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The Innovation Show
Peter Compo Finale - Strategy In Practice
Sep 21, 2024
Peter Compo, an expert on emergent strategy and author of 'The Emergent Approach to Strategy', dives deep into strategic leadership. He emphasizes the importance of involving teams in strategy design, especially during turbulent times. The conversation highlights scenario planning as a critical tool for navigating uncertainty and how to identify bottlenecks within organizations. Compo provides practical advice on executing strategies amidst crises and shares insights on fostering innovation through maintaining trust and addressing systemic challenges.
01:06:32
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Quick takeaways
- Engaging team members in the design of emergent strategies fosters ownership and increases organizational commitment during challenges.
- Proactive change management allows leaders to navigate crises more effectively and promote a culture of continuous learning and improvement.
Deep dives
Emergent Strategy and Leadership Engagement
Engaging team members in the design of an emergent strategy is crucial for its effectiveness. Leaders should ensure that everyone involved understands the reasons behind the strategy, as this fosters a sense of ownership. By participating in the design process, team members are more likely to stick with the strategy even during challenging times. This approach transforms the strategy into a collective vision, thus increasing commitment and innovation within the organization.
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