Strategy, Rediscovered? — Martin Weigel
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Strategy, Rediscovered? — Martin Weigel
“Strategy can be considered a simple machine that consists of just four working parts: Ends, Ways, Means, and Assumptions”
For Gray, Ends were the goals, Ways the actions taken, Means were the resources deployed, and Assumptions were the necessary leaps, imagination, and guesses.
Strategy, Rediscovered? — Martin Weigel
Strategy is about “shifting events and outcomes in one’s favour. Strategy in other words, is about creating new futures.”
“The chief utility of a general theory... of strategy lies in its ability not to point out lessons, but to isolate things that need thinking about. Theory provides insights and questions, not answers.”
Strategy, Rediscovered? — Martin Weigel
Harvard Business School Professor Clayton Christensen (2016) put it even more concisely:
Theories then, are ideas about how things work - about causality and how to create change. And those who dismiss theory dismiss the practical application and power of ideas.
“A theory is a statement of causality. It’s a statement of what causes what and why.”
Theories then, are ideas about how things work - about causality and how to create change. And those who dismiss theory dismiss the practical application and power of ideas.