2. Strategy as Strategic Decision Making A Chapter 4 Presentation Lynsey Kennedy Olga Velez Joe Dollowitch Shayla Sharp

3. Effective Strategy A fundamental dynamic capability Fast Widely supported High-quality decisions

4. Four Approaches Build Collective Intuition Stimulate Quick Conflict Maintain the Right Pace Defuse “Political” behavior

5. Building Collective Intuition Hold regular meetings Rely on “real-time” data and information Track external information Intense interaction

6. Stimulate Quick Conflict Assemble diverse teams Create alternatives Rapidly compare alternatives & options

7. Maintain The Right Pace Maintain Pace – Not decision speed! Consensus with Qualification Plan the progress so that decision- making process is more predictable

8. Defuse Political Behavior Create common goals Use Humor Delineation of Responsibility

9. Discussion of Articles Lynsey Joe Olga

10. “Timely Decisions” OODA: observe, orient, decide, and act Emphasis on rapid decision making, getting inside and disrupting competitors’ decision cycles If teams have a common understanding of the mission, quick decisions can be made without seeking approval from other stakeholders The project manager must be the one to establish a common understanding of the mission Orientation is a key step: filtering and evaluating the meaning of the observed events

11. Innovation’s Success Factors Compelling case for action Shared strategic vision Innovation agenda Involvement by senior management Teamwork-based decision-making

12. Innovation’s Success Factors Multi-functional team Marketplace drivers of innovation Willingness to take risk Well-defined implementation process

13. “Make Conflict Management Successful” by Jennifer Wilson Step 1: Defining the conflict. Step 2: Commit to discuss the conflict. Step 3: Document the conflict. Step 4: The sharing step. Step 5: Listening. Step 6: Outline the consequences. Step 7: Develop a Solution. Step 8: Document the new Action Plan.

14. The fun starts now!

15. Strategist