Unexamined habits in strategic planning can lead to misplaced confidence and a lack of adaptability. Executives may overestimate their control over achieving goals and underestimate the unpredictability of their environment. This can result in strategic plans that are not flexible or responsive enough to adapt to changes in the environment. Furthermore, a focus on accuracy over speed in decision-making can be detrimental in a fast-paced environment.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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