“Strategy is a series of trade-offs”
- Michael Porter
I was discussing strategy with a client of mine recently and she mentioned the above quote that she had heard at a Michael Porter seminar. I think it sums up STRATEGY perfectly.
In my view great strategy demands:
- laser-sharp focus
- stubborness
- persistence
- unflappability
- coolness
- anti-herd mentality
- bravery
- self-belief
- adaptibility
- conversation (listening is implicit)
- clear future vision (that’s well communicated and shared)
- overall, great leadership
Never has there been a better time to hone these skills than right now.
Any further traits to add?