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Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
637: How to Develop Your Strategic Fitness (with New York Times and Wall Street Journal bestselling author, Rich Horwath)
Dec 18, 2023
Author and strategic thinker, Rich Horwath, discusses the essence of strategy, the importance of strategic thinking, body language and open-mindedness in leadership, strategy implementation, and creating value for customers and the world.
50:33
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Quick takeaways
- Developing a strategic mindset is crucial in leadership, requiring a continuous, day-to-day approach rather than an annual event.
- Effective leaders set direction, engage in conversations with their teams, communicate the strategy clearly, and trust their intuition to make decisions in the face of risk.
Deep dives
The importance of having a strategic mindset
In this podcast episode, Rich Horwack emphasizes the importance of developing a strategic mindset in leadership. He shares his journey of helping leaders understand the need to be strategic day in and day out, rather than viewing strategy as a once-a-year event. Rich highlights the lack of a roadmap for individual leaders to think and act strategically, which inspired him to provide practical tools and frameworks. He defines strategic as possessing insight that leads to advantage, enabling leaders to filter strategic actions from others. Rich also discusses the common mistakes leaders make in strategy development, such as confusing strategy with goals, objectives, and aspirations, as well as the challenge of making trade-offs for effective strategy execution.
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Discover
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