#80 Key Strategic Questions Every Business Owners Should Ask with Karan Anand

On this episode of Stories Behind the Grind, listen to my conversation with Karan, director of Monitor Deloitte. We discuss the 5 key strategic questions every business owners should ask, how to approach problem solving and finding the core problem and how to develop your own strategic thinking.

 

Also discover:

 

How Karan's deeper understanding of identity led him to strategy consulting

The impact of Karan's work in the community

The story they (YSPN) want to tell in Australia and the legacy they want to leave behind

The crossover between what Karan has done in his network to their own business

Fundamentals of Deloitte's approach to strategy

Karan's way of consulting with clients

Strategic cascade of choices

What winning aspiration is

Where you would play

How you will win

The distinctive capabilities for you to win

What management systems are

On strategy being a tool for problem-solving and choice making

Importance of employee engagement, employee morale, and better outcomes

How business owners should approach strategy and strategic thinking in their business using the 5 strategic questions

The thing you said you are going to do versus the thing you are actually doing

Breaking down problems

Challenges Karan's clients have to overcome when undergoing the problem-solving process

What business owners can do to start their own strategic thinking

 

 

Links:

Young Sikh Professionals Network - https://www.yspn.org.au/

Monitor Deloitte - https://www2.deloitte.com/in/en/pages/strategy-operations/monitor-deloitte/topic/monitor-deloitte.html

Playing to Win by A.G. Lafley and Roger Martin - https://www.amazon.com/Playing-Win-Strategy-Really-Works-ebook/dp/B00AJVJ1HI

HBR's 10 Must Reads on Strategy - https://www.amazon.com/HBRs-10-Must-Reads-Strategy/dp/1511367075

Competitive Strategy by Michael Porter - https://www.amazon.com/Competitive-Strategy-Techniques-Industries-Competitors-ebook/dp/B001CB34J0

 

Karan on LinkedIn - https://www.linkedin.com/in/karanviranand/