Category: Strategy

Strategy Quest is Featured on Novels Alive!

Strategy Quest is Featured on Novels Alive!

https://prophetalucro.com/blog/f/novels-alive

16 MBTI® types business Business Training CEO Mindset coaching Creative Intuition Creative Leadership Creative Thinking decoding personality type Entrepreneurial Thinking executive development executive leadership HR innovation leadership Leadership Development Learning and Development management marketing motivation myers-briggs personality type business neuroscience Paul Sacco personality type personality type books for business personality type business personality type strategy problem solving start-ups Strategic Innovation Strategic Leadership Strategic leadeship Strategic Mindset StrategicPlanning Strategic Planning Strategic Thinking strategy strategy quest strategy quest book transformation visionary

Strategy Quest Featured on Literary Gold!

Strategy Quest Featured on Literary Gold!

https://prophetalucro.com/blog/f/strategy-quest-excerpts-featured-literary-gold

16 MBTI® types business Business Training CEO Mindset coaching Creative Intuition Creative Leadership Creative Thinking decoding personality type Entrepreneurial Thinking executive development executive leadership HR innovation leadership Leadership Development Learning and Development management marketing motivation myers-briggs personality type business neuroscience Paul Sacco personality type personality type books for business personality type business personality type strategy problem solving start-ups Strategic Innovation Strategic Leadership Strategic leadeship Strategic Mindset StrategicPlanning Strategic Planning Strategic Thinking strategy strategy quest strategy quest book transformation visionary

Westveil Publishing Feature

Westveil Publishing Feature

I’m pleased to see that Strategy Quest is currently featured by Westveil Publishing at the link below!

Strategy Quest by Paul A. Sacco [Excerpt Tour]

16 MBTI® types business Business Training CEO Mindset coaching Creative Intuition Creative Leadership Creative Thinking decoding personality type Entrepreneurial Thinking executive development executive leadership HR innovation leadership Leadership Development Learning and Development management marketing motivation myers-briggs personality type business neuroscience Paul Sacco personality type personality type books for business personality type business personality type strategy problem solving start-ups Strategic Innovation Strategic Leadership Strategic leadeship Strategic Mindset StrategicPlanning Strategic Planning Strategic Thinking strategy strategy quest strategy quest book transformation visionary

Strategy Quest Featured on ‘Long & Short Reviews’!

Strategy Quest Featured on ‘Long & Short Reviews’!

http://www.longandshortreviews.com/?s=strategy+quest

16 MBTI® types business Business Training CEO Mindset coaching Creative Intuition Creative Leadership Creative Thinking decoding personality type Entrepreneurial Thinking executive development executive leadership HR innovation leadership Leadership Development Learning and Development management marketing motivation myers-briggs personality type business neuroscience Paul Sacco personality type personality type books for business personality type business personality type strategy problem solving start-ups Strategic Innovation Strategic Leadership Strategic leadeship Strategic Mindset StrategicPlanning Strategic Planning Strategic Thinking strategy strategy quest strategy quest book transformation visionary

Few Have A Strategy Mindset- But Anyone Can

Few Have A Strategy Mindset- But Anyone Can

My experience in business taught me the value of having a strategic mindset. This rare state of mind is essential for a leaders’ success, yet business schools don’t teach it.   Business schools teach strategic analysis; however, at its core, the strategic mindset is composed of strategic intuition and strategic thinking. The result is that strategy professors from leading business schools lament that what executives do is not strategic. This perspective is much like selling rotten lettuce to a restaurant and then blaming the chef for the lousy salad.  

Although blessed with a strategic mindset’s essentials, I had trouble putting my finger on precisely what it entailed. So, I journeyed on a three-year quest to write my book, Strategy Quest. I found that personality type plays a critical role in how we approach strategy. Our personality type influences how we define strategy and the level of risk we are willing to take. It also determines how we decide on opportunities and whether we will find them, hire consultants to do so, follow business trends or a competitors’ lead.  

Our various personality types are made-up of preferences for two of the eight mental processes or functions. These preferred functions make-up our go-to mindset when tasked with doing something important like finding strategic opportunities for our organization. Only two percent of the population has the personality type made up of the core mental processes required to create and verify strategic opportunities.  Fortunately, this type is over-represented in business, making up 11% of executives.  However, a third of executives prefer the one mental process that makes them better managers while undermining their strategic leadership approach.  The good news is that we all have a complete set of eight cognitive functions and can learn to apply the seven appropriate to your Strategy Quest.

In writing Strategy Quest, I learned so much about personality types that I decided to become a Certified MBTI® Practioner. I can now assess clients’ personality types and help them broaden their cognitive approach to overcome their preferences’ bias.

Paul Sacco

Protect Your Business from the Einstellung Effect

Protect Your Business from the Einstellung Effect

The Einstellung Effect (EE) explains how repeated practice and prior knowledge can hinder finding new solutions. Through habit, people tend to robotically rely on existing thought patterns, also known as paradigms, even when these are no longer useful or relevant. When it comes to strategy, dependence on paradigms is risky. Leaders must protect their businesses from EE.One source of the Einstellung Effect is inductive reasoning. When we learn something through repeated experience, we generalize that it is true. But there may be exceptions to the rule of which we are unaware. For example, if you have only seen white swans, the inference that “all swans are white” might hold until you encounter a black swan. Any of us might be vulnerable to EE as a result of complacency. It is easier to stick with what works than it is to proactively create better ways. You or your colleagues might have reinforced the Einstellung Effect by saying, “If it ain’t broke, don’t fix it.” But our paradigms can become a Frankenstein of our own creation. Late to their party, Kodak declared bankruptcy in 2010. Its executives might have relied on the paradigm that cameras will continue to use film since they always have.With introverted sensing in their personality type, the ISTJ, ISFJ, ESTJ, and ESFJ might be more susceptible to EE. These types use introverted sensing to call upon their paradigms to deliver reliable and trustworthy solutions. Anything new must have tangible proof. If told about black swans, introverted sensing types might be skeptical. For these types, seeing is believing, and black swans might remain an abstract concept until they see one for themselves. Henry Ford (ISTJ) might not have invented the assembly line had he only been told of a mechanical production line in a meat processing plant. Fortunately, once he saws it for himself, it became tangibly real. Any of us might be vulnerable to EE as a result of complacency. It is easier to stick with what works than it is to proactively create better ways. You or your colleagues might have reinforced the Einstellung Effect by repeating the mantra, “If it ain’t broke, don’t fix it.” Stress also induces the Einstellung effect. The more pressure we are under, the more we seek the imagined certainty of our paradigms. When EE results in a crisis, companies turn to consultants. Experts are notoriously susceptible to the Einstellung Effect, so don’t expect any creative solutions. Instead, you will be advised to reduce costs, clean up the balance sheet, divest assets, or consider a merger or acquisition. In a crisis, these tactical approaches are usually appropriate but far from optimal for the owners of the business. The key to safeguarding your business from the Einstellung Effect is proactively challenging the status quo by creating insightful ideas for strategic change. Make these ideas tangible by turning them into detailed concepts. Then analyze, debate, and decide on these. Prevent your business from having its own “Kodak moment” by changing your paradigms before they become irrelevant.