Aug 24, 2020
Strategy is something that is traditionally left to the C-Suite or other executives. This is a podcast for those who are early in their career or are not interested in leadership positions, so you may think that strategy isn’t important for you to understand. But – you are the CEO of your career, so you do need to understand it. And, one of the things that you should think about is whether or not your company has a strategy that will make it viable in the long run.
What I want to do in this episode is give you another criterion to consider about whether the job you have or are looking at taking in the future is a good fit for you – it is called the inflection point.
The inflection point is a point in the future where the fundamentals of the business are going to change.
Fundamentals.
Meaning, everything the current business is built on becomes obsolete and a whole new set of rules apply. A good strategy will
- Keep an eye out fare enough in the future to see an inflection point coming
- Identify a strategy for embracing the change, and
- Time it correctly
You want to work for a company that gets this.
In addition, you, as an employee, should be able to recognize and accept change that may come if your company is in the middle of executing a strategy to change the fundamentals of the business. Prepare yourself for changes that may come by assessing:
- What does the change mean to you personally?
- What do you need to do to prepare yourself for the inflection point?
- Do you need o retool your skills?
- Do you need to look for a new job at a different company or in a different industry?