Description
Book SynopsisAccording to a study published in Chief Executive Magazine, the most valued skill in leaders today is strategic thinking. However, more than half of all companies say that strategic thinking is the skill their senior leaders most need to improve. Elevate provides leaders with a framework and toolkit for developing advanced strategic thinking capabilities. Unlike the majority of books that focus on strategy from a corporate perspective, Elevate gives the individual executive practical tools and techniques to help them become a truly strategic leader. The new framework that will enable leaders to finally integrate both strategy and innovation into a strategic approach that drives their profitable growth is the Three Disciplines of Advanced Strategic Thinking:
1. Coalesce: Fusing together insights to create an innovative business model.
2. Compete: Creating a system of strategy to achieve competitive advantage.
3.
Table of Contents
Introduction 1
Elevate 1
Importance of Strategy 3
Top 10 Strategy Challenges 5
GOST Framework 12
Strategy Defined 14
Thinking Strategically 16
1,000-Foot View 21
Discipline #1: Coalesce 23
Patterns in Strategy 26
Systems 32
Platforms 34
Business Model 39
Phase I of the Business Model: Value Creation 40
Phase II of the Business Model: Value Delivery 44
Phase III of the Business Model: Value Capture 48
Profitable Growth 52
Strategy and Innovation 58
Types of Innovation 59
1,000-Foot View 67
Discipline #2: Compete 69
Competitive Condition 73
Leader 73
Challenger 76
Spectator 82
Competitive Advantage 84
Competitive Intelligence 88
Trade-off Zone 91
Indirect Competition 94
Intangible Competition 97
1,000-Foot View 102
Discipline #3: Champion 103
Using Time Strategically 106
Time Trade-Off Techniques 109
Influencing Strategy Commitment 112
Increasing Buy-In with Social Proof 115
Strategic Behavior 119
Practicing Strategic Thinking 122
Developing Strategy Habits 129
Strategy Conversations 134
The Power of Story 138
Creating a Strategy Story 141
1,000-Foot View 145
Conclusion 147
When to Change Strategy 147
Fire Prevention 149
Tactical Evaluation Matrix 151
Strategy Launch Review 153
Strategy Scaffold 155
Strategic I Am 157
1,000-Foot View 160
Notes 163
Index 173
Acknowledgments 181
About the Author 183
