I enjoyed the class activity, in which Larry and Sarah must make a decision about dealing with the requests from Placebo Domingo and Anne Nemia about replacing the old IV pumps with smart IV pumps. Our groups talked about how senior leadership must stress the importance of thinking about strategy holistically from a higher level. Strategic development is about setting the true north of the organization and the strategic goals to bring the organization closer to its vision. It is important for us to think about the need for senior leadership to balance between different needs and priorities with a set budget. Unfortunately, I'm not sure there's always a right answer?
Finally, I just want to add that I really appreciate the quote Dave shared with us on the Canvas module. It definitely captures the essence of what strategy is at its core. Additionally, the quote also helps us understand why having good strategy is important for an organization.
"Tactics is knowing what to do when there is something to do.
Strategy is knowing what to do when there is nothing to do."- Ksawery Tartakower
Strategy is knowing what to do when there is nothing to do."- Ksawery Tartakower
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