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Chief Strategy Officer Summit Culture Eats Strategy for Breakfast? Ryan Westmacott December 2015

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Page 1: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

Chief Strategy Officer Summit

Culture Eats Strategy for Breakfast? Ryan Westmacott December 2015

Page 2: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

2 CHIEF STRATEGY OFFICER SUMMIT

Page 3: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

3 CHIEF STRATEGY OFFICER SUMMIT

What is Culture?

Page 4: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

4 CHIEF STRATEGY OFFICER SUMMIT

“Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create the right environment for our people to deliver the best possible results for our clients.” GS.com

1.  You must adopt a uniform 2.  Fitness first 3.  Everything is career-related 4.  It’s all about the team 5.  But it’s still survival of the fittest 6.  Having an advocate will ensure this is unlikely to

happen, though 7.  Rising stars are rock stars 8.  But don’t shout about it 9.  The job is the centre of your new universe 10. The intense competition is ultimately rewarding eFinancial Careers

What is Culture?

Page 5: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

5 CHIEF STRATEGY OFFICER SUMMIT

What is Culture?

Page 6: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

6 CHIEF STRATEGY OFFICER SUMMIT

What is Strategy?

Page 7: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

7 CHIEF STRATEGY OFFICER SUMMIT

What is Strategy?

Page 8: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

8 CHIEF STRATEGY OFFICER SUMMIT

What is Strategy?

Page 9: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

9 CHIEF STRATEGY OFFICER SUMMIT

What is Strategy?

Page 10: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

10 CHIEF STRATEGY OFFICER SUMMIT

What is Strategy?

Page 11: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

11 CHIEF STRATEGY OFFICER SUMMIT

Corporate

Division

Sub-Division

BusinessUnit

Team

You&Me

What is Strategy?

Page 12: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

12 CHIEF STRATEGY OFFICER SUMMIT

1

16

~100

~650

~6,000

~35,000

What is Strategy?

Page 13: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

13 CHIEF STRATEGY OFFICER SUMMIT

Real Question

Culture Eats Strategy for Breakfast?

How do I effect MY Strategy in MY Organisation?

Page 14: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

14 CHIEF STRATEGY OFFICER SUMMIT

Perspectives 1: Where Does Your Strategy Fits In?

CorporateStrategy

BusinessUnit

Strategy

Opera3onalStrategy

CorporateStrategy

(Businesstobein)

BusinessStrategy(Ac3onstobeatcompe33on)

Opera3onalStrategy(Howtoimplementac3ons)

Page 15: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

15 CHIEF STRATEGY OFFICER SUMMIT

Perspectives 2: Tooling Your Strategy

WHO/ WHAT/ HOW

PEOPLE/ PROCESS/ TECHNOLOGY

Page 16: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

16 CHIEF STRATEGY OFFICER SUMMIT

Perspectives 3: Understand How Your Organization Works

Page 17: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

17 CHIEF STRATEGY OFFICER SUMMIT

Perspectives 3: Understand How Your Organization Works

Page 18: Culture Eats Strategy for Breakfast? - LEAPROSCHIEF STRATEGY OFFICER SUMMIT 4 “Goldman Sachs is a meritocracy built on the belief that collaboration, teamwork and integrity create

Chief Strategy Officer Summit

Culture Eats Strategy for Breakfast? Ryan Westmacott December 2015