The study's findings imply that businesses often overestimate their control over achieving goals and underestimate the unpredictability of their environments. This could lead to misplaced confidence and unexamined habits in strategic planning. Businesses may need to focus more on building adaptive capabilities to address unpredictable environments and value the speed of decisions over accuracy in fast-paced environments.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
Download template