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Chicago Booth Review Podcast
How to navigate a volatile world
Dec 6, 2023
Explore the relevance of military strategy in business and how it can help navigate unpredictable times. Discover parallels between military history and business, using iconic leaders as examples. Learn about different leadership types and their mythological counterparts. Understand the application of strategic thinking in negotiation and succession planning. Explore the role of social capital, partnership, and examining shortcomings for success.
21:46
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Quick takeaways
- Strategic thinking is crucial in navigating and leveraging opportunities in a VUCA world characterized by volatility, uncertainty, complexity, and ambiguity.
- Military history offers valuable insights and lessons for strategic decision-making in the business context, with strategists drawing from the archetypes of Achilles, Agamemnon, and Odysseus to varying degrees.
Deep dives
Understanding the VUCA World and the Need for Strategic Thinking
The podcast explores the concept of a VUCA world characterized by volatility, uncertainty, complexity, and ambiguity. It discusses how recent events such as the COVID-19 pandemic, rise of AI, and climate change have increased the unpredictability of the world. The guest, Greg Bunch, emphasizes the importance of strategic thinking in navigating and leveraging the opportunities in this VUCA world. He draws insights from military history, highlighting how military strategy offers valuable lessons by providing documented strategic decisions throughout history.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode