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.
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.
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.
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.
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
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
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.
In this extensive session with Rita McGrath emphasises the importance of continuous innovation, exploiting new opportunities, and building new competencies to stay competitive.