The Seven Sins of Strategy
Recognizing and avoiding common mistakes made by managers
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Action: Provide managers with periodic training and development programs on strategy and strategic thinking skills tailored to their level of responsibility within the organization. Managers should refresh their business-planning skills on an annual basis.
Sin #4: Employing a Bumper Car Strategy. Not investing the time in a sound strategy development process results in a bumper car strategy—the organization mindlessly changing directions each time it’s bumped into by a marketplace issue.
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