Playing at Strategy
Top Left: January 2010 edition of Harvard Business Review, Top right: Michael G. Jacobidesby Kevin Roberts
"The play's the thing" may be from Hamlet but the subject is from Michael Jacobides, an associate professor of strategic and international management at the London Business School who appears in the new issue of Harvard Business Review with an article Strategy Tools for a Shifting Landscape.
His starting point is the breathtaking speed at which customers and competitors transform - and the turbulence this creates. Traditional strategy frameworks aren't working, he says - they simplify rather than taking account of complexity and changing boundaries; they produce "still pictures of the future." Jacobides puts forward the playscript - a narrative in which "words are more powerful and flexible than value curves." Playscripts "consider how a company could succeed by reinventing its role as reality changes." His method involves characters and their roles, storylines and connections, links and rules, plots and subplots. More fun than the usual approach to strategy planning!
Jacobides' HBR article applies the playscript method to the challenges of the pharmaceutical industry; looks at how Ikea future proofed itself, how IBM reinvented itself, how Marvel Entertainment turned itself around - and this is the part I especially like - how Saatchi & Saatchi changed the very basis of its competition via Lovemarks.
The article cites the company's revival after its near collapse in the mid 1990s. Noting that "companies can change strategies by changing their roles," Jacobides writes that "Saatchi & Saatchi didn't just change its value proposition. It transformed itself into a strategic link between clients and their customers." By "writing a new playscript" Lovemarks shifted Saatchi & Saatchi from being suppliers to strategic partners; created an industry wide concept; cemented connections to clients; and increased the number of pitchless wins.
For me, it really was a case of "to be or not to be."
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Kevin Roberts is the CEO worldwide of The Lovemarks Company, Saatchi & Saatchi. For more information on Kevin, please go to www.saatchikevin.com. To see this blog at its original source, please go to www.krconnect.blogspot.com.Labels: Innovation, Kevin Roberts, Marvel, Saatchi and Saatchi, Strategy, Tools




Drew Boyd is Director of Marketing Mastery for Johnson & Johnson (Ethicon Endo-Surgery division). He is also Visiting Assistant Professor of Marketing and Innovation at the University of Cincinnati and Executive Director of the MS-Marketing program. Follow him at
I grew up as one of those kids who was sort of good at a lot of sports but not really a master of any one sport. As I've gotten older, I've put considerably more time into biking, tennis and running, which leaves little time for the sport of business titans: golf. Now, I "play" golf at least four times a year, in a fund raising game or with friends and neighbors. I never practice and it shows. I cannot break 100 to save my life. I'm not familiar with any of the local courses and not familiar with my clubs (tools). I don't expect to be successful when I play and I don't take it too seriously. I uncork a nice drive every once in a while, or a good putt, but I don't expect it to happen regularly. Mostly I am a very poor golfer who occasionally gets in a good shot, and that's all I expect.
If I want to be a good golfer, I need to take lessons and play regularly to gain insights and improve as a player. If I want to be innovative as a firm, I have to do things on a regular basis that grow my skills and demonstrate my intent. An occasional innovative project or task does not change the baseline capability, and often detracts from a larger intent or goal, since "everyone" knows that nothing will be done with the ideas anyway.
Jeffrey Phillips is a senior leader at 







