Wednesday, December 10, 2008

Strategy Lessons from Barack Obama (2)

Be calm and focused on your strategy. Be passionate but not emotional: Success in strategy requires intense focus, passion and commitment. But the line between passion and emotions is very thin. Don’t cross that line. Barack Obama never crossed the line. John McCain crossed it virtually every day of the campaign. He got angry, appearing irritated and insulted that Obama had the audacity to contest against him. In the debates, he couldn’t bare to look directly at Obama. The problem is anger and other disruptive emotions get in the way of your reasoning and lead to mistakes, and not surprisingly McCain moved from one error to another, acquiring a reputation as being erratic. Note however that genuine positive emotions (such as Hillary’s tearful moment) may sometimes help.

Execution is everything!: Barack Obama built an overwhelming and tight execution capacity and worked it very tightly through the primaries to the general election. Plans are nothing, if you can’t execute them. You must have a very effective and disciplined organisation that ensures you carry out your plans before your competitor. He raised money easily, had foot soldiers all over the US, even in republican strongholds and built a system that delivered the voters.

Use Technology: Obama’s campaign reminds businesses that technology can be a real source of competitive advantage, and not just a cost centre, or fanciful machines. The campaign used the internet better than any other campaign, used social networking sites such as facebook and myspace, kept an impressive database of supporters with whom it communicated seamlessly and raised vast sums of money through the internet, leaving experienced politicians versed in “manual” face-to-face politics wondering what hit them. Don’t just buy fashionable technology. Use it to overwhelm your opposition.

Charisma and Intellect combined with sound strategy and excellent communication skills make you an unbeatable brand: It is not accidental that the most important leaders in business and politics are charismatic and communicate well. J.F Kennedy, Bill Clinton, Kwame Nkrumah, Martin Luther King Jnr, Murtala Muhammed, Tony Blair are all “good looking” and speak well. For businesses, your brand is your looks, and your brand projection and external communication represents your ability to speak well. Nurture your “looks” and “speech” and your business will thrive. But note that this people didn’t just speak well, they had the intellect and depth to go with it. So build your brand on substance, not hype (like Sarah Palin).

Don’t fight today’s or tomorrow’s wars using yesterday’s strategies: Successful generals always make the mistake of using their old successful tactics and strategies anytime they are confronted with a new foe, ultimately to their peril. The war front and the competitive market place are always changing. No matter how successful you have been in the past, carefully observe in what way the terrain has changed and adapt or even overhaul your strategy accordingly. The Republican Party has been very successful against the democrats, beating Al Gore and John Kerry with a much weaker candidate-George W Bush. But they did not recognise that Americans were tired of war, and were worried about the economy. These ultimately cost them victory. Obama on the other hand, suspected that Americans wanted a new direction, with less partisanship, and issue-oriented campaigns, and crafted an appropriate strategy.

When the industry leader is over-confident and complacent, it may be time to move against him: The “industry leaders” in America were tired and arrogant, a very bad combination. The Republicans as a party, and the political elite-the Bushes, McCains, Clintons, and Kennedys no longer had the fire in their belly that had propelled them to the top. They now had a sense of entitlement, as if the world was obligated to them. Well the world owes you nothing! The market owes you nothing! You succeed or fail on your current performance, not historical record. Obama had that fire and challenged the tired incumbents. It is the same in business. Success often changes the successful and presents an opportunity to the ambitious. Seize that opportunity.

Don’t fight dirty, but don’t ignore your opponent’s underhand tactics: Barack Obama learnt important lessons from Al Gore, John Kerry and even Michael Dukakis. The republicans used “swift boat politics” to destroy Kerry’s record as a war hero; they rigged out Al Gore in Florida; and they turned Dukakis’ intellect against him making him look like a Harvard academic rather than a political leader. Guess what they used all three against Obama, but none of them worked because Obama prepared against all those tactics. He responded to every Jeremiah Wright or William Ayers accusation; he aggressively brought out black, Latino and young voters in the battleground states and encouraged early voting to preclude a Florida scenario; and he was careful not to validate republican accusations of being ‘professorial’.

Build a loyal and committed team: Barack Obama reminds us of the invaluable benefit of having a loyal and committed team. The Obama campaign was a very loyal powerhouse, with no leaks and everyone absolutely committed to the team’s success. Victory was not just a credit to Obama, it was about Michelle Obama, David Plouffe, David Axelrod, Robert Gibbs, Paul Harstad, Susan Rice, Gregory Craig, Rahm Emmanuel, Valerie Jarret and other members of the tight Chicago team that Obama assembled working together towards a common goal. Obama had his back covered. Many people are surrounded by their enemies. To succeed in any enterprise, ensure you are surrounded by the right people.

1 comment:

Whole Truths said...

Hi Opeyemi!
Wacthing You on TV! Not looking bad! Not looking bad at all! All CEO and all! Didn't know you used to work for GT Bank!?
Explains a lot! I currently work in the Brand Communications unit of the Bank and every1 is in agreeance ( i made the word up) of ur legendary smartness!