Foresighted Strategy and Value Creation
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Foresighted Strategy and Value Creation
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Chief and Dr Lugo discuss the importance of foresighted strategy and value creation in organizations, using examples like Toyota and FedEx. They talk about Toyota's reputation for quality, and Lugo shares his personal experience with a Toyota Corolla from the 1960s. The conversation touches on the historical context of American and Japanese automotive manufacturing, with Lugo mentioning Henry Ford's contributions to production methods that were later adopted by Japanese manufacturers. Chief shares his experience with the transformation of Japanese-made products, highlighting how perceptions changed over time. They also discuss the importance of delivering value to customers and how leaders, especially those in positions two and three, play a crucial role in driving organizational success. Dr Lugo mentions the need to prioritize activities and resources, aligning them with strategic goals to produce desired effects.
