Episode 16: Melbourne Business School Day 1 Part 2 – RETHINKING STRATEGY

In this episode of the Business Bits, Nicki talked about the second part of day 1 in Melbourne Business School. It was hosted by Vivek Chaudhri, a business consultant, educator, and researcher. His talk primarily focused on reinventing and rethinking strategy, so enjoy!

Topics Discussed:

• The main takeaways from Vivek’s talk
• The S-curve
• On finding what you are looking for and not always believing the numbers
• The idea of being constrained by the path you’ve walked in
• Key considerations and issues when setting strategies
• The strategy to storm the hill
• Tangible and intangible assets
• Human capital
• Non-tradable assets
• The notion of big innovation
• Ambidextrous organisation
• VUCA (volatility, uncertainty, complexity, and ambiguity)
• Allocentric views
• Rationality
• The winner’s curse
• The dangers of benchmarking
• Failing by design
• Placing big bets

Resources

• M&C Saatchi
• AmazonFresh