407: If objective function is known, It's not a corporate strategy (Strategy Skills classics)

407: If objective function is known, It's not a corporate strategy (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic where we discuss how to identify a corporate strategy.

It is actually very simple to know if a study qualifies as a corporate strategy study. Irrespective of what anyone tells you, if you go into a strategy study where the key question – or what we call an objective function – is known to you, then it is not a corporate strategy.

This is because corporate strategy is not about knowing how to maximize an objective function. It is about choosing the objective function you want to maximize. That is the key difference between corporate strategy and every other kind of strategy.

So, if you are in consulting, in an internal consulting role, or interested in strategy consulting, you should know there is a significant difference between corporate strategy and the other types of strategy analyses like business unit strategy, market entry strategy, etc. And in this podcast, we explain the two requirements that must exist for an engagement to be a corporate strategy study.

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Overall Approach Used in Well-Managed Strategy Studies free download: www.firmsconsulting.com/OverallApproach

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Episoder(499)

344: Should I wait to publish a solo book? Author Program Q&A 5 (Strategy Skills classics)

344: Should I wait to publish a solo book? Author Program Q&A 5 (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

8 Mai 202311min

343: Is it expensive? Author Program Q&A 4 (Strategy Skills classics)

343: Is it expensive? Author Program Q&A 4 (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

3 Mai 202311min

342: What is the ROI? Author Program Q&A 3 (Strategy Skills classics)

342: What is the ROI? Author Program Q&A 3 (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

1 Mai 20239min

341: Ex McKinsey expert on war games, John Horn. How to read your competitors

341: Ex McKinsey expert on war games, John Horn. How to read your competitors

Welcome to Strategy Skills episode 341, an interview with the author of Inside the Competitor's Mindset, John Horn, where he shares proven techniques to help businesses think like the competition and understand why they act the way they do. Inside the Competitor's Mindset presents a systematic approach to competitive intelligence that starts with three frameworks to get inside the competitor's mindset, predict their reactions to your moves, and assess whether the competition is getting ready for a spontaneous move of their own. John Horn is a professor of practice in economics at the Olin Business School at Washington University in St. Louis. He teaches MBA students microeconomics, macroeconomics, and global business. John was a Senior Expert in the Strategy Practice of McKinsey & Company for 9 years, working with clients on competitive strategy, war gaming workshops, and corporate and business unit strategy across a variety of industries and geographies. He helped over 100 clients with war game workshops and developed a set of simulation exercises to help companies understand the challenges of reallocating resources. He continues to consult through his LLC: Gateway Competitive Insights. John has published nine papers in the McKinsey Quarterly and three in the Harvard Business Review, mostly on the application of behavioral economics and competitive insight to business strategy. John has a PhD in economics from Harvard University, where he also received a Masters degree in economics. Get John's book here: Inside the Competitor's Mindset: How to Predict Their Next Move and Position Yourself for Success. John Horn https://www.amazon.com/Inside-Competitors-Mindset-Position-Management-ebook/dp/B0B6B6KWQ6/ref=sr_1_1?crid=3ABN4GWJ5ZXMX&keywords=inside+the+competitor%27s+mindset&qid=1682495837&s=digital-text&sprefix=inside+the+competitor%27s+mind%2Cdigital-text%2C293&sr=1-1 Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

26 Apr 20231h

340: Is it a good time now or should I wait until I become more senior? Author Program Q&A 2. (Strategy Skills classics)

340: Is it a good time now or should I wait until I become more senior? Author Program Q&A 2. (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

24 Apr 20236min

339: Is this good for my career at this point in time? Author Program Q&A 1. (Strategy Skills classics)

339: Is this good for my career at this point in time? Author Program Q&A 1. (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

19 Apr 20236min

338: Yale's Ryan McAnnally-Linz, What makes a good life?

338: Yale's Ryan McAnnally-Linz, What makes a good life?

Welcome to Strategy Skills episode 338, an interview with Ryan McAnnally-Linz, coauthor of Life Worth Living: A Guide to What Matters Most. This book provides readers with jumping-off points, road maps, and habits of reflection for figuring out where their lives hold meaning and where things need to change. The book draws from major world religions and from impressively truthful and courageous figures such as Jesus, Muhammad, the Buddha, Aristotle, Socrates, Martin Luther King, Jr., the Dalai Lama, Ida B. Wells, James Baldwin, Mary Wollstonecraft, Confucius, and Nietzsche, to name a few. The authors' goal is for readers to define and create a flourishing life, and answer one of life's most pressing questions: how are we to live? Ryan McAnnally-Linz is the associate director of the Yale Center for Faith & Culture. He is a coauthor with Volf of The Home of God and Public Faith in Action (Brazos), a 2016 Publishers Weekly Best Book in religion, and has written for The Washington Post's Acts of Faith, Sojourners, and The Christian Century. Get Ryan's book here: Life Worth Living: A Guide to What Matters Most. Miroslav Volf, Matthew Croasmun, Ryan McAnnally-Linz. https://www.amazon.com/Life-Worth-Living-Guide-Matters-ebook/dp/B0B5CZ6YM3/ref=sr_1_1?crid=1C3TO2I7SIO5M&keywords=life+worth+living&qid=1681712806&s=digital-text&sprefix=life+worth+livin%2Cdigital-text%2C311&sr=1-1 Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

17 Apr 202355min

337: How publishing a book fast-tracked me to partnership (Strategy Skills classics)

337: How publishing a book fast-tracked me to partnership (Strategy Skills classics)

For this episode, let's revisit a Strategy Skills classic from a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and earnings change as a published author? Imagine your client interactions when potential and current clients saw your thinking in a published book before they met you? Imagine the time you would save not having to explain your ideas and the value you could add to them? Imagine the fee premium you could earn? Imagine avoiding awkward meetings trying to establish your credibility? Imagine how many potential clients would find you and reach out to you? Learn more and see the application guidelines: https://www.firmsconsulting.com/experts-published-author-program/ Apply: email team@firmsconsulting.com Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

12 Apr 202326min

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