Building Margin

95: Winning with Strategy - The Surprising Power of the 'F Word'

7 snips
Jan 14, 2025
Leaders often struggle with executing strategy due to distractions. The importance of maintaining focus in business is highlighted, revealing how it can enhance performance. Learn to tackle strategic problems and drive results by simplifying your approach. Discover a proven system for turning around businesses without chasing fleeting trends. This discussion emphasizes the value of protecting your team's time to build lasting impact.
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ANECDOTE

Flavor of the Day CEO

  • Steve recounts working with a CEO who constantly changed strategies based on new trends.
  • This "flavor of the day" approach created confusion and underperformance.
ADVICE

Do More, Better, New

  • Focus on doing more of what you're already doing, unless it's entirely off track.
  • Then, optimize (do better) and only after that consider doing something new.
INSIGHT

Strategy = Focus

  • Strategy boils down to focus: allocate limited resources to your biggest constraint.
  • Forget complex frameworks; focus on solving this constraint, the strategic problem.
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