Thinking About Strategy? Think LONG Term! Barry Talks to Francis Wade

Just Great People

Summary

In this conversation, Barry Eustance and Francis Wade of Framework Consulting discuss the significance of long-term strategic thinking in organisations.

Francis shares insights from his experience in strategic planning, emphasising the need for game-changing strategies that extend beyond short-term results.

He explains how to overcome the prevalent short-term mindset in executive teams and the importance of backcasting to create a unified long-term vision.

The discussion also touches on the legacy leaders leave behind and the transformative power of thinking long-term.

Takeaways

• Long-term strategy is about game-changing results, not just thinking ahead.
• Organisations often focus too much on short-term results due to pressure from investors.
• Commitment to long-term value creation leads to more ambitious strategies.
• Backcasting helps teams visualise their long-term goals and plan accordingly.
• Short-term actions should align with long-term aspirations for effective strategy.
• Legacy thinking can inspire leaders to make impactful decisions today.
• Diverse age demographics in teams can enhance strategic discussions.
• Facilitating difficult conversations is key to developing a unified strategy.
• Long-term thinking can reveal the irrelevance of current focuses and investments.
• The process of strategic planning should be rigorous and credible to avoid wish lists.

Sound Bites

• "It’s about long-term thinking and strategy."
• "What are you going to argue for?"
• "Thinking Long Term – “the magic happens”

Chapters

00:00 Introduction to Long-Term Strategy

10:06 Legacy and Long-Term Thinking

19:34 Facilitating Backcasting for Strategy

30:01 riverside_barry__ oct 17, 2024 001_the_sixsess consult.mp4

30:1 1JGP Live Outro 090824 V1.0.wav

Useful Links

The Sixsess Consultancy Website

https://sixsess.org/

Barry Eustance’s LinkedIn

https://www.linkedin.com/in/barry-eustance/

Framework Consulting’s Website

https://fwconsulting.com/wordpress/about-us/francis-wade/

Francis Wade’s LinkedIn

https://www.linkedin.com/in/franciswade/

Long-Term Strategy Newsletter and Podcast

https://longtermstrategy.info

The Long Term Strategy Conference 2025
https://strategyconf.fwconsulting.com/francis-wade/

The Emergent Approach to Strategy – Peter Compo
https://emergentapproach.com

Peter Compo’s LinkedIn

https://www.linkedin.com/in/petercompo/

Keywords

long-term strategy, game-changing results, strategic planning, backcasting, organisational growth, leadership, commitment, vision, legacy, short-term thinking

I hope you really enjoyed our podcast and found it to be inspiring and insightful.
Please remember to LIKE our podcast and please DO SUBSCRIBE !!
I really look forward to reading and replying to your thoughts and comments.
Many thanks
Kindest regards
Barry