What fast-growing companies need is strategic thinking—not strategic planning. Here are three things smaller companies can do to develop an adaptive, opportunistic approach to strategy. Think planning in the hallway—not in the boardroom.
As a change agent, the worst thing that can happen is that you see something and don’t bring it up—you become seduced by the process and become part of the problem by failing to change it. Most animals survive by blending with the herd. Who wants to be the white buffalo, the one the wolf targets? Change agents are white buffaloes.
There are two core skills for running an organization: 1. Knowing what to do and 2. Getting the company to do what you know. While being a great CEO requires both skills, most CEOs tend to be more comfortable with one or the other.