What Is Strategy? It’s a Lot Simpler Than You Think reviews

Added to wishlistRemoved from wishlist 0
Category: Tag:



To many people, strategy is a total mystery. But it’s really not complicated, says Harvard Business School’s Felix Oberholzer-Gee, author of “Better, Simpler Strategy”.

00:00 To many people, strategy is a mystery.
00:25 Strategy does not start with a focus on profit.
00:52 It’s about creating value.
01:00 There’s a simple tool to help visualize the value you create: the value stick.
01:30 What is willingness-to-pay?
02:30 What is willingness-to-sell?
03:14 Remind me: Where does profit come in again?
03:48 How do I raise willingness-to-pay?
05:00 And how do I lower willingness-to-sell?
06:18 Real world example: Best Buy’s dramatic turnaround

Companies should simplify and focus on two value drivers, he argues: customer satisfaction and employee satisfaction. By aligning strategic initiatives on these alone, leaders make their workers’ jobs less complicated and improve customer experiences.

Oberholzer-Gee is the author of the Harvard Business Review article “Eliminate Strategic Overload” (https://hbr.org/2021/05/eliminate-strategic-overload) as well as the book “Better, Simpler Strategy: A Value-Based Guide to Exceptional Performance” (https://www.amazon.com/Better-Simpler-Strategy-Value-Based-Exceptional/dp/1633699692/).

Produced and edited by Scott LaPierre
Video by Dave Di Iulio and Elie Honan
Animation by Alex Belser

Follow Harvard Business Review:
https://hbr.org/
https://www.linkedin.com/company/harvard-business-review/
https://www.facebook.com/HBR/

https://www.instagram.com/harvard_business_review

Sign up for Newsletters: https://hbr.org/email-newsletters

#HarvardBusinessReview #Strategy #WhatIsStrategy

Copyright © 2022 Harvard Business School Publishing. All rights reserved.

Click to rate this post!
[Total: 0 Average: 0]

23 reviews for What Is Strategy? It’s a Lot Simpler Than You Think reviews

0.0 out of 5
0
0
0
0
0
Write a review
Show all Most Helpful Highest Rating Lowest Rating
  1. Burhani

    Best content for a long time on youtube! Thank you for that HBR and Prof. Oberholzer-Gee.

    Helpful(0) Unhelpful(0)You have already voted this
  2. Gavin Campion

    Excellent video! Thanks for sharing.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Amr Nawar

    Just finished his book on strategy.Totally recommend it.

    Helpful(0) Unhelpful(0)You have already voted this
  4. Mahesh Mahesh

    Please don’t use that weird background

    Helpful(0) Unhelpful(0)You have already voted this
  5. Ranganath T.R.

    … a very interesting, informative and impressive video. Thanks a lot.

    Helpful(0) Unhelpful(0)You have already voted this
  6. Ahmad Aizat Rahmat

    Any suggestion or idea for strategy for a not for profit organization?

    Helpful(0) Unhelpful(0)You have already voted this
  7. Baxter

    Very good video – well done

    Helpful(0) Unhelpful(0)You have already voted this
  8. Oliver Wills

    Thank you for the explanation. Very much appreciated HBR.

    Helpful(0) Unhelpful(0)You have already voted this
  9. Phirun Kao

    It's the best 10 mins about strategy!

    Helpful(0) Unhelpful(0)You have already voted this
  10. ALEXpansion

    1 minute about strategy – the rest is a bullshit. Shitty content.

    Helpful(0) Unhelpful(0)You have already voted this
  11. Joaquin Jackson

    Very good explanation! Thank you

    Helpful(0) Unhelpful(0)You have already voted this
  12. Jean-Luc Yao

    Some people are born to make teaching painless 🤧

    Helpful(0) Unhelpful(0)You have already voted this
  13. Meshan Govender

    Profound content. What a gift to be able to explain something so complex so simply. A true MBA in 10 mins

    Helpful(0) Unhelpful(0)You have already voted this
  14. Mark Eames

    The ideas here are good and certainly valuable with respect for customer and employee UVP. Strategy is so oft subject to simplification models which are useful but to believe that any one model is complete is likely to be hazardous for both investor pockets and employees. For example, we additionally need to consider efficient operations Customer management – acquisition, satisfaction, retention, support, Innovation and supporting innovation to sustain value, Product research and development, Social responsibility, Compliance, Development of culture. Finally, we cannot assume the world is stable, failure to consider changes in technology, social, economic, demographic trends on the business, along with the actions of competitors, changes in industry structure and dynamics upon customers, suppliers and other participants in the ecosystem is to become a Blockbuster rather than a Netflix. Strategy is also about enabling the business to skate to where customer needs will be not just where they are today and doing that with resources and capabilities the business has and or can develop in a sustainable manner, hence the resource / capability view of strategy

    Helpful(0) Unhelpful(0)You have already voted this
  15. Abir Ahmed

    Can we see this in real world"
    Wow, that question and answer really made the difference for me, you created a real value guys. Thanks

    Helpful(0) Unhelpful(0)You have already voted this
  16. T

    Felix has always bern awesome!

    Helpful(0) Unhelpful(0)You have already voted this
  17. Richard Abbe

    Great discussion on this topic! Thanks!

    Helpful(0) Unhelpful(0)You have already voted this
  18. U ARE STRONGER THAN ANY DIFFICULTIES

    Thank you

    Helpful(0) Unhelpful(0)You have already voted this
  19. Ouga Wouga Jr.

    Not what you are doing here. Otherwise you wouldn't have lost the job.

    Helpful(0) Unhelpful(0)You have already voted this
  20. Alejandro

    Amazing video!

    Helpful(0) Unhelpful(0)You have already voted this
  21. Patricia Tejado

    Excelente explicación. Gracias!

    Helpful(0) Unhelpful(0)You have already voted this
  22. Daniel O’Brien

    a company exists to service communities of living people, NOT to create value for what you say… that is secondary… when companies start exploiting communities to steal wealth for unnamed third parties, they are not companies, they are cartels… value for shareholders is fine, communities have needs, and capital needs funding… you say nothing about communities, therefore you say nothing about ethics… without ethics, this promotes corporate psychopathy… communities come first!

    Helpful(0) Unhelpful(0)You have already voted this
  23. Daniel O’Brien

    no, incorrect… not bad intentions, but that's all planning… plans and strategy are separate… plans can be parts to implement a strategy during low uncertainty… during high uncertainty, strategy, as always, should focus on avoiding the worst outcomes… avoiding the worst outcomes is the only path to success… strategy allows flexibility and reactivity… plans are rigid and don't react… you have it in parts, but your message is simplistic, and endemic of how badly strategy is actually understood in business… stop chasing success all you sociopathic frauds… the system of a company is corrupted, that whole system is causing far too many problems…

    Helpful(0) Unhelpful(0)You have already voted this

    Add a review

    Your email address will not be published.

    What Is Strategy? It’s a Lot Simpler Than You Think reviews
    What Is Strategy? It’s a Lot Simpler Than You Think reviews

    Reviews We Trust
    Logo
    Register New Account
    Reset Password