I have created many strategies in my carrier that simply failed. Well, most of them. It takes a lot of time and practice to learn creating strategies.
Overall, this article resonates with me very well.
Many strategies fail because they’re not actually strategies. A real strategy involves a clear set of choices that define what the firm is going to do and what it’s not going to do. Many strategies fail to get implemented, despite the ample efforts of hard-working people, because they do not represent a set of clear choices.
Many so-called strategies are in fact goals. “We want to be the number one or number two in all the markets in which we operate” is one of those. It does not tell you what you are going to do; all it does is tell you what you hope the outcome will be. But you’ll still need a strategy to achieve it.
If you are a founder or a CEO, read this great interview with Daniel Ek, Founder and CEO of Spotify.
In this interview:
On a Typical Day →
On Good Meetings →
On Being Intentional with Time →
On Personal Time Management →
On Creating an Open Calendar →
On Company Bets →
On Delegated Decision Making →
On Working in Flow →
On Learning as a Personal Habit →
On Founders →
On Spotify and Content Acquisition→
On Creative Process →
On Acquisitions →
On Shadowing Other CEOs →
On his Personal Leadership Style →
On Handling a Board →
On Swedish Culture →
On Algorithms →
On Becoming a Father →
As a CEO, I often have no clue what I am doing, what is my job/role, and where this company is going to. I often think that the company I am building is a total BS 💩.
Also, I sometimes feel that we are implementing the most genius idea, and it will turn over the world. And then I have a crystal clear clarity of the future and how we are going to get there 🚀.
Then I ask myself if I am slightly bipolar, and googling around that proves true 😭.
If you can relate to this, don’t worry, this does not prevent you from building a unicorn 🦄. Surprisingly 🤷♂️.
Sam Altman, CEO @ OpenAI, ex President @ Y Combinator writes about idea generation:
“The best ideas are fragile; most people don’t even start talking about them at all because they sound silly. Perhaps most of all, you want to be around people who don’t make you feel stupid for mentioning a bad idea, and who certainly never feel stupid for doing so themselves.”
“Finally, a good test for an idea is if you can articulate why most people think it’s a bad idea, but you understand what makes it good.”
Read full post here: https://blog.samaltman.com/idea-generation