How the Very Best Strategists Decide
When it comes to setting strategy, there are benefits to both popular and loner strategies.
This is a professional note extracted from an online article.
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If you want to outperform the crowd, learn the following two essential skills.
When we need to make a decision, we tend to ask "What should we do?" However, it narrows our thinking to one right decision.
If we ask the question: "What could we do?" it broadens our decision-making frame, because we can consider multiple futures. Could ask what if, what else, and why not.
For example: Ask what would be the equivalent in your industry of something that’s working well in another.
Strategy development and internal reviews often center on precedents, trends, and due diligence. They address"what will happen." Change the question to "what may happen" :
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You make one decision, wait, make a second decision, and then make a compromise between the two.
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If you only allow yourself your vice while you’re simultaneously being virtuous, you’ll spend more time doing things that are good for you and less time doing the “bad” things.
The researchers call this “pre-bundling” and say it allows people to couple instantly gratifying activities (such as watching trashy TV) with a behavior that’s beneficial in the long term but requires willpower (like working out).
Next time you’re faced with a problem with many possible answers, pinpoint your end goals and then come up with a solution for each.
This is likely to lead to the generation of a diverse set of options covering multiple categories of solutions.
It is a place where we are perpetually reactive to other people’s demands and needs, driven by emotional instead of logical impulses.
We need to escape it and see things objectively an...
This is a stoic lesson, to visualize failure in advance.
It helps because if you imagine failure you start seeing all the ways that have led to that result. And you can start actively working on addressing and mitigating them in advance.
Before he would jump into an idea and go full steam, take a reflective period to step back ask yourself: "What do I really have here? Do I actually have something? What am I hoping to accomplish?”
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