Showing posts with label strategy. Show all posts
Showing posts with label strategy. Show all posts

Friday, 18 April 2014

Thoughts for startups (no. 6)

"Nine-tenths of tactic were certain enough to be teachable in schools; but the irrational tenth was like the kingfisher flashing across the pool, and in it lay the test of generals."
 T.E.Lawrence, Seven Pillars of Wisdom

A quote from that Lawrence, from his book that became the basis of the film Lawrence of Arabia. This is as true now in a business context as it was then and now in military campaigns.

You can't teach that vision element of strategy; an MBA can give knowledge that helps prevent mistakes, to understand laws and financial accounts, and provide tools to help you analyse how the organisation or a team or a product line are performing, and how that performance might be improved; so much can be taught in an MBA. Maybe a good MBA can help you to execute

But what can be taught is Lawrence's nine-tenths; but you need the vision, the deep inner understanding of your company's strengths and weaknesses, of what your product will become, of your market, the future. You need the irrational tenth

Monday, 5 August 2013

Thoughts for startups (no. 2)

Though this is really a follow-on from no.1 (isn't that always the way with thoughts?) we'll let it standalone.


"it ain't what you don't know that gets you into trouble, it's what you know for sure that just ain't so"

and

"I once was lost but now am found,
Was blind, but now I see."

The latter is from the lyrics of Amazing Grace, written by the reformed slave ship captain turned abolitionist John Newton and published in 1779.

The former is peculiarly self referential, as most state it is a quotation of Samuel Clemens (possibly writing as Mark Twain). But research has failed to find any such line in his writings nor any contemporaries attributing the quote to him. Now that's irony, Alanis...

But regardless of origin, the point made stands. If you make strategic decisions based on your belief that something is so when it isn't, you'll make bad to disastrous decisions - but if you make decisions that accept uncertainty, bad decisions will be less likely.

But John Newton's lyric brings other concerns. The implication is that previously there was held a misplaced certainty; this error has been uncovered and the truth is now known. But what if the truth now known is not entirely the truth, the whole truth and nothing but the truth? What if, though different to the previous truth, it is equally incorrect?

Operating on the basis of uncertainty is a more sensible approach to strategy. It doesn't preclude the use of research, just an acceptance that research at best determines what has been, and never what will be and that truth is so very often relative. The future is certainly uncertain, and if you take that into account when making planning around your startup you'll tend to have better outcomes.