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	<title>Talking about strategy &#187; bankers</title>
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	<link>http://kimwarren.com</link>
	<description>with Kim Warren</description>
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		<title>Leadership and strategy</title>
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		<pubDate>Fri, 06 Mar 2009 09:25:40 +0000</pubDate>
		<dc:creator>Kim Warren</dc:creator>
				<category><![CDATA[Strategy]]></category>
		<category><![CDATA[bankers]]></category>
		<category><![CDATA[CEOs]]></category>
		<category><![CDATA[Fortune magazine]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[performance]]></category>
		<category><![CDATA[strategic management]]></category>

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		<description><![CDATA[Seeing our bankers grilled by politicians for gross failure highlights a confusion we see much of &#8211; an implied assumption that great leadership is the same as great strategic management.  Most telling for me was that of the 6 banking heads challenged by MPs in the UK, half had no significant industry experience! There is <a href='http://kimwarren.com/strategy/leadership-and-strategy/'>[...]</a>]]></description>
			<content:encoded><![CDATA[<p>Seeing our bankers grilled by politicians for gross failure highlights a confusion we see much of &#8211; an implied assumption that great leadership is the same as great strategic management.  <span id="more-520"></span>Most telling for me was that of the 6 banking heads challenged by MPs in the UK, half had no significant industry experience! There is a big difference between knowing what&#8217;s best to do and inspiring others to do it &#8211; and being good at the second but useless at the first is a recipe for disaster. It&#8217;s about time we dropped the CEO-as-hero/heroine cult and valued properly the skill of strategic analysis. Fortune magazine seems the wp_ offender in promoting this cult, so next time you read gushing flattery of some leader, just pause to wonder if their organization is continuing to manage its strategy well.</p>
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