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Management article
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Reference no. SMR63112
Published by: MIT Sloan School of Management
Originally published in: "MIT Sloan Management Review", 2021
Length: 10 pages
Topics: Strategy

Abstract

Conventional ways of making strategy are inadequate to survive amid uncertainty and complexity. Rather, strategy must be grounded in company purpose based on deeply held values - what the authors call 'soul' - and informed by 'brain': cognition augmented by advanced analytics and other technologies. Implementing strategy becomes a way of life when leaders follow six key practices drawn from the examples of soulful business leaders in Japan and elsewhere.

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Abstract

Conventional ways of making strategy are inadequate to survive amid uncertainty and complexity. Rather, strategy must be grounded in company purpose based on deeply held values - what the authors call 'soul' - and informed by 'brain': cognition augmented by advanced analytics and other technologies. Implementing strategy becomes a way of life when leaders follow six key practices drawn from the examples of soulful business leaders in Japan and elsewhere.

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