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HBR On Strategy

To Set a Great Strategy, Start by Imagining the Future You Want

Sep 18, 2024
25:59
Snipd AI
Mark Johnson, co-founder of Innosight, emphasizes the power of 'future-back' thinking in strategy development. He advocates for leaders to visualize their desired future and work backward to achieve it, a critical mindset during crises. Johnson shares insights on innovation and adaptability, drawing from real-world examples like Apple and Intel. He highlights the necessity for organizations to engage with emerging trends, restructure strategies, and encourage grassroots innovation to foster long-term growth and success.
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Quick takeaways

  • Adopting a future-back approach allows leaders to proactively shape their organizations by envisioning opportunities instead of merely reacting to present challenges.
  • Understanding the difference between vision and strategy helps facilitate organizational growth by guiding specific actions needed to achieve broader aspirations.

Deep dives

Future-Back Approach to Strategy

A future-back approach to strategy encourages leaders to envision the future and then work backward to shape their organizations for that reality. This method contrasts with the traditional present-forward approach, which focuses on responding to immediate market signals and challenges. By allocating a portion of their time—about 10 to 20%—to think about future possibilities, leaders can foster a mindset that embraces innovation and long-term vision. Such strategic thinking enables organizations to anticipate shifts and prepare for potential disruptions instead of merely reacting to current situations.

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