Inside the Strategy Room 231. Best of 2024 - Why strategists should embrace imperfection
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Dec 26, 2024 Join Charles Conn, an investor and environmentalist, and Rob McLean, former Dean of the Australian Graduate School of Management, as they explore the value of 'imperfectionism' in strategic decision-making. They discuss how adopting a mindset that embraces calculated risks can drive innovation. The guests introduce the 'dragonfly eye' concept, emphasizing multiple perspectives for breakthroughs. They also highlight Amazon's incremental approach in financial services and the importance of storytelling in securing support for strategic initiatives.
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Imperfectionism in Strategy
- Strategy development is challenging in today's uncertain world, leading to paralysis or impulsive decisions.
- Imperfectionism involves embracing ambiguity and making smaller, knowledge-building moves.
From Tools to Mindsets
- Build on problem-solving tools by developing strategic mindsets.
- Focus on navigating uncertainty in problem-solving and strategy.
Rethinking Conventional Strategy
- Conventional strategy approaches may be insufficient in today's rapidly changing world.
- Current uncertainty stems from economic and technological disruptions.
