This video is an interview with Peter Compo, author of “The Emergence Approach to Strategy”. The interview discusses the importance of strategy and how to create a strategy. Peter Comp argues that the traditional approach to strategy is flawed and that a new approach is needed. He proposes a new approach to strategy that is based on emergence and adaptation. This approach is more practical and more likely to be successful than the traditional approach.
Important points:
- Strategy is a central rule or policy that guides all the actions and decisions of an organization towards achieving its aspiration.
- The bottleneck is the biggest obstacle to achieving the aspiration.
- The strategy should be designed to overcome the bottleneck.
- The strategy should be evaluated using a combination of numbers and words.
- The strategy should be flexible and adaptable.
- The strategy should be understood and internalized by all members of the organization.