Episode #72 Elon Musk: Entrepreneur and Strategist

Podcast Episode

Did you ever wonder how some individuals are so successful that they actually change the world?  Are you trying to change your world by starting a new business?  Today we talk about combing strategy and entrepreneurship, the dynamic duo of business success.  We’ll be pulling a little information from Lean Strategy by David Collins. Harvard Business Review, March 2016.

 

 

 

takeaway_logo_dark (1)      ( Download the Take-Aways!)

    1. Design a strategic plan using our prior Strategic Planning Podcast
    2. Or use this simple template:
      1. Pick your vision
      2. Inspect your internal strengths and weaknesses.
      3. Observe your outside opportunities and obstacles.
      4. Develop an overall strategy to get you to your horizon.
      5. Design sub strategies focusing on certain needs like marketing, expansion, procurement.
    3. Design a business plan by checking out our Business Plan Podcast.  Or using your strategic plan as a guide.  Each item in your action plan should relate to one of your sub strategies
    4. Strategy can help entrepreneurs
      1. Focus on a horizon
      2. Investigate and measure opportunities
      3. Interrelate your strategy and tactics

Moral: Keep one eye on your horizon and the other on the step in front of you.

 

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