• Exploration vs Exploitation: Partnership's Role in Strategy Execution

  • Apr 17 2024
  • Duración: 31 m
  • Podcast

Exploration vs Exploitation: Partnership's Role in Strategy Execution Por arte de portada

Exploration vs Exploitation: Partnership's Role in Strategy Execution

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  • Resumen

  • Given how dynamic and complex our world is, there’s no place for rigid and siloed approaches to strategy.

    This week, Michael Olaye, SVP and Managing Director of Strategy and Innovation at R/GA, shares his thoughts on developing strategy from a starting-point of flexibility and collaboration. While internal processes and expertise play a vital role in achieving an organization’s goals, too often teams miss out on game-changing solutions and methodologies by refusing to collaborate with outside agencies and industries that provide invaluable perspectives and insights. Michael, Joe, and Jonathan share personal experiences and dissect some useful case studies that illustrate why partnership and agility should be at the core of strategy development.

    Join us as we discuss:
    • The evolution of strategy over the years
    • When it's more advantageous to pursue an internal development versus an external partnership
    • Bringing users into the product and strategy development process
    • How small companies can have massive impacts on much larger organizations
    Notes: Link to Ted Talk discussed during the episode --> https://www.ted.com/talks/knut_haanaes_two_reasons_companies_fail_and_how_to_avoid_them/transcript
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