After carefully reviewing the lecture materials, assigned reading(s), and relevant resources, please respond to the following:
According to our text (HBR, 2011), “In our work, we often see evidence of what we call the 80-100 rule: you’re better off with a strategy that is 80% right and 100% implemented than one that is 100% right but doesn’t drive consistent action throughout the company. A strategic principle can help a company balance that ratio” (p. 193).
For the discussion forum this week, answer the following questions:
- What is a strategic principle? Please use an example from your company or one you are family for illustration.
- Watch the HBR Understanding the Economic Shock of the COVID-19 Crisis video and answer the question: Where is your company going next? How will they innovate to respond to the COVID-19 crisis?
Harvard Business Review Press. (2011). HBR’s 10 must reads on strategy. Boston, MA: Harvard Business Press.
Note: Please post your original response by Thursday and respond to at least two peers by Sunday. You must follow APA guidelines and cite at least two reliable sources (professional or academic) within the body of your post. Also, please be sure to include a reference section at the end of your post.