On Leadership and the Essential Elements of a Good Strategy

Topic:Leadership
Posted on:Jun 9, 2017
Captured by:Flint M
Method:Dictation

The artful leader develops strategy with four key insights in mind:

1. A good strategy mitigates its downside. Great leaders don’t take enormous risks unless they must. They instinctually work with a cognitive heuristic: X/Y, wherein "X" equals achievement and "Y" equals risk.

2. A good strategy works across an adjustable timeframe. Most strategic plans are developed with a static mindset but executed within a dynamic context.

3. A good strategy allows the leader to “test their way in.” One of the most important ways to mitigate risk is to discipline it with increments.

4. A good strategy is dependent upon a good strategist. Don’t build your work around your plan; build your work around the man (or the woman). A quality strategist is more important than an accurate strategy. 

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