Our miniseries on startups strategy continues today with Ron Carucci. Ron is a renowned strategy consultant with three decades of experience in large and small companies, and currently he is the owner and managing partner of his own strategy consulting outfit, Navalent. Ron is also a Harvard Business Review contributor, and a TED speaker.
Through the lens of his extensive experience, Ron shares his views on the different strategic challenges that companies face, starting from some very basic questions:
When and how does a company realize that its strategy no longer works and needs to be revamped? What are the classic blind spots, the cognitive biases if you will that can prevent a company from realizing that the strategy is no longer on track?
We discuss with Ron the best techniques to identify and tackle the key challenges, and the tricks needed to bring everyone on board. We discuss the most typical transformational challenges that companies face, and how they can different across industries and between start-ups and larger companies. We also discuss how the COVID-19 pandemic and the current focus on social issues can further complicate corporate strategy, and how companies can adapt and respond.
Companies today face unprecedented uncertainty across multiple, inter-related dimensions: the pandemic, economic disruption, geopolitical turmoil, and accelerating innovation. Developing a well-designed and flexible strategy has never been more important, and it’s never been harder. Ron has seen it all; listen to his advice.
Enjoy the episode and thanks for being curious!