The common approach to strategic planning among executives is to begin by articulating a goal and then analyzing how to get there. They tend to value accuracy over speed of decisions, even in fast-paced environments. However, this approach often reveals a tendency to overestimate the predictability and malleability of their environments, with over 80% of executives believing that achieving goals depends more on their own actions than on uncontrollable factors.
Follow up to the first part of our Business Strategies and Frameworks compilation, part 2 offers you...
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