Closing Remarks for the Part

Peter Lorange and Karin Mugnaini
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Peter Lorange: IMD
Karin Mugnaini: IMD

Chapter 20 in The Future-Ready Leader, 2023, pp 191-192 from Springer

Abstract: Abstract We have now read and heard much about why strategy is so important for business. Vision, direction, clear goals that are vocalized, and the idea that strategy is a fluid process have been shared here. Strategy should create or improve business performance, but establishing, embracing, and communicating strategy is no easy feat. Strategic planning requires data, analysis, time, effort, and a constant assessment. Everything is impermanent. Accepting this can help us evolve, both professionally and personally as leaders. And, as we have seen, creativity and originality are at the center of this process. Each of the persons featured indicate how they have been able to “spot” something truly original, which has then become the “raison d’être” of the firms they lead. It is this uniqueness that makes the differences, but realism is also key here—there seems to be relatively little difference between success and failure. To push for positive limits seems to be key!

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-45090-7_20

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DOI: 10.1007/978-3-031-45090-7_20

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