Your Strategy Will Fail: The 10 warning signs

#10 | Are you taking the time to think?

Warren Buffet:

“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions, than most people in business.”

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Why strategy fails: Your team doesn’t care

Your strategy has been set.

After months of research and analysis… interviewing customers, spying on competitors, brainstorming with execs and getting feedback from the gods on the board… the plan is finally complete.

The road to success looks clear. You start driving changes. Beginning with a town hall speech on Monday morning.

Yet a month into execution, you notice a BIG problem: People are not engaging with the strategy.

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Why strategy fails: We all think our idea’s The Best

Strategic misalignment often results from disagreements on what to do: Which solutions to adopt and which ones to forego.

So when decision makers are headstrong, pushing to execute their ideas without empathizing with peers, strategy risks taking on too many conflicting initiatives.

Instead of debating solutions, research indicates that strategically aligned leaders first agree on what problems represent priorities. Only then do they start a conversation on what to do.

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