Individual perspective is a foundation of strategic thinking. Perspective is more than a switchable point of view. It is an organizing framework that helps articulate an understanding of the core challenge that is the essential cause for developing strategy.
As you build your strategic thinking competency, the best way to develop a useful perspective for strategy development is to start with yourself. Don’t be concerned with strategy; be concerned with your own personal story and experiences. You already have a personal perspective, but if I asked you to put it into words, you would probably struggle. Here are six suggestions that might help you find those words:
- You could make a list of things that have influenced you. It could include books, public speeches, movies, and mentors.
- What life experiences have influenced you? I believe that a personal perspective shares much with the concept of your life’s story, the way that you conceive of where you’ve been, where you are, and where you’re going.
- What has traumatized you in the past? In particular, I find interesting the presence of near-death experiences. We can make the argument that Christopher Columbus’ survival of a pirate attack and shipwreck in 1476 was a turning point in his life. Before then, he was a seafaring adventurer but afterwards we can see that he really started to grasp the strategic concepts that would lead to his endeavor to gain resources to sail west. Near death experiences can provide a compelling sense of clarity – that is, perspective – to people. Consider this report cited in USA Today in an article on CEOs and near-death experiences:
Last June , management consultant Grant Thornton surveyed 250 CEOs of companies with revenue of $50 million or more. Twenty-two percent said they have had an experience when they believed they would die and, of those, 61% said it changed their long-term perspective on life or career. Forty-one percent said it made them more compassionate leaders; 16% said it made them more ambitious; 14% said it made them less ambitious.
Regardless of whether you have had a near-death experience and/or trauma, I believe that you can use your imagination to consider your perspective about what is important and what is not.
- What is your personal brand or elevator speech? A personal brand is represents the way that you think about yourself and how you want others to think about you.
- What is your sense of moral righteousness? Branch Rickey, the General Manager/Owner of the Brooklyn Dodgers is best remembered for his role in integrating Major League Baseball by bringing its first black ballplayer, Jackie Robinson, into the League. He said that he remembered how a black college teammate was mistreated, and felt that this was a wrong that needed to be righted. Besides, he wanted to do anything he could to field winning ball team.
- Do you have any skepticism about “the system” and prevailing wisdom. Perhaps you are offended or annoyed by traditions and the establishment. As an example, Billy Beane, the General Manager of the Oakland A’s Baseball team (and of Moneyball fame) carried with him a skepticism about the ability of scouts to accurately judge baseball talent. When he was told to win with a radically reduced payroll, his perspective likely contributed greatly to his practice of strategic thinking.
Again, use this list as a starting point for articulating your personal perspective.
The Strategist’s Perspective
The next step is to develop that perspective in light of your need to develop strategy. Note the nearby graphic. It starts with a statement that brings more focus to “a courageous and commonsense view of the competitive challenge.” This statement seems adequately descriptive of the situation that strategic thinkers like Louis Gerstner, Estee Lauder, and Christopher Columbus confronted. It suggests some general principles of a good perspective on strategy
- Value is found in contrarian Time and again, we see great accomplishments in taking a contrarian perspective different from than the prevailing wisdom.
- Courage is distinctive characteristic of many strategic thinkers
- The perspective is coherent.
- As NVIDIA’s co-founder Jensen Huang said, “Our perspective was commonsense.”
- It is contextualized to address the unique nuances of the situation.
- It acknowledges the challenge facing the individual or the organization, especially regarding competitive posture and advantage.
A core challenge is a single challenge (or a cluster of related challenges) that holds significance for the individual’s or the organization’s future success. Strategy is the designed response to a core challenge. Often people are so busy trying to solve the problems that face them that they don’t bother to think about the problem; more specifically, people spend insufficient time defining the problem. People avoid thinking about and confronting problems that are unpleasant and require action.
I’ve often asked people, “What is your core challenge? or What do you Want to be Different?” Unfortunately, the answers often show little depth of understanding.
Thus, we might have chicken-and-egg situation where it’s pointless to worry about what to do first. The path forward, I suggest, is to simultaneously consider the two questions of perspective and core challenge. Strive to make progress and deepen your understanding of both. As you do so, insights will emerge and you’ll move closer to understanding the strategy that best fits your situation.
Can you articulate your strategic perspective and core challenge?