17 Questions
How can companies overcome hurdles fast and at low cost according to the text?
By utilizing tipping point leadership
What is the key factor in motivating key players to carry out a break from the status quo?
Utilizing tipping point leadership
Why do many companies find resources in short supply despite a shift in strategy?
Due to the assumption that greater strategy shifts require more resources
What is the perceived wisdom that companies need to abandon to achieve change effectively?
Conventional wisdom on effecting change
Which leadership approach helps in winning employees’ backing in executing a break from the status quo as per the text?
Tipping point leadership
Why can fluidity be more important than a finely tuned strategic compass in an uncertain world?
It allows for adaptation to rapid changes and ambiguity.
What is the primary consequence of internalizing a strategy into a corporate culture?
Potential emergence of group think.
Which term describes a short-sighted marketing approach that focuses on the company's needs over customer needs?
Marketing myopia
What is often a consequence of survivorship bias in strategic management theories?
Failure to consider theories that have fallen out of favor
Why might many theories in strategic management fail to build a complete corporate strategy?
They often lack focus necessary for comprehensive strategy development.
How can populism or faddishness impact the life cycle of a particular management theory?
It may cause its application in inappropriate scenarios.
What is a key non-financial benefit of strategic planning mentioned in the text?
Improved understanding of competitors' strategies
Which action is NOT mentioned as a way to improve strategic planning outcomes?
Building an executive team focused on vertical hierarchy
What could be a reason for the failure of strategic plans according to the text?
Failure to overcome organizational hurdles
What is one aspect of strategic planning that can accelerate the implementation of core strategies?
Empowering middle managers
In the context of strategic planning, what is meant by 'red oceans'?
Comfort zones that hinder growth
What is a key characteristic of successful strategic planning according to the text?
'Singing from the same hymnal' organization-wide
Explore the non-financial benefits of improved understanding of competitors' strategies, enhanced awareness of threats, reduced resistance to change, and enhanced problem-prevention capabilities in an organization-wide, proactive approach to a changing global world. Learn about building an executive team that models cross-functional teamwork and executive development processes.
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