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Mastering Strategy Martha E. Mangelsdorf ((And all of those businesses…
Mastering Strategy
Martha E. Mangelsdorf
1.-The companies became the most valuable company in the world at some point
2.- The companies they led had continued to perform well after their departure
desire to learn new things
Strategic thinking is a capability that leaders develop over time
1.-
For managers, it’s a natural instinct to look backward and then reason forward about what they need to do today.
able to anticipate customer needs
able to think about how whole industries may change.
The core story is a discipline of thinking several steps ahead and then figuring out what that means for the company now.
2.-
Make big bets, but never really bet the company.
hedged big bets
3.-
These three executives set the intellectual foundations for understanding platform strategy and how it differs from product strategy
4.-
If you’re going to be a great strategist,
you’ve got to be able to execute at the tactical level.
You have to be both clever and tough at the same time.
JUDO
Conversely, when you’re big enough and powerful enough, you have to be tough enough to extract as much value as possible in your interactions with other businesses.
SUMO
5.-
To be effective at execution yo need to have a stake in the ground — a personal anchor — that help to grow companies, focus strategy, and hire people around.
Understanding of software
uncanny ability to understand the average user
engineering-like process discipline
You want to dive deep into the things you’re really good at, but at the same time stay at a high level and always keep the big picture in mind.
And all of those businesses evolve from looking forward
reasoning back
making some big bets
building platforms rather than standalone products or services
figuring out how to be both clever and powerful
building companies around the strengths of the founders.
figuring out what to do
All quotes and comments were based on the article published by MIT SLOAN MANAGEMENT REVIEW. Plagiary is not intended by any means.
The mind map is presented only as a summary of the article, and some ideas are stated in a quoted way