strategic management through visionary leadership
TRANSCRIPT
THE HISTORY AND LANDSCAPE OF STRATEGIC MANAGEMENT ARE LITTERED WITH WRECKAGE OF BUSINESSESES THAT WENT AWRY
TRADITIONAL TOOLS SUCH AS…
SENSITIVITY ANALYSIS
MONTE CARLO SIMULATION
ECONOMETRICS MODELS
EXTRAPOLATION OF PAST AND PRESENT EVENTS
…DO NOT SUFFICE
BECAUSE OF…
SPEED OF INFORMATION & TECHNOLOGY
ECONOMIC CYCLE
CHANGE IS THE NEW NORMAL…IN AFAST-MOVING WORLD
AND THIS TYPE OF EVENTS…
FINANCIAL CRISIS IN 2008
JAPAN EARTHQUAKE
EBOLA EPIDEMIC
OIL PRICE
WARS IN THE MIDDLE EAST
THE TENDENCY, WHEN MAKING HIRING DECISIONS, TOFAVOR POTENTIAL CANDIDATES
WHO DON’T COMPETE WITH ONE’S PARTICULAR STRENGTH
1
IS A COGNITIVE HEURISTIC IN WHICH A DECISION MAKER RELIES UPON KNOWLEDGE THAT IS READILY AVAILABLE RATHER THAN EXAMINE OTHER ALTERNATIVES
5
THIS HAPPENS WHEN BETTER INFORMED-PEOPLE FIND IT EXTREMELY DIFFICULT TO THINK ABOUT PROBLEMS FROM THE PERSPECTIVE OF LESS-INFORMEDPEOPLE
6
THE TENDENCY TO SEARCH FOR, INTERPRET AND FOCUS ON AND REMEMBER ANY INFORMATION IN A WAY THAT CONFIRMS ONE’SPRECONCEPTIONS
8
THE SITUATION THATOCCURS WHEN THE DECISION MAKER ALREADY MADE UP HIS MIND SO THAT HE DOESN’T FULLY EXAMINEOTHER OPTIONS
9
THIS SITUATION OCCURS WHEN THE CEO USE ALL HIS INFLUENCE TO SELECTIVELY CHOOSE PEOPLE WHO WE WILL NEVER CHALLENGE OR DISAGREE WITH WHATEVER HE DOES
10
“An internally consistent view of what might turn out to be—not a forecast, but one possible future outcome (Porter, 1985).”
…THEN ASCERTAIN INTERRELATIONSAND CORRELATIONS AMONG YOUR VARIABLES
…INCLUDING THE UNCERTAINTIES AND TRENDS YOU’VE IDENTIFIED EARLIER
THE FOUR SCENARIOS YOUIDENTIFIED ARE THE PLAUSIBLE FUTURE, BUT REMEMBER YOU CAN PREPARE MORE SCENARIOS!!
…WHEN YOU ANALYZE YOUR PLAUSIBLE FUTURE IN THE FOUR SCENARIOS,WHAT ARE THE KEYS SUCCESS FACTORS OR COMPETENCIES YOU WILL NEED TO SUCCEED?
THESE COMPETENCIES WILL BE YOUR “ROBUST SCENARIO”…AND YOU MUST BEGIN TO BUILD THESE COMPETENCIES TO SUCCEED
…DO THE COMPETENCIES GAP ANALYSIS BETWEEN THE FUTURE COMPETENCIES NEEDED AND THE ACTUAL COMPETENCIES AT YOUR ORGANIZATION
…THE MONITORING WILL WORK LIKE “IF THIS THEN THAT”THAT IS, FOR EXAMPLEIF THE FDA APPROVES THAT DRUG THEN THE SCENARIO LINKED TO THAT IS UNFOLDING
…ANOTHER EXAMPLEIF A BILL LINKED TO A SPECIFIC SCENARIO IS APPROVED IN THE CONGRESS THEN THAT SCENARIO ISUNFOLDING.OR IN A FREE TRADE AGREEMENT YESOR NO MEANS DIFFERENT SCENARIOS
CONGRATULATION!YOU CAN NOW MANAGE LIKE
VISIONARY LEADER
LINKEDINFACEBOOKTWITTERGOOGLE+SLIDESHIRE/VIEW PRESENTATION/FOLLOW
CONTACT/FOLLOW CISSOKO MAMADY
YOU MAY ALSO LIKE 12 STRATEGY ANALYTICS YOU MUST KNOW TO LEAD LIKE STEVE JOBS
THANK YOU VERY MUCH FOR YOUR TIME!
I HOPE YOU ENJOYED IT.FOLLOW ME ON
SLIDESHAREFOLLOW ME ON LINEDIN
YOU MAY ALSO LIKE 12 STRATEGY ANALYTICS YOU MUST KNOW TO LEAD LIKE STEVE JOBS