Remember the dialogue between Alice and the Cheshire Cat, where she asks which way she should go to get somewhere? The Cat replies: “Oh, you’re sure to get somewhere if you only walk long enough.” In this brief exchange, Lewis Carroll unknowingly captured a common problem for many companies—operating without a clear strategy. He likely never imagined […]
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Life constantly forces us to make decisions. Every choice we make, in one way or another, influences our future. Some decisions can determine our fate for years, even decades. To make any important decision—whether in business or everyday life—we need thorough analysis. But quality analysis is no easy task. Despite its importance, it’s something we’re
There are three primary problems commonly encountered in strategic management: 1. Lack of Strategic Management as a Governance System Naturally, every company must make strategic decisions, regardless of whether it has a formal strategic management system or not. This is simply a requirement imposed by the external environment. However, how those strategic decisions are made—whether through a
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In today’s environment, changes in a company’s external and internal conditions can occur very rapidly. Often, it’s impossible to obtain complete information about the potential consequences or direction of a threat before it materializes. If a company waits for full clarity before taking decisive action, it may suffer from sudden disruptions. And if the company
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People often search for the reasons behind a company’s growth or demise—blaming everything from product quality to leadership changes or competitor actions. But most of the time, no one clearly remembers why the business was started in the first place or what it was supposed to become. Yet strategy can be a tool that ensures
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