Why is it that some companies have great heads of strategy who make an outstanding contribution to their companies, while others don’t? To answer this question, we evaluated 55 heads of strategy, and looked more closely at 11 who were particularly successful and 10 who were at the other end of the spectrum. The full findings are contained in this white paper. But here’s a synopsis of what we learned.
Here’s Why Strategy Chiefs Succeed or Fail
Based on a study of 55 strategists.
January 19, 2018
Summary.
Why is that some companies have great heads of strategy who make an outstanding contribution to their companies, while others don’t? To answer this question, we evaluated 55 heads of strategy, and looked more closely at 11 who were particularly successful and 10 who were at the other end of the spectrum. Here’s what the authors learned: The person’s capabilities should fit the challenges facing the organization. As corporate priorities change, so should the head of strategy. In some cases, it pays to tailor the job to the candidate’s unique capabilities. Make sure the critical skills don’t already exist in-house. Finally, don’t underestimate the importance of cultural fit.
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New!
HBR Learning
Leading People Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Leading People. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
What you need to know about being in charge.