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Timothy Jaiyeoba clip for the Long-Term Strategic Planning Conference

Name: Timothy Jaiyeoba clip for the Long-Term Strategic Planning Conference
Uploaded: 2024-06-18T14:35:19+00:00
Duration: 49 s
Channel: Francis Wade
Description: In this segment of a conference talk, the speaker warns that organizations must not let change dictate their direction without proactive strategic…

18 Jun 2024 · 1 min

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In this segment of a conference talk, the speaker warns that organizations must not let change dictate their direction without proactive strategic foresight. Using the Nokia CEO’s admission of loss despite no obvious mistakes, the speaker illustrates how failure to perceive weak signals and emerging patterns leads to missed opportunities. The core argument is that many organizations remain trapped in short‑term thinking, neglecting the integration of foresight into strategy, which ultimately steers them toward the wrong direction.

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It is important for us not to just allow change to change us, because if change changes us, it may change us to the very wrong direction. Remember the case of the Nokia CEO? He said, we didn't do anything wrong, but somehow we lost. Why did they lose? When things were changing, they refused to change. Why? Because they refused to see beyond the trends, what was happening, what patterns was forming, to be able to sense the weak signals and this is where the new future was going. Lack of having strategic foresight and integrating it to strategy is a big misnomer for most organizations. That's why most of them are stuck in short-term thinking as against long-term thinking.