26. How to make the bold strategy moves that matter

In this episode of "Inside the Strategy Room," Sean Brown hosts Chris Bradley, Martin Hirt, and Sven Smit to discuss the key factors influencing a company's strategic success, drawing from their book "Strategy Beyond the Hockey Stick." They delve into the 10 variables that determine a company's probability of success, categorized into the company's starting point (endowment), industry and geographic trends, and strategic moves. The discussion emphasizes the importance of "big moves," such as M&A strategy, resource reallocation, CapEx investment, productivity, and differentiation, and how executing multiple moves aggressively can significantly improve a company's position on the economic profit power curve, even overcoming a poor initial inheritance. The panel also addresses the challenges of implementing these moves, including social dynamics and biases within leadership teams, and stresses the importance of empirical analysis to benchmark and drive strategic decision-making in an uncertain global environment.