Admired Leadership Field Notes

Share this post

Defeated By a Winning Strategy

admiredleadership.substack.com

Discover more from Admired Leadership Field Notes

Daily leadership wisdom you can read in about a minute. Become a better leader in your business, your family, or any social circle. The #1 listed leadership newsletter on Substack.
Over 32,000 subscribers
Continue reading
Sign in

Defeated By a Winning Strategy

Admired Leadership
Oct 24, 2021
9
Share this post

Defeated By a Winning Strategy

admiredleadership.substack.com
Share

When conditions change, the smart ones among us adjust their strategies to compensate. Not doing so would obviously be foolish. Yet, we too often fall in love with our strategies. We presume what has worked so marvelously in the recent past won’t let us down regardless of external changes. So, we stay with our winning hand, often doubling down on a strategy that is no longer working. 

Winning blinds us from seeing changes in the environment that call for a shift. Investors have an expression for this: “Defeated by a winning strategy.” The same is true for leaders who become overly committed to a strategy that has worked for a long time. Unfortunately, no strategy works under all conditions and environments. Good leaders cherish success but are mindful that changes in markets, people, culture, and economics require a shift in strategy. Reexamine and challenge your strategies. Don’t fall in love with them. Save that for people. 

9
Share this post

Defeated By a Winning Strategy

admiredleadership.substack.com
Share
Previous
Next
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Admired Leadership
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing