Some common misconceptions about strategic planning include the overestimation of the predictability and malleability of the environment, and the belief that achieving goals depends more on one's own actions than on uncontrollable factors. Another misconception is the undervaluing of adaptive capabilities in unpredictable environments, with many executives feeling insufficiently competent in this area. There is also a tendency to prioritize accuracy over speed in decision-making, even in fast-paced environments.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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