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Thinking About Strategy? Think LONG Term! Barry Talks to Francis Wade
Manage episode 449002360 series 3592667
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Summary
In this conversation, Barry Eustance and Francis Wade of Framework Consulting discuss the significance of long-term strategic thinking in organisations.
Francis shares insights from his experience in strategic planning, emphasising the need for game-changing strategies that extend beyond short-term results.
He explains how to overcome the prevalent short-term mindset in executive teams and the importance of backcasting to create a unified long-term vision.
The discussion also touches on the legacy leaders leave behind and the transformative power of thinking long-term.
Takeaways
- Long-term strategy is about game-changing results, not just thinking ahead.
- Organisations often focus too much on short-term results due to pressure from investors.
- Commitment to long-term value creation leads to more ambitious strategies.
- Backcasting helps teams visualise their long-term goals and plan accordingly.
- Short-term actions should align with long-term aspirations for effective strategy.
- Legacy thinking can inspire leaders to make impactful decisions today.
- Diverse age demographics in teams can enhance strategic discussions.
- Facilitating difficult conversations is key to developing a unified strategy.
- Long-term thinking can reveal the irrelevance of current focuses and investments.
- The process of strategic planning should be rigorous and credible to avoid wish lists.
Sound Bites
- "It’s about long-term thinking and strategy."
- "What are you going to argue for?"
- "Thinking Long Term – “the magic happens”
Chapters
00:00 Introduction to Long-Term Strategy
10:06 Legacy and Long-Term Thinking
19:34 Facilitating Backcasting for Strategy
30:01 riverside_barry__ oct 17, 2024 001_the_sixsess consult.mp4
30:1 1JGP Live Outro 090824 V1.0.wav
Useful Links
The Sixsess Consultancy Website
Barry Eustance’s LinkedIn
https://www.linkedin.com/in/barry-eustance/
Framework Consulting’s Website
https://fwconsulting.com/wordpress/about-us/francis-wade/
Francis Wade’s LinkedIn
https://www.linkedin.com/in/franciswade/
Long-Term Strategy Newsletter and Podcast
The Long Term Strategy Conference 2025
https://strategyconf.fwconsulting.com/francis-wade/
The Emergent Approach to Strategy – Peter Compo
https://emergentapproach.com
Peter Compo’s LinkedIn
https://www.linkedin.com/in/petercompo/
Keywords
long-term strategy, game-changing results, strategic planning, backcasting, organisational growth, leadership, commitment, vision, legacy, short-term thinking
18 episode
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