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Exploration vs Exploitation: Partnership's Role in Strategy Execution

The Strategy Gap

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Episode  ·  31:18  ·  Apr 17, 2024

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Given how dynamic and complex our world is, there’s no place for rigid and siloed approaches to strategy.This week, Michael Olaye, SVP and Managing Director of Strategy and Innovation at R/GA, shares his thoughts on developing strategy from a starting-point of flexibility and collaboration. While internal processes and expertise play a vital role in achieving an organization’s goals, too often teams miss out on game-changing solutions and methodologies by refusing to collaborate with outside agencies and industries that provide invaluable perspectives and insights. Michael, Joe, and Jonathan share personal experiences and dissect some useful case studies that illustrate why partnership and agility should be at the core of strategy development.Join us as we discuss:The evolution of strategy over the yearsWhen it's more advantageous to pursue an internal development versus an external partnershipBringing users into the product and strategy development processHow small companies can have massive impacts on much larger organizationsNotes: Link to Ted Talk discussed during the episode --> https://www.ted.com/talks/knut_haanaes_two_reasons_companies_fail_and_how_to_avoid_them/transcript

31m 18s  ·  Apr 17, 2024

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