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FELIX OBERHOLZER-GEE: For many people, strategy is a little bit of a mystery. Often, we have a sense, in order to know what strategy is, you have to be super senior. If there are a lot of job experience, it seems very complicated. Nonsense. Strategys simple. Its a plan to create value. The way a company plans to create that value, thats the strategy of the company. [MUSIC PLAYING] Of course, its natural to look at financials. What are your margins, whats profitability, whats the return on invested capital, and that, of course, shows the result of strategy. Its an endpoint. Its a consequence. Its not actually where we start. The strategy is about looking forward, seeing the future, planning for the future. We want to start with a sense of how much value do we create in the first place. Value for customers, value for employees, and value for suppliers. Value is the difference between willingness to pay and willingness to sell. Theres a really straightforward and simple way to s
