Strategic leadership requires identifying all the pieces of the puzzle before making decisions
In addition to considering the organization’s BATNA, or best alternative to a negotiated agreement, strategic leadership requires consideration of how an agreement could affect other interested parties—including existing clients, customers, and partners; government entities; and the public at large. Rather than viewing them as deal blockers, think about what they might bring to the table.
The following items are tagged strategic leadership:
Leaders sometimes need to devote significant time to convincing a counterpart of the logic and appeal of their proposals. What happens when they need to persuade negotiators on opposite sides of an issue to see your point of view? Such situations highlight why negotiation is important in leadership, as effective leadership can require special skills … Read More
When old business models no longer serve us well, strategic leadership is needed to adapt to new times and conditions. This was true when entertainment-industry disrupter Netflix and two major U.S. theater chains tried to negotiate a wide theatrical release for The Irishman, the Netflix-financed Martin Scorsese film. Their impasse highlights the important role of … Read Strategic Leadership: Move Beyond the Status Quo
When faced with conducting a series of negotiations with numerous counterparts, we often benefit from teaming up with colleagues. There’s much to learn about collaborative leadership from the deals that curators at France’s Louvre Museum conducted to secure loans of Leonardo da Vinci works for a major exhibit that opened in October 2019, as Kelly … Read Collaborative Leadership at the Louvre
Amid tightening global competition and demand for new technologies, automakers are feeling the urge to merge. In late 2018, Fiat Chrysler chairman John Elkann, an American-Italian running his family’s business, stepped up the search for a merger partner and reached out to Renault, among other companies.
For organizational leadership at Renault and Fiat Chrysler, the benefits … Read More