27 min listen
249: If objective function is known, It's not a corporate strategy (Strategy Skills classics)
FromThe Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
249: If objective function is known, It's not a corporate strategy (Strategy Skills classics)
FromThe Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving
ratings:
Length:
14 minutes
Released:
Jun 8, 2022
Format:
Podcast episode
Description
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. Enjoying our podcast? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo
Released:
Jun 8, 2022
Format:
Podcast episode
Titles in the series (100)
161: How publishing a book fast-tracked me to partnership: Learn more and see the application guidelines: Apply: email This is the 1st of a 10 episode program to help our clients and customers measurably, radically transform their careers through The Author Program. How would your career, reputation, and... by The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving