
Are you a “Swiss knife” leader? Take this test to find out
In turbulent times, you need leaders who are like Swiss knives: take this self-test to find out if you are up to the challenge....
by Niccolò Pisani Published 27 October 2021 in Brain circuits • 3 min read
During COVID-19, it was clear that companies that were able
to focus on their strategic priority were able to respond much quicker to the
changing context and new challenges posed by the pandemic. There are five key
strategic priorities you may focus on, depending on your industry, your level
of development and resources, and what the next disruption brings you.
When you are in a time of crisis, or coming out of one, it is a good time to take stock and look at what you can do to insulate yourself from future market disruptions. There are four steps to this. In part one we looked at how to prepare ahead for hard times; in part two, we looked at understanding your environment; and in part three we examined how to stay flexible and be ready to make changes. In this final instalment, we consider the need to focus on your strategic priority.
During COVID-19, it was clear that companies that were able to focus on their strategic priority were able to respond much quicker to the changing context and new challenges posed by the pandemic.
There are five key strategic priorities you may focus on, depending on your industry, your level of development and resources, and what the next disruption brings you.
The fundamental issue is that you cannot do all these things at once. You need to look at your business when a crisis hits and determine what need to be your top priorities, then focus on those that are key for navigating through the crisis and future-proofing your organization.
IMD Professor of Strategy and International Business
Niccolò Pisani’s areas of expertise are strategic management and international business, with emphasis on globalization, sustainability and digitization. One of Niccolò’s key areas of interest is corporate social responsibility – his research in this stream has recently focused on inequality and sustainable cities. He Directs the new International Growth Strategies program.
24 June 2022 • by Sameh Abadir, Niccolò Pisani in Brain circuits
In turbulent times, you need leaders who are like Swiss knives: take this self-test to find out if you are up to the challenge....
22 June 2022 in Brain circuits
It doesn't take magical powers to become good at predicting the future, it just takes honing one skill, which all leaders should learn....
17 June 2022 in Brain circuits
Ask yourself these questions to identify where you may need to rethink your strategy to deal with ongoing inflationary pressures....
16 June 2022 in Brain circuits
If you find yourself fighting to achieve work-life balance, you may want to consider your personal energy in financial terms. Figure out what is draining you and what restores your stocks....
You have 4 of 5 articles left to read.