:36 Conclusion and Further Resources
Link to Peter’s website: https://emergentapproach.com
Link to Peter’s Music: https://www.youtube.com/channel/UCJsn2zbnx8dwvHJrisdkAtg
Link to Aidan McCullen for Keynotes, workshops and event MC.
Find us on Substack for Shownotes and competitions:
https://thethursdaythought.substack.com
Peter Compo, Aidan McCullen, emergent approach, strategy, innovation, adaptation, killer problems, change, influence diagram, bike shop example, creativity, discipline, coherence, real-time guidance, free choice, unification, leadership, strategic frameworks, decision-making, business strategies
Join Aidan McCullen and Peter Compo in part three of their series on the emergent approach to strategy. This episode explores the ‘killer problems’ that stifle creativity and innovation, and how leaders can navigate complex systems to achieve their desired outcomes.
Join Peter Compo as he explores ‘The Emergent Approach to Strategy,’ revealing how adaptive systems can drive creativity and innovation. Through examples like Henry Ford’s automotive revolution and Elon Musk’s electric cars, this episode highlights how small, disciplined actions can lead to transformative industry changes. Discover the balance between structure and free thinking, and learn why staying connected to operational details is crucial for strategic success.
Peter Compo, author of ‘The Emergent Approach to Strategy,’ discusses the chronic failures in strategic planning and how his new book aims to redefine strategy through the lens of complex adaptive systems.
Join us as we explore the BANI framework with its creator, Jamais Cascio. In this insightful episode, we discuss how BANI (Brittle, Anxious, Nonlinear, Incomprehensible) offers a fresh perspective on navigating modern disruptions, evolving from the outdated VUCA model. Cascio shares his expertise in futures and foresight, revealing how resilience, empathy, improvisation, and inclusivity are crucial for thriving in an uncertain world. Perfect for innovators, strategists, and future-thinkers, this episode will reshape how you approach the complexities of the coming decades.