I’m just back from a short holiday in Italy and I always find these breaks are good for seeing things in a new (or least a slightly different) light. Often this results in changing the amount of time I allocate to my different personal (or collaborative) projects. Some in actuality I haven’t even started and others have meandered so an honest review is always handy anyway.
Part of this is figuring out what activities really matter. I recently came across this thought-provoking quote:
“Good strategy works by focusing energy and resources on one or a very few pivotal objectives, whose accomplishment will lead to a cascade of favourable outcomes.” – Richard Rumelt
Not just a highly favourable outcome, a cascade of outcomes! This puts things in quite a different light. So, in part, it means saying ‘no’ to things (and being comfortable and disciplined in this) but also to imaginatively think through the possible consequences of a ‘yes’. The use of the word ‘cascade’ emphasises anticipating not just one (major) jump ahead but (loosely) a few more.
The author of the quote is the Professor of Business & Society at UCLA Anderson and he’s written a well reviewed book on this topic: Good Strategy/Bad Strategy. Here are some sample extracts:
Good strategy is rare. Many organizations which claim to have a strategy do not. Instead, they have a set of performance goals. Or, worse, a set of vague aspirations. It is rare because there are strong forces resisting the concentration of action and resources. Good strategy gathers power from its very rareness.
Competitors do not always respond quickly, nor do customers always see the value of an offering. Good strategy anticipates and exploits inertia.
Organizations experience significant entropy—the continual drift towards disorganization. Much of the useful work of managers and consultants is maintenance—the constant battle against entropy. Strategists must battle this never-ending drift towards disarray within their own organization. And they must try to exploit the disarray of their rivals.