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This	
  is	
  a	
  10	
  minute	
  talk	
  given	
  to	
  an	
  audience	
  of	
  London	
  strategists	
  and	
  planners	
  at	
  Google’s	
  London	
  HQ	
  on	
  June	
  10th	
  
2015.	
  It	
  was	
  a	
  Google	
  Firestarters	
  event	
  curated	
  by	
  Neil	
  Perkin	
  and	
  enHtled	
  The	
  Magnificent	
  Seven.	
  Six	
  of	
  London’s	
  
finest	
  planners	
  (and	
  me)	
  were	
  invited	
  to	
  share	
  “The	
  most	
  useful	
  thing	
  you	
  have	
  learned	
  in	
  your	
  career	
  to	
  date”	
  in	
  the	
  
form	
  of	
  a	
  provocaHon.	
  I	
  was	
  third	
  on	
  out	
  of	
  seven.	
  Hence	
  the	
  Htle:	
  ProvocaHon	
  3.	
  
I	
  felt	
  a	
  liSle	
  like	
  Pete	
  Best.	
  “Who?”	
  you	
  say.	
  Exactly.	
  Pete	
  Best	
  was	
  the	
  Beatles’	
  drummer	
  before	
  Ringo	
  Starr.	
  
SomeHmes	
  referred	
  to	
  as	
  the	
  FiYh	
  Beatle.	
  He	
  is	
  a	
  relaHve	
  unknown	
  and	
  that	
  is	
  how	
  I	
  felt	
  sharing	
  a	
  plaZorm	
  with	
  the	
  
great	
  and	
  the	
  good	
  of	
  the	
  London	
  planning	
  scene.	
  
Here	
  is	
  my	
  meandering	
  career	
  path	
  to	
  date,	
  by	
  way	
  of	
  some	
  form	
  of	
  credenHals.	
  I	
  studied	
  Chemical	
  Engineering	
  at	
  
university,	
  but	
  never	
  pracHsed	
  as	
  an	
  engineer.	
  However	
  I	
  carried	
  an	
  engineer’s	
  appreciaHon	
  of	
  precision	
  and	
  elegant	
  
soluHons	
  with	
  me	
  into	
  adverHsing,	
  along	
  with	
  an	
  engineer’s	
  fascinaHon	
  for	
  how	
  things	
  work	
  at	
  a	
  fundamental,	
  
under-­‐the-­‐bonnet	
  level.	
  
I	
  spent	
  6	
  years	
  at	
  BBH	
  as	
  account	
  director,	
  12	
  years	
  at	
  The	
  Leith	
  Agency	
  (the	
  last	
  6	
  as	
  managing	
  director),	
  and	
  9	
  years	
  
and	
  counHng	
  at	
  Blonde	
  (a	
  digital	
  agency)	
  as	
  planning	
  director.	
  So	
  I	
  have	
  head	
  a	
  variety	
  of	
  roles	
  in	
  a	
  variety	
  of	
  
agencies.	
  And	
  I’ve	
  tended	
  to	
  stay	
  in	
  each	
  place	
  for	
  a	
  reasonable	
  amount	
  of	
  Hme.	
  I’m	
  either	
  careful,	
  lucky	
  or	
  docile.	
  
Neil	
  asked	
  us	
  to	
  share	
  the	
  most	
  useful	
  thing	
  we’ve	
  learned	
  in	
  our	
  career	
  to	
  date.	
  Which	
  I	
  guess	
  falls	
  under	
  the	
  
heading	
  of	
  “wisdom”.	
  And	
  he	
  asked	
  us	
  to	
  share	
  that	
  wisdom	
  in	
  a	
  provocaHve	
  manner.	
  So	
  just	
  what	
  does	
  provocaHve	
  
wisdom	
  look	
  like?	
  Well	
  maybe	
  a	
  liSle	
  like	
  this.	
  Marsellus	
  Wallace	
  talking	
  to	
  Butch	
  (Bruce	
  Willis)	
  in	
  the	
  film	
  Pulp	
  
FicHon.	
  
So	
  this	
  was	
  my	
  provocaHon	
  to	
  a	
  room	
  full	
  of	
  people	
  for	
  whom	
  strategy	
  is	
  the	
  job.	
  I	
  realise	
  that	
  I	
  was	
  at	
  least	
  flirHng	
  with	
  
arrogance	
  by	
  saying	
  this.	
  But	
  it	
  wasn’t	
  my	
  intenHon	
  to	
  to	
  put	
  myself	
  on	
  some	
  kind	
  of	
  superstar	
  strategy	
  pedestal.	
  My	
  point	
  
was	
  that,	
  for	
  an	
  industry	
  that	
  talks	
  a	
  good	
  planning	
  and	
  strategy	
  game,	
  there	
  are	
  a	
  lot	
  of	
  pracHHoners	
  who	
  don’t	
  have	
  as	
  firm	
  
a	
  grip	
  on	
  what	
  strategy	
  is,	
  or	
  what	
  strategy	
  done	
  well	
  looks	
  like	
  as	
  they	
  should.	
  I	
  have	
  seen	
  this	
  Hme	
  and	
  again	
  from	
  senior,	
  
well-­‐known	
  people	
  who	
  should	
  know	
  beSer	
  in	
  the	
  	
  presentaHons	
  they’ve	
  given,	
  and	
  briefs	
  they	
  have	
  issued.	
  A	
  common	
  
mistake	
  for	
  instance	
  is	
  the	
  failure	
  to	
  disHnguish	
  between	
  objecHves	
  and	
  strategy.	
  You	
  see	
  this	
  a	
  lot.	
  
So,	
  for	
  the	
  purposes	
  of	
  this	
  talk,	
  the	
  most	
  useful	
  thing	
  I	
  have	
  learned	
  is	
  to	
  have	
  a	
  clear,	
  well-­‐honed	
  point	
  of	
  view	
  on	
  what	
  good	
  
strategy	
  looks	
  like,	
  and	
  to	
  have	
  some	
  simple	
  models	
  to	
  ensure	
  that	
  your	
  strategy	
  is	
  proper	
  strategy	
  and	
  that	
  it	
  is	
  both	
  clear	
  
and	
  robust.	
  The	
  rest	
  of	
  my	
  slides	
  are	
  an	
  example	
  of	
  such	
  a	
  framework.	
  This	
  one	
  has	
  served	
  me	
  well	
  and	
  seemed	
  to	
  resonate	
  
with	
  a	
  decent	
  proporHon	
  of	
  the	
  audience	
  on	
  the	
  evening.	
  
I	
  think	
  that	
  one	
  of	
  the	
  reasons	
  for	
  strategy	
  done	
  badly	
  is	
  that	
  it	
  is	
  the	
  end	
  product	
  for	
  the	
  planning	
  discipline.	
  So	
  
there	
  is	
  a	
  tendency	
  to	
  view	
  it	
  as	
  an	
  end	
  in	
  its	
  own	
  right.	
  Which	
  brings	
  with	
  it	
  the	
  temptaHon	
  to	
  try	
  too	
  hard	
  to	
  make	
  
strategy	
  intellectually	
  saHsfying	
  or	
  to	
  make	
  strategy	
  overtly	
  “creaHve”	
  in	
  its	
  arHculaHon.	
  We	
  would	
  do	
  beSer	
  to	
  
remember	
  that	
  strategy	
  is	
  but	
  a	
  means	
  to	
  various	
  commercial	
  ends.	
  This	
  framework	
  helps	
  to	
  keep	
  the	
  planner’s	
  feet	
  
on	
  the	
  ground.	
  
The	
  four	
  P’s.	
  Good	
  strategy	
  is	
  Purposeful	
  and	
  Precise,	
  Prosaic	
  and	
  Profound.	
  Let’s	
  look	
  at	
  each	
  alliteraHve	
  couplet	
  in	
  
turn.	
  
I	
  menHoned	
  that	
  one	
  of	
  the	
  basic	
  mistakes	
  that	
  people	
  make	
  with	
  strategy	
  is	
  to	
  confuse	
  strategy	
  with	
  objecHves.	
  I	
  
use	
  a	
  decepHvely	
  simple	
  framework	
  called	
  “How	
  can	
  we…?	
  So	
  that…?”	
  to	
  ensure	
  that	
  my	
  team	
  and	
  I	
  differenHate	
  
appropriately	
  between	
  the	
  two.	
  When	
  you	
  arHculate	
  strategy	
  using	
  this	
  construcHon	
  it	
  forces	
  you	
  to	
  make	
  the	
  
disHncHon	
  between	
  mean	
  and	
  ends.	
  It	
  also	
  helps	
  with	
  your	
  evaluaHon	
  framework	
  because	
  it	
  makes	
  obvious	
  which	
  
units	
  and	
  metrics	
  pertain	
  to	
  communicaHon	
  means	
  and	
  which	
  pertain	
  to	
  (more	
  valuable)	
  commercial	
  ends.	
  This	
  is	
  a	
  
simple	
  model	
  ensures	
  that	
  your	
  strategy	
  is	
  rooted	
  in	
  a	
  valuable	
  purpose	
  and	
  that	
  it	
  arHculates	
  a	
  precise	
  plan	
  to	
  
achieve	
  it.	
  	
  
Here	
  is	
  an	
  example	
  of	
  that	
  framework	
  in	
  acHon	
  for	
  one	
  of	
  my	
  clients.	
  Our	
  purpose,	
  our	
  commercially	
  valuable	
  end,	
  
was	
  brand	
  health.	
  That’s	
  the	
  same	
  purpose	
  as	
  TV	
  adverHsing,	
  measured	
  in	
  the	
  same	
  way	
  through	
  the	
  brand	
  tracking	
  
study.	
  Our	
  means,	
  our	
  digital	
  strategy,	
  was	
  to	
  deliver	
  adverHsing-­‐scale	
  audience	
  reach	
  through	
  social	
  channels.	
  This	
  is	
  
where	
  precision	
  is	
  important.	
  There	
  are	
  a	
  myriad	
  of	
  apparent	
  success	
  measures	
  available	
  to	
  digital	
  comms.	
  This	
  
statement	
  of	
  strategy	
  makes	
  it	
  clear	
  that	
  we	
  are	
  only	
  concerned	
  with	
  audience	
  reach.	
  And	
  delivering	
  reach	
  cost-­‐
efficiently	
  means	
  content	
  that	
  gets	
  shared.	
  Shares	
  and	
  reach	
  were	
  the	
  ONLY	
  things	
  we	
  focused	
  on	
  for	
  this	
  client,	
  to	
  
the	
  exclusion	
  of	
  all	
  else.	
  And	
  it	
  worked.	
  This	
  is	
  not	
  a	
  case	
  study	
  presentaHon	
  and	
  I	
  didn’t	
  have	
  Hme	
  to	
  go	
  into	
  detail	
  
with	
  results.	
  The	
  point	
  is	
  that	
  such	
  precision	
  and	
  single-­‐mindedness	
  have	
  profound	
  implicaHons	
  for	
  the	
  execuHon	
  of	
  
strategy,	
  and	
  that	
  is	
  as	
  it	
  should	
  be.	
  In	
  this	
  case	
  a	
  dedicaHon	
  to	
  shares	
  had	
  profound	
  implicaHons	
  for	
  content	
  quality	
  
control.	
  This	
  apparently	
  simple	
  model	
  can	
  be	
  profoundly	
  powerful.	
  
The	
  “How	
  can	
  we…?	
  So	
  that…?”	
  model	
  is	
  designed	
  to	
  ensure	
  that	
  strategy	
  is	
  Purposeful	
  and	
  Precise.	
  But	
  the	
  whole	
  
thing	
  breaks	
  down	
  if	
  you	
  slip	
  into	
  imprecise	
  thinking	
  such	
  as	
  is	
  implied	
  by	
  the	
  use	
  of	
  the	
  word	
  “engagement”	
  or	
  any	
  
variaHon	
  on	
  that	
  theme.	
  Engagement,	
  engaging,	
  engage	
  is	
  the	
  language	
  of	
  the	
  lazy.	
  Engagement	
  is	
  the	
  anHthesis	
  of	
  
precision.	
  It	
  can	
  mean	
  almost	
  anything.	
  And	
  therefore	
  it	
  effecHvely	
  means	
  nothing.	
  Engagement	
  is	
  a	
  pox	
  on	
  strategic	
  
rigour.	
  I	
  have	
  banned	
  my	
  team	
  from	
  using	
  it	
  and	
  strategic	
  thinking	
  is	
  ALWAYS	
  beSer	
  for	
  it.	
  
Next,	
  what	
  do	
  I	
  mean	
  by	
  Prosaic	
  and	
  Profound…?	
  
I	
  am	
  of	
  the	
  opinion	
  that	
  some	
  of	
  the	
  best	
  examples	
  of	
  strategy	
  done	
  well	
  can	
  be	
  found	
  in	
  the	
  annual	
  reports	
  of	
  
publicly	
  listed	
  companies.	
  The	
  primary	
  audience	
  for	
  these	
  statements	
  of	
  strategy	
  is	
  investment	
  analysts.	
  The	
  CEO’s	
  
and	
  CFO’s	
  responsible	
  for	
  corporate	
  strategy	
  know	
  that	
  this	
  audience	
  is	
  exacHng	
  and	
  unforgiving.	
  Strategy	
  needs	
  to	
  
make	
  sense.	
  Strategy	
  needs	
  to	
  be	
  credible.	
  And	
  the	
  analysts	
  need	
  to	
  believe	
  that	
  the	
  strategy	
  will	
  deliver	
  results	
  –	
  
namely	
  sustainable	
  long	
  term	
  growth	
  in	
  profits	
  and	
  dividends.	
  
This	
  balance	
  of	
  credibility	
  and	
  potency	
  is	
  oYen	
  delivered	
  in	
  statements	
  of	
  strategy	
  that	
  are	
  Prosaic	
  in	
  arHculaHon	
  but	
  
Profound	
  in	
  implicaHon.	
  
The	
  example	
  above	
  is	
  a	
  statement	
  of	
  strategy	
  from	
  a	
  well	
  known	
  brand.	
  It	
  is	
  Prosaic	
  almost	
  to	
  a	
  fault.	
  
And	
  here	
  is	
  the	
  Profound	
  implicaHon	
  of	
  that	
  strategy.	
  The	
  Apple	
  Store.	
  The	
  “Theatre	
  Of	
  Screens”.	
  Good	
  strategy	
  
forces	
  you	
  to	
  do	
  things	
  that	
  sound	
  simple,	
  but	
  which	
  are	
  not	
  easy.	
  That	
  is	
  perhaps	
  a	
  yardsHck	
  of	
  good	
  strategy.	
  It	
  
takes	
  you	
  into	
  the	
  arena	
  of	
  the	
  simple	
  but	
  not	
  easy.	
  I	
  read	
  a	
  KMPG	
  paper	
  recently,	
  which	
  suggested	
  that	
  strategy	
  
done	
  well	
  generates	
  “beneficial	
  confrontaHons”	
  wherein	
  the	
  strategist	
  has	
  to	
  choose	
  one	
  path	
  over	
  another	
  -­‐	
  simple	
  
choices	
  that	
  are	
  not	
  easy	
  to	
  make.	
  
Here	
  is	
  another	
  example	
  from	
  Marks	
  &	
  Spencer.	
  Like	
  all	
  listed	
  companies	
  its	
  objecHves	
  are	
  a	
  variaHon	
  on	
  the	
  theme	
  
of	
  long	
  term	
  profit	
  growth.	
  One	
  pillar	
  of	
  the	
  M&S	
  strategy	
  to	
  achieve	
  this	
  is	
  to	
  improve	
  gross	
  margins.	
  That	
  is	
  preSy	
  
Prosaic	
  –	
  “Our	
  strategy	
  is	
  to	
  improve	
  gross	
  margin”.	
  But	
  it	
  has	
  very	
  Profound	
  implicaHons.	
  For	
  instance	
  the	
  company	
  
plans	
  to	
  bring	
  60%	
  of	
  clothing	
  design	
  in	
  house	
  by	
  2016/17,	
  up	
  from	
  20%	
  at	
  the	
  end	
  of	
  2014.	
  That	
  sounds	
  simple,	
  but	
  
you	
  can	
  bet	
  that	
  it	
  won’t	
  be	
  easy.	
  
So	
  that	
  was	
  my	
  “provocaHve	
  wisdom”.	
  Save	
  the	
  high	
  faluHn’,	
  overtly	
  creaHve,	
  self-­‐consciously	
  inspiraHonal	
  stuff	
  for	
  
mission	
  statements	
  if	
  you	
  like.	
  But	
  keep	
  your	
  strategy	
  Purposeful,	
  Precise,	
  Prosaic	
  and	
  Profound.	
  
London strategist shares career wisdom on strategy frameworks

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London strategist shares career wisdom on strategy frameworks

  • 1. This  is  a  10  minute  talk  given  to  an  audience  of  London  strategists  and  planners  at  Google’s  London  HQ  on  June  10th   2015.  It  was  a  Google  Firestarters  event  curated  by  Neil  Perkin  and  enHtled  The  Magnificent  Seven.  Six  of  London’s   finest  planners  (and  me)  were  invited  to  share  “The  most  useful  thing  you  have  learned  in  your  career  to  date”  in  the   form  of  a  provocaHon.  I  was  third  on  out  of  seven.  Hence  the  Htle:  ProvocaHon  3.  
  • 2. I  felt  a  liSle  like  Pete  Best.  “Who?”  you  say.  Exactly.  Pete  Best  was  the  Beatles’  drummer  before  Ringo  Starr.   SomeHmes  referred  to  as  the  FiYh  Beatle.  He  is  a  relaHve  unknown  and  that  is  how  I  felt  sharing  a  plaZorm  with  the   great  and  the  good  of  the  London  planning  scene.  
  • 3. Here  is  my  meandering  career  path  to  date,  by  way  of  some  form  of  credenHals.  I  studied  Chemical  Engineering  at   university,  but  never  pracHsed  as  an  engineer.  However  I  carried  an  engineer’s  appreciaHon  of  precision  and  elegant   soluHons  with  me  into  adverHsing,  along  with  an  engineer’s  fascinaHon  for  how  things  work  at  a  fundamental,   under-­‐the-­‐bonnet  level.   I  spent  6  years  at  BBH  as  account  director,  12  years  at  The  Leith  Agency  (the  last  6  as  managing  director),  and  9  years   and  counHng  at  Blonde  (a  digital  agency)  as  planning  director.  So  I  have  head  a  variety  of  roles  in  a  variety  of   agencies.  And  I’ve  tended  to  stay  in  each  place  for  a  reasonable  amount  of  Hme.  I’m  either  careful,  lucky  or  docile.  
  • 4. Neil  asked  us  to  share  the  most  useful  thing  we’ve  learned  in  our  career  to  date.  Which  I  guess  falls  under  the   heading  of  “wisdom”.  And  he  asked  us  to  share  that  wisdom  in  a  provocaHve  manner.  So  just  what  does  provocaHve   wisdom  look  like?  Well  maybe  a  liSle  like  this.  Marsellus  Wallace  talking  to  Butch  (Bruce  Willis)  in  the  film  Pulp   FicHon.  
  • 5. So  this  was  my  provocaHon  to  a  room  full  of  people  for  whom  strategy  is  the  job.  I  realise  that  I  was  at  least  flirHng  with   arrogance  by  saying  this.  But  it  wasn’t  my  intenHon  to  to  put  myself  on  some  kind  of  superstar  strategy  pedestal.  My  point   was  that,  for  an  industry  that  talks  a  good  planning  and  strategy  game,  there  are  a  lot  of  pracHHoners  who  don’t  have  as  firm   a  grip  on  what  strategy  is,  or  what  strategy  done  well  looks  like  as  they  should.  I  have  seen  this  Hme  and  again  from  senior,   well-­‐known  people  who  should  know  beSer  in  the    presentaHons  they’ve  given,  and  briefs  they  have  issued.  A  common   mistake  for  instance  is  the  failure  to  disHnguish  between  objecHves  and  strategy.  You  see  this  a  lot.   So,  for  the  purposes  of  this  talk,  the  most  useful  thing  I  have  learned  is  to  have  a  clear,  well-­‐honed  point  of  view  on  what  good   strategy  looks  like,  and  to  have  some  simple  models  to  ensure  that  your  strategy  is  proper  strategy  and  that  it  is  both  clear   and  robust.  The  rest  of  my  slides  are  an  example  of  such  a  framework.  This  one  has  served  me  well  and  seemed  to  resonate   with  a  decent  proporHon  of  the  audience  on  the  evening.  
  • 6. I  think  that  one  of  the  reasons  for  strategy  done  badly  is  that  it  is  the  end  product  for  the  planning  discipline.  So   there  is  a  tendency  to  view  it  as  an  end  in  its  own  right.  Which  brings  with  it  the  temptaHon  to  try  too  hard  to  make   strategy  intellectually  saHsfying  or  to  make  strategy  overtly  “creaHve”  in  its  arHculaHon.  We  would  do  beSer  to   remember  that  strategy  is  but  a  means  to  various  commercial  ends.  This  framework  helps  to  keep  the  planner’s  feet   on  the  ground.   The  four  P’s.  Good  strategy  is  Purposeful  and  Precise,  Prosaic  and  Profound.  Let’s  look  at  each  alliteraHve  couplet  in   turn.  
  • 7. I  menHoned  that  one  of  the  basic  mistakes  that  people  make  with  strategy  is  to  confuse  strategy  with  objecHves.  I   use  a  decepHvely  simple  framework  called  “How  can  we…?  So  that…?”  to  ensure  that  my  team  and  I  differenHate   appropriately  between  the  two.  When  you  arHculate  strategy  using  this  construcHon  it  forces  you  to  make  the   disHncHon  between  mean  and  ends.  It  also  helps  with  your  evaluaHon  framework  because  it  makes  obvious  which   units  and  metrics  pertain  to  communicaHon  means  and  which  pertain  to  (more  valuable)  commercial  ends.  This  is  a   simple  model  ensures  that  your  strategy  is  rooted  in  a  valuable  purpose  and  that  it  arHculates  a  precise  plan  to   achieve  it.    
  • 8. Here  is  an  example  of  that  framework  in  acHon  for  one  of  my  clients.  Our  purpose,  our  commercially  valuable  end,   was  brand  health.  That’s  the  same  purpose  as  TV  adverHsing,  measured  in  the  same  way  through  the  brand  tracking   study.  Our  means,  our  digital  strategy,  was  to  deliver  adverHsing-­‐scale  audience  reach  through  social  channels.  This  is   where  precision  is  important.  There  are  a  myriad  of  apparent  success  measures  available  to  digital  comms.  This   statement  of  strategy  makes  it  clear  that  we  are  only  concerned  with  audience  reach.  And  delivering  reach  cost-­‐ efficiently  means  content  that  gets  shared.  Shares  and  reach  were  the  ONLY  things  we  focused  on  for  this  client,  to   the  exclusion  of  all  else.  And  it  worked.  This  is  not  a  case  study  presentaHon  and  I  didn’t  have  Hme  to  go  into  detail   with  results.  The  point  is  that  such  precision  and  single-­‐mindedness  have  profound  implicaHons  for  the  execuHon  of   strategy,  and  that  is  as  it  should  be.  In  this  case  a  dedicaHon  to  shares  had  profound  implicaHons  for  content  quality   control.  This  apparently  simple  model  can  be  profoundly  powerful.  
  • 9. The  “How  can  we…?  So  that…?”  model  is  designed  to  ensure  that  strategy  is  Purposeful  and  Precise.  But  the  whole   thing  breaks  down  if  you  slip  into  imprecise  thinking  such  as  is  implied  by  the  use  of  the  word  “engagement”  or  any   variaHon  on  that  theme.  Engagement,  engaging,  engage  is  the  language  of  the  lazy.  Engagement  is  the  anHthesis  of   precision.  It  can  mean  almost  anything.  And  therefore  it  effecHvely  means  nothing.  Engagement  is  a  pox  on  strategic   rigour.  I  have  banned  my  team  from  using  it  and  strategic  thinking  is  ALWAYS  beSer  for  it.   Next,  what  do  I  mean  by  Prosaic  and  Profound…?  
  • 10. I  am  of  the  opinion  that  some  of  the  best  examples  of  strategy  done  well  can  be  found  in  the  annual  reports  of   publicly  listed  companies.  The  primary  audience  for  these  statements  of  strategy  is  investment  analysts.  The  CEO’s   and  CFO’s  responsible  for  corporate  strategy  know  that  this  audience  is  exacHng  and  unforgiving.  Strategy  needs  to   make  sense.  Strategy  needs  to  be  credible.  And  the  analysts  need  to  believe  that  the  strategy  will  deliver  results  –   namely  sustainable  long  term  growth  in  profits  and  dividends.   This  balance  of  credibility  and  potency  is  oYen  delivered  in  statements  of  strategy  that  are  Prosaic  in  arHculaHon  but   Profound  in  implicaHon.   The  example  above  is  a  statement  of  strategy  from  a  well  known  brand.  It  is  Prosaic  almost  to  a  fault.  
  • 11. And  here  is  the  Profound  implicaHon  of  that  strategy.  The  Apple  Store.  The  “Theatre  Of  Screens”.  Good  strategy   forces  you  to  do  things  that  sound  simple,  but  which  are  not  easy.  That  is  perhaps  a  yardsHck  of  good  strategy.  It   takes  you  into  the  arena  of  the  simple  but  not  easy.  I  read  a  KMPG  paper  recently,  which  suggested  that  strategy   done  well  generates  “beneficial  confrontaHons”  wherein  the  strategist  has  to  choose  one  path  over  another  -­‐  simple   choices  that  are  not  easy  to  make.  
  • 12. Here  is  another  example  from  Marks  &  Spencer.  Like  all  listed  companies  its  objecHves  are  a  variaHon  on  the  theme   of  long  term  profit  growth.  One  pillar  of  the  M&S  strategy  to  achieve  this  is  to  improve  gross  margins.  That  is  preSy   Prosaic  –  “Our  strategy  is  to  improve  gross  margin”.  But  it  has  very  Profound  implicaHons.  For  instance  the  company   plans  to  bring  60%  of  clothing  design  in  house  by  2016/17,  up  from  20%  at  the  end  of  2014.  That  sounds  simple,  but   you  can  bet  that  it  won’t  be  easy.  
  • 13. So  that  was  my  “provocaHve  wisdom”.  Save  the  high  faluHn’,  overtly  creaHve,  self-­‐consciously  inspiraHonal  stuff  for   mission  statements  if  you  like.  But  keep  your  strategy  Purposeful,  Precise,  Prosaic  and  Profound.