Defeat The Strategy Trap! Ryan Hays & Tony DUrso | Entrepreneur #books #success #motivation

Defeat The Strategy Trap! Ryan Hays & Tony DUrso | Entrepreneur #books #success #motivation

Defeat The Strategy Trap! Ryan Hays & Tony DUrso | Entrepreneur #books #success #motivation

Sponsors & Partners

Ryan Hays, PhD is the author of the new book “Strategists First: How to Defeat the Strategy Trap.” The legendary venture investor Jim Goetz had this to say about this soon-to-be-released work: “Strategists First is a burn-the-boats movement, and this book is the manifesto for innovators and entrepreneurs.”

He has been doing strategy work for more than two decades at some of the nation’s leading institutions of higher education. He currently serves as Executive Vice President and Chief Innovation & Strategy Officer at the University of Cincinnati.

Transcript

Show Notes

[1.23] The Power of Strategy in Podcasting and Business

  • Tony DURso begins by welcoming entrepreneurs and setting the stage for an insightful episode.
  • Tony shares how he started podcasting with no prior experience or established connections.
  • He emphasizes the importance of having a strong strategy when venturing into new fields.
  • Tony created an eight-step vision map that served as his roadmap to success.
  • In less than two years, his podcast became a top-rated show on Voice America.
  • He stresses that a strategy is only as good as its execution and shares how his final step was the key to success.
  • Over eight years, his podcast has gained over 45 million streams, showcasing the impact of a well-executed strategy.
  • Tony introduces Dr. Ryan Hays, an expert in strategy, to discuss overcoming common strategy pitfalls and maximizing business success.

[15.44]The Strategy Trap and Why It Fails

  • Organizations often hire well-known strategy firms to craft plans for them, thinking this will lead to success.
  • These firms design detailed strategies, but the problem lies in the handoff—after a few months, the external strategists leave.
  • Companies are left with a plan they didn’t actively contribute to, causing failure in execution.
  • The focus is placed on “what” the strategy is, not on building internal strategists who know “how” to execute it.
  • Many businesses believe that paying more for a strategy equates to greater success, which often proves untrue.
  • When the external firm departs, organizations struggle to follow through due to lack of ownership and internal expertise.
  • Strategies developed without involving internal teams often fall flat because those teams are unprepared to implement them effectively.
  • A strong strategy requires creating an internal culture of strategy, not just relying on expensive plans from outsiders.

[30.44] Renee’s Life-Changing Experience

  • Renee shares her story of working as a retail executive in 2013, managing multi-million dollar teams but neglecting her own well-being.
  • One day, Renee woke up unable to speak, a significant turning point that led to her realization of self-neglect.
  • Despite feeling unwell, Renee went to work during the Christmas season, prioritizing her job over her health.
  • Her condition worsened, resulting in a viral infection that led to her being quarantined for nearly four months.
  • She describes the pain she experienced, both physically and emotionally, as her life drastically changed.
  • Renee highlights how she turned inward during this time, focusing on her inner voice and mental health.
  • Through this journey, she found the strength to reclaim her voice, both literally and metaphorically.
  • Renee emphasizes the importance of self-care, setting boundaries, and the power of saying “no” to prioritize one’s well-being.

[41.41] The Creation of the Voice Blueprint

  • After her recovery, Renee transformed her experience into a mission to help others find their voice.
  • She became a voice coach, guiding individuals, especially women, from vulnerability to empowerment.
  • Renee developed the Voice Blueprint, a tailored approach to help clients unlock their voice and step into their power.
  • Her personal experience of repressed emotions and suppressed voice informs her work with clients.
  • She teaches others how to rewrite their inner narrative, which shapes their external reality.
  • Renee also authored Finding Your Voice, a four-time Amazon #1 bestseller that shares her story and tools for self-empowerment.
  • She works with business leaders and individuals to help them overcome inner barriers to expressing their authentic selves.
  • Renee invites people to connect with her for one-on-one coaching or speaking engagements through her website, offering personalized support to help them reclaim their voice.

[51.02] Why Strategies Fail

  • Strategies often fail because they are not truly owned by the organization; they are rented, not internalized.
  • Employees across organizations struggle to even name their company’s top strategic priorities, leading to disengagement.
  • Research shows that 40% of employees couldn’t name a single strategic priority, with the biggest knowledge gap existing in the C-suite.
  • The assumption that top management understands and communicates strategy effectively is often incorrect.
  • A lack of clarity and ownership at the leadership level contributes to these strategic failures.
  • Startups and small businesses, in contrast, must take full ownership of outcomes, leading to better strategy execution.
  • Effective strategies require active engagement and ownership from all levels, not just from leadership.
  • A strategy without clear ownership across the company is less likely to succeed, no matter how well-crafted it appears.

Explore The Show

New here? Start with:

Get The Newsletter

Level up faster - discover the insights of Elite Entrepreneurs who’ve built empires in their industries.

Get The Newsletter

Level up faster - discover the insights of Elite Entrepreneurs who’ve built empires in their industries.

Community-based outreach supporting those in need. Learn more

Win Monday! Paul Epstein & Tony DUrso | Entrepreneur #sports #books #success #motivationWin Monday! Paul Epstein & Tony DUrso | Entrepreneur #sports #books #success #motivation
Resisting Recession! Eduardo Sigal & Tony DUrso | Entrepreneur #realestate #books #success #motivationResisting Recession! Eduardo Sigal & Tony DUrso | Entrepreneur #realestate #books #success #motivation
Go to Top