

Think More Strategically
27 snips Jul 12, 2021
In this insightful discussion, Stanley K. Ridgley, a former military intelligence officer turned business professor, shares his expertise on strategic thinking. He emphasizes the need for a robust strategy to meet personal and professional goals, distinguishing it from mere best practices. Ridgley introduces concepts like strategic intent and highlights the effectiveness of differentiation over cost leadership. He also explains why indirect competition often yields better results and the vital role of intuition in mastering strategy. Tune in for practical insights to sharpen your strategic edge!
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Personal Strategy
- Strategy applies to any area where you want to reduce uncertainty, not just business or the military.
- This includes personal life, entertainment, sports, and politics.
Strategy vs. Best Practices
- Strategy is often misused and confused with best practices or having a plan.
- True strategy involves doing things differently and innovating, not just optimizing existing methods.
Strategy as a Cycle
- Strategy isn't a static plan but a continuous cycle of mission setting, analysis, and execution.
- Constantly evaluate and adjust your course based on external factors and internal capabilities.