Andy Grove, former CEO of Intel, teaches a seminar on strategy at Stanford Business School, with Professor Robert Burgelman. They enlisted the students in their fall 2008 Bass seminar to help develop “An electric plan for energy resilience.”
Our aim should not be total independence from foreign sources of petroleum. That is neither practical nor necessary in a world of interdependent economies. Instead, the objective should be developing a sufficient degree of resilience against disruptions in imports.
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In our seminar, we discuss strategy in terms of the “consequential” actions that enable an entity to control its destiny. This requires a certain degree of “paranoia” on the part of that entity about its dependency on forces that affect its destiny.
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