Strategy Unplugged: Dialogues with Dr. John Hillen

Polaris is a production of Synozur – the transformation company. Synozur reimagines business for our clients, navigating the complexities of transformation and strategy with ease. In this episode of Polaris, Chris McNulty engages with Dr. John Hillen, author of 'The Strategy Dialogues', to explore the complexities of business strategy. They discuss the common misunderstandings surrounding strategy, the importance of dialogue in strategy development, and how to bring strategic thinking into everyday business practices. Dr. Hillen emphasizes the need for clear definitions of strategy, the distinction between strategic planning and thinking, and the critical questions organizations should ask to define their strategic direction. The conversation also touches on the significance of values, the role of networking in strategic relationships, and innovative approaches like blue ocean strategy. Finally, they address the pitfalls of annual strategy cycles and the importance of measuring strategic success. Dr. John Hillen is a versatile leader with an impressive background spanning business, government, the military, and academia. As a CEO, Board Chairman, and former U.S. Assistant Secretary of State, he's navigated complex strategic landscapes and shared his insights through teaching at notable institutions like Duke University and George Mason University. An author of several influential books, including 'What Happens Now? Reinvent Yourself as a Leader Before Your Business Outruns You,' Dr. Hillen has also contributed to prestigious publications such as Forbes and The New York Times.  He also holds two masters' degrees, a Ph. D from Oxford, and a Fulbright Scholarship. Polaris is available on Apple, Spotify, Amazon, YouTube or wherever you get your favorite podcasts. Thanks. References Interview Notes  Our guest, Dr. John Hillen, is the author of The Strategy Dialogues. You can get in touch with him through his website, JohnHillen,com Andrew Ross Sorkin also used narrative dialogue to tell the story of the 2008 financial crisis in Too Big to Fail "The undiscovered country from whose bourn no traveller returns." – William Shakespeare, Hamlet, Act 3 Scene 1. – see AllGreatQuotes.com Norm Augustine, Lockheed Martin CEO, looked at the business implication of Shakespeare's work in Shakespeare in Charge: The Bard's Guide to Leading and Succeeding on the Business Stage Lee Iacocca thought about the minivan at Ford, but made it a reality at Chrysler in 1983 - The History of the Minivan – Smithsonian Magazine 2013 Cirque du Soleil is known for their global stage shows and traveling performances – learn more about their origin at How Cirque Du Soleil's Strategy Reinvented The Circus (Instrategia) Heidi Roisen is legendary for making strategic leadership networks through Silicon Valley. Statistics and Data Points According to a survey conducted by Forbes Coaches Council, 90% of respondents believe a strategy is necessary to carry out business activities. But only 14% of executives indicated they had fulfilled their strategic plan from the prior year. [Source: The Importance Of Strategic Planning For Business Success, Forbes] Based on a study by ClearPoint, 80% of leaders feel their company is good at crafting strategy, but only 44% feel they are good at implementation. [Source: 50+ Strategic Planning Stats: Boost Your Strategy Success – ClearPoint] Pop Culture The Lord of the Rings (film series) - Wikipedia The Godfather (1972) - IMDb The Lord of the Rings (film series) - Wikipedia Slow Horses Succession – won six Emmys in 2024 to bring its t9tal to 19. - How Many Emmys Did Succession Win in 2024? - Parade Events Microsoft 365 Community Conference | May 5-8, 2025 (Vegas) Microsoft Build | May 19-22 (Seattle Convention Center) European Collaboration Summit | May 26-28, 2025 (Düsseldorf, Germany) Mastering Your AI Rollout: Success Strategies | June 12, 2025 (TribalHub Online) TechCon 365 Seattle - June 23-27, 2025 Takeaways Strategy is often misunderstood and misapplied in organizations. Dialogue is a powerful tool for developing and understanding strategy. Strategic planning is not the same as strategic thinking. Key questions like 'What is our winning aspiration?' are essential for effective strategy. Building strategic thinking skills is vital for leaders and organizations. Networking and relationships are integral to successful strategic leadership. Blue ocean strategy encourages companies to seek untapped markets. Avoiding the annual strategy trap requires continuous measurement and adaptation. Sound Bites "I think the A question in strategy is not what to do, but what do we not do? What do we not spend?" "Trying to see patterns emerging in the future...because the future rarely follows a perfectly linear path...[is what] strategic thinking really is versus  the annual corporate budgeting drill is. That's the number one reason why I see people resisting...true strategic thinking and planning." "Everybody's got the strategic thinking muscle, even though only a small percentage ... naturally think strategically, but everybody can build that muscle." "[On strategic networking] If you wait until you need a [strategic] relationship, it's too late to form it." "[Blue Ocean Strategy] Instead of seeking out the most competitive environment where everybody's fighting for the customers and the ocean is red from all the blood in the water, go to where the customers ain't, but you could provide a value proposition that could draw new customers there." "Let's go where the enemy ain't." Production Polaris is produced with the help of our friends at Riverside.fm. Our theme song, "Alternative Dream" is provided courtesy of Adobe.  Additional music and sound provided by IndieGuy Records. Graphic design by Josh Brantley.     Chapters 00:00 Introduction to Dr. John Hillen 04:25 Introducing Dr. John Hillen 07:00 The Strategy Dialogues: A Narrative Approach 11:29 Bringing Strategy Down to Earth 15:24 Defining Strategy vs. Goals 18:10 Key Questions for Strategic Thinking 21:24 Success in Strategy: The IKEA Example 24:33 Cultivating Strategic Thinking Skills 29:14 The Power of Networking in Leadership 34:28 Understanding Blue Ocean Strategy 44:08 Avoiding Common Strategic Pitfalls 45:57 Cultural Reflections and Personal Insights 49:47 Staying in Touch 50:57 Upcoming Events 53:04 Wrap-Up and Acknowledgments