The Innovation Show
Peter Compo Part 1 - The Emergent Approach to Strategy:
Aug 24, 2024
In this engaging discussion, Peter Compo, an author and strategist with over 25 years of experience in corporate America, reveals insights from his book on redefining strategic planning. He emphasizes the need to move away from traditional methods, arguing for an agile, emergent strategy focused on adaptability. Peter discusses the importance of understanding and overcoming bottlenecks and shares parallels between discipline in music and strategic execution. He also highlights the illusion of stability in organizations and the necessity of embracing change for sustained growth.
01:09:08
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Quick takeaways
- Peter Compo emphasizes the need to abandon traditional strategic planning in favor of an adaptive approach that accommodates real-time changes.
- The emergent strategy framework pivots on understanding aspiration versus actionable strategies, enabling organizations to better navigate complexities.
Deep dives
Chronic Failures in Strategy Development
Chronic failures in strategy development persist despite significant investment and discourse surrounding it. Two main causes emerge: a lack of a clear definition of strategy and a reliance on traditional planned approaches. Instead of recognizing that change and innovation often arise organically through interactions among various players, organizations tend to stick with deterministic models that do not reflect the complexity of real-world dynamics. The need for strategies grounded in the principles of complex adaptive systems has never been more crucial to navigate today's unpredictable business landscape.
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