quickpoint: Strategy and Leadership
WHEN confronted by “unusual uncertainty” as Ben Bernanke put it, leaders need to be able to think and act adaptively. It’s jazz—strategic improvisation. Professor David Teece of University of California Berkeley Hass School of Business shares this in the foreword of Winning the Long Game:
A firm’s dynamic capabilities rest on two pillars: (1) the vision and leadership skills of managers, and (2) the cohesion and flexibility of the organization as a whole. Leaders must fashion sound strategies for the enterprise, and the organization itself must be agile enough to adapt as required. An organization’s culture and values are much slower and more difficult to change than its structure or processes, and can hamstring even an excellent strategy if its leaders cannot show the way forward.
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Posted by Michael McKinney at 07:45 PM
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