Strategic Thinking Skills to Increase Your Impact with Dr. Louise Kelly | The Good Leadership Podcast #99

Dr. Louise Kelly is a Professor of Management and Leadership at the University of La Verne. She is a nationally recognized expert on strategy and leadership and has a passion for helping people and organizations unleash their management, leadership, and innovation potential.

She publishes widely, and has authored five books including, A Dictionary of Strategy, Entrepreneurial Women: New Leadership and Management Models, The Psychologists Manager, and An Existential Systems Approach to Managing Organizations, as well as over 125 articles and conference papers.

Dr. Kelly has also been designated an outstanding scholar by the United States government and has led executive training in the US and worldwide. Her research on strategy and mindfulness has been written up in Forbes.com and several other national publications.

Dr. Kelly's Books: https://www.amazon.com/stores/Louise-Kelly/author/B001HOCC5Y

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Website and live online programs: http://ims-online.com

Blog: https://blog.ims-online.com/

Podcast: https://ims-online.com/podcasts/

LinkedIn: https://www.linkedin.com/in/charlesagood/

Twitter: https://twitter.com/charlesgood99

Chapters:

(00:00) Introduction

(01:04) Dr. Louise Kelly’s background

(01:58) What’s the difference between strategic thinking and strategic planning?

(05:03) Strategic planning and the importance of adaptability

(08:39) Think about big ideas: Elon Musk and Jeff Bezos example

(10:40) Strategy is not just for the C-Suite

(12:14) Tip: The attributes of strategic thinkers

(17:24) Concept: The Blue Ocean Strategy

(20:02) Blue Ocean Strategy case study: Cirque de Soleil

(25:17) Concept: Porter’s Five Forces

(34:14) What’s the difference between Porter’s Five Forces and the SWOT analysis?

(37:04) Porter’s Five Forces case study: Tech and consumer electronics

(37:30) Force 1: Threat of new entrants

(38:53) Force 2: Bargaining power of suppliers

(40:58) Force 3: Bargaining power of buyers

(42:57) Force 4: Threat of substitues

(44:32) Force 5: Competitive rivalry

(47:29) Porter’s Five Forces case study: Costco

(54:25) Call to action

(55:54) Conclusion