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

249: 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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628: Northwestern Law Professor John McGinnis on Constitutional Stability in the Age of AI

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11 Feb 51min

626: BCG Henderson Institute Senior Director Adam Job on Growth and Strategy in Uncertain Times

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9 Feb 55min

625: New York Times Bestselling Author and Navy Seal Advisor Daniel Coyle on Leadership, Psychological Safety, and Flourishing Teams

625: New York Times Bestselling Author and Navy Seal Advisor Daniel Coyle on Leadership, Psychological Safety, and Flourishing Teams

Daniel Coyle, New York Times bestselling author of The Culture Code and adviser to organizations ranging from Navy SEALs to global technology companies, joins the Strategy Skills Podcast to explore wh...

4 Feb 55min

624: From IQ to AQ: Agility as the New Leadership Advantage (with Liz Tran)

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Liz Tran, former venture capital executive and author of AQ, examines why agility—not raw intelligence or experience—has become the defining capability for leaders operating amid persistent uncertaint...

2 Feb 56min

623: Bain's Rishi Dave, the Secret of Top Sellers (Strategy Skills classics)

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In this episode with Rishi Dave, a partner in Bain's Commercial Excellence practice with deep expertise in B2B marketing and digital marketing, he explains the concept of a "Day 1 List" in B2B sales a...

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622: Leadership and Self-Deception with Arbinger Managing Partner, Mitch Warner (Strategy Skills classics)

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26 Jan 56min

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