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.
Posted 3 months ago Tagged Aidan McCullen Business Strategy Change Management cognitive capacity discipline emergent approach execution improvisation Innovation jazz Leadership military strategy music operational excellence Organizational Behavior Peter Compo Resilience sports strategy Strategy tactical planning
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.
Posted 3 months ago Tagged adaptive tools Aidan McCullen Business Strategy Corporate Strategy disqualifiers DVD business emergent approach Henry Ford Innovation market dynamics McKinsey Michael Porter Netflix organizational strategy Peter Compo R&D Strategy strategy design Warren Buffett
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.
Posted 3 months ago Tagged Aidan McCullen aspirations bottleneck constraints cascading goals central rule complex adaptive systems decision making deviations from diagnosis Digital Transformation emergent approach granularization Innovation investment in new products metrics nested systems Organizational Change Peter Compo plans real time guidance rule adherence Strategy
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.
Posted 3 months ago Tagged adaptation Aidan McCullen bike shop example business strategies Change coherence Creativity decision-making discipline emergent approach free choice influence diagram Innovation killer problems Leadership Peter Compo real-time guidance strategic frameworks Strategy unification
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.
Posted 3 months ago Tagged adaptive systems Aidan McCullen aspirations bottleneck business leadership Business Strategy Charlie Parker complex adaptive systems Corporate Strategy creativity in strategy decision making discipline in strategy DuPont emergent approach execution goals Innovation innovation challenges innovation process jazz improvisation long-term planning Michael Porter Mintzberg Organizational Change Peter Compo Roger Martin Strategic Planning Strategy strategy definition strategy framework
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.
Posted 5 months ago Tagged Aidan McCullen Best Buy Case Study Best Buy Health Business Development Business Ecosystems Business Growth Change Logic Christine Griffin Corporate Explorer Series Corporate Explorers Corporate Innovation Corporate Strategy Digital Health Ecosystem Playbook Entrepreneurship Healthcare Innovation Hubert Joly Innovation Innovation Ecosystems Innovation Leadership Innovation Mapping Innovation Show Innovation Strategy Innovation Tools Market Strategy Scaling Startups Startup Scaling Strategic Partnerships Strategy Sustainable Innovation Technology Adoption Transformation Wazoku
Ever wondered how companies can leverage partnerships to drive innovation and deliver new value propositions to their customers? In this episode, we explore the art and science of corporate innovation ecosystems with Christine Griffin, a renowned expert in the field.
Christine unveils a powerful six-step process for crafting a winning ecosystem playbook. We delve into a compelling case study – Best Buy’s strategic shift from retail giant to home health services leader – to illustrate the power of this approach.
Discover how Best Buy leveraged acquisitions and partnerships to become a key player in the home health market. Learn the importance of understanding value creation, identifying market turning points, and mapping the ecosystem landscape. We’ll also explore how to assess financial flows, build a robust scaling path, and develop the capabilities needed for success.
This episode is a must-listen for corporate explorers and innovation leaders seeking to:
Develop successful partnerships
Drive co-innovation for customer value
Navigate the complexities of business ecosystems
Posted 6 months ago Tagged Aidan McCullen Both and Thinking Business career challenges Corporate Culture Creativity decision making Disruption Innovation Leadership organisational behaviour paradox Problem Solving Strategy success tension management Transformation Wendy Smith
In this episode, we are joined by Wendy Smith, co-author of ‘Both/And Thinking: Embrace Creative Tensions to Solve Your Toughest Problems.’ Wendy elaborates on the nuances between dilemmas, paradoxes, and tensions, emphasising that these terms are not interchangeable and revealing the psychological and practical implications of recognising and navigating paradoxes. Drawing from her personal experiences and research, Wendy illustrates how both/and thinking can be applied to career decisions, organisational challenges, and broader societal issues. She discusses the limitations of either/or thinking and the harmful patterns it can create, such as intensification, overcorrection, and polarisation. Using examples from companies like Lego and Gore, Wendy shows how balancing tradition and innovation, centralisation and decentralisation, and other competing demands can lead to more sustainable success. The conversation also delves into the four types of paradoxes: learning, performing, organising, and belonging, and explores strategies to manage these tensions effectively. This episode is essential for anyone facing complex decisions in their personal or professional life. 00:00 Introduction to Both/And Thinking 00:12 Understanding Tensions and Dilemmas 03:08 Defining Paradox and Its Importance 05:23 Embracing Paradoxes in Real Life 08:00 Conditions That Highlight Paradoxes 16:51 Exploring the Four Types of Paradoxes 23:28 Navigating Organisational Paradoxes 31:23 The Paradox System Framework 36:57 Lego’s Journey Through Paradox 45:40 Conclusion and Further Resources
Posted 7 months ago Tagged Aidan McCulle Aidan McCullen Bosch Accelerator Corporate Culture Corporate Innovation Corporate Ventures customer discovery Customer Validation Entrepreneurship Innovation inside out innovation Mann + Hummel Michael Nichols Michael Nichols Corporate Explorer Strategy Technology Transformation venture building
Michael Nichols, coauthor of the Corporate Explorer Field Book and Director of Corporate Ventures for MANN + HUMMEL, shares insights on the challenges of inside-out innovation within corporations, emphasizing the importance of validating business models beyond core business practices.
Posted 8 months ago Tagged adaptation Aidan McCullen business model competitive advantage consumption chains Corporate Innovation entrepreneurial mindset Entrepreneurship execution Innovation Management markets resource allocation Rita McGrath Strategy Technology
In this extensive session with Rita McGrath emphasises the importance of continuous innovation, exploiting new opportunities, and building new competencies to stay competitive.