Some strategies for reducing overconfidence in strategic planning include: 1) Regularly evaluating and adjusting your perception of the predictability and malleability of your environment. This can help prevent overestimation of these factors. 2) Building adaptive capabilities to address unpredictable environments. This can help ensure that you are prepared for unexpected changes. 3) Prioritizing accuracy over speed in decision-making, even in fast-paced environments. This can help prevent hasty decisions that may be based on overconfidence.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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