Tag Archives: Strategy

The importance of having real-time vision

in Leadership, Strategy

 

 Steve Nash dribbling the ball

 

We can draw many lessons from the world of sports onto business, I was watching a feature video on ESPN on Phoenix Suns point guard Steve Nash on a and couldn’t help but see the correlation between vision in sports and in business. In business there’s talk of the need of having a vision or a BIG idea behind and organization’s direction, but there’s also the real-time vision a leader needs to possess to make sense of things in a rapidly changing world and make a right decision.

 

Just like an NBA point guard is defined by how well he runs his offense and assist his teammates to a position where they have the advantage, a business leader is judged by the strategic decisions he makes to position his company so it’s business strategy gives it an advantage.

 

Strategy is all about making choices and in a rapid changing world the ability to see the play develop (Observe), read the defense (Orient), seeing the gap (Decide) and exploit it (Act) by making the perfect pass is of vital importance.

 

See a pattern there? The OODA loop.

 

, improvisational, rapid strategy development and . The OODA is not going to work all the time, it’s a tool to assist in learning about an environment and making decisions, it doesn’t make visions come true but it’s better that relying on a static plan of action in a dynamic world.

 

The lesson is: As business leaders we must develop real-time vision to strategize on the fly and create order out of chaos.

 

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#Innovation posts of the week: Innovation by imitation

in Must reads of the week

Rethink your business by what you know not what you do

in competition, Innovation, Strategy

I was talking with a friend business owner this weekend about growth opportunities. Our conversation took a turn when he expressed to me that it’s hard to compete when there are a lot of other businesses offering the same thing he does. Well my friend, it doesn’t have to be that way.

For the sake of being practical, we humans like to categorize everything to most simple things, rules of thumb. They work for awhile, but the problem is that sooner than later they become rules we follow and we never stop to think why we actually follow them.…

#Innovation posts of the week: What if innovation was the standard

in Must reads of the week

 

Beat your competitors by working outside their experience

in competition, Creativity, Strategy

fire dragon

 What is not different, is not strategic.

This past weekend I went to Ninjutsu camp (Otompo) for two days of training and war. First we train with some training weapons and at night we play war games that are meant to test our creative and strategic thinking as well as our hand to hand combat skills all under the light of the moon.…

Make recombination part of your business strategy

in Creativity, Strategy

jordan 2010

 

“Everything we create is just a product of recombination.”

What’s the inspiration behind the ?

The ability to see through your opponents and keep your intentions hidden. Just like in the world of design, in the world of Air Jordan’s the word . It’s safe to say that every single new Air Jordan has a distinct feature that borrowed from previous models to create the new one, and that is a key to their business strategy:

They’ve mastered the art of recombination.

Not only do they do it with the newer models but also with all the other extensions they’ve build around the Air Jordan’s such as the retro’s, TEAM and individual player models. I think the is to the sneakers industry what Apple is to the tech industry mainly because both companies set out to reinvent whatever they do. Jordan’s reinvent the basketball shoe and Apple reinvents mmm well everything it comes into contact with.

Jordan’s are also about performance and with every new model there’s some innovation in that department but this focus on recombination has made . If you don’t believe me check out the and you’ll see what I mean, a lot of transformational inspiration.

If there’s one thing you can learn from Air Jordan is they from themselves and from other sources and then combine them to come up with something entirely new all while maintaining a focus on style and performance.

Ask yourself: How can I make recombination part of my business strategy? Who can I borrow ideas from that can help me reach x objective?

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The imitate to benefit syndrome gets you nowhere

in competition, Strategy

Every once in awhile, I get an email that asks me to give out ideas (strategy) that previous clients used to achieve a particular goal. I’ve attached part of an email conversation below. It only explains part of the story, but let’s just say that I’m being asked for a secret recipe that they can plug-and-play and voila!

I can give you this information, but it’s no use to you because if all you want is to try to copy their success, let’s just say you’re going nowhere.

Best practices that worked for someone else don’t necessarily mean they’ll work for you. You shape your business based on your own strategy that works to your unique mix of strengths and weaknesses.…