225. Alex Gorsky, former chair and CEO of Johnson & Johnson

In this podcast, Alex Gorsky, the former CEO of Johnson & Johnson, shares his insights on effective strategy. He underscores the need to make strategy a part of everyday operations and to cultivate a culture of innovation. Gorsky believes that CEOs should be hands-on, actively seeking out diverse viewpoints and making tough choices informed by both data and intuition. He also highlights the importance of building strong relationships with the board and managing capital allocation wisely. Ultimately, he advocates for bold decision-making and seizing the opportunities that emerging technologies, like AI, present.

Outlines

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Inside the Strategy Room

Operationalizing Strategy: A CEO's Perspective

Strategic Decision-Making at J&J: From Daily Operations to Major Moves

Accessing Firsthand Knowledge and Overcoming Informational Barriers

Building Trust and Fostering Open Communication within Leadership Teams

Engaging the Board and Driving Strategic Change

Pivoting a Large Organization and Managing Resource Allocation

Navigating Uncertainty and Embracing Future Trends

Balancing Long-Term Strategy with Short-Term Expectations

Lessons Learned and Advice for Future Leaders

Balancing Intuition and Data-Driven Decision-Making

225. Alex Gorsky, former chair and CEO of Johnson & Johnson

Inside the Strategy Room

00:01Operationalizing Strategy: A CEO's Perspective

Operationalizing Strategy: A CEO's Perspective

05:56Strategic Decision-Making at J&J: From Daily Operations to Major Moves

Strategic Decision-Making at J&J: From Daily Operations to Major Moves

09:22Accessing Firsthand Knowledge and Overcoming Informational Barriers

Accessing Firsthand Knowledge and Overcoming Informational Barriers

13:11Building Trust and Fostering Open Communication within Leadership Teams

Building Trust and Fostering Open Communication within Leadership Teams

16:49Engaging the Board and Driving Strategic Change

Engaging the Board and Driving Strategic Change

23:13Pivoting a Large Organization and Managing Resource Allocation

Pivoting a Large Organization and Managing Resource Allocation

29:09Navigating Uncertainty and Embracing Future Trends

Navigating Uncertainty and Embracing Future Trends

33:32Balancing Long-Term Strategy with Short-Term Expectations

Balancing Long-Term Strategy with Short-Term Expectations

40:00Lessons Learned and Advice for Future Leaders

Lessons Learned and Advice for Future Leaders

45:14Balancing Intuition and Data-Driven Decision-Making

Balancing Intuition and Data-Driven Decision-Making