Oct 14, 2015
This is the next podcast for the power sector corporate strategy study we will soon release as part of our Executive Program.
In just the last week we have had several issues erupt on the study.
(1) A rival (?) firm has been appointed at the parent to potentially have oversight of the study.
(2) The power outages are escalating while EI wants to double-down on investments which are not core to its likely future.
(3) The unions are challenging the management skills analyses.
(4) A budding romance has left our strategy team down one person with some liabilities to manage.
All of these issues suck up a lot of management and partner time. They take time away from the study itself and can quickly derail the team, or slow down the momentum.
In this podcast I discuss the process I use to manage all these issues while also keeping the team fully focused on the task at hand. This is one of those important podcasts where we discuss the critical soft skills to use when things never go according to plan.
Pay careful attention to how ethical decisions are made. A common myth is that being ethical implies being too easy or showing too much empathy. They are not the same things.
If you would like to learn more about the core issues and analytic approach in this study, read this summary of “Profit from the Core” by Chris Zook who leads Bain’s strategy practice.
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