Spotting strategic decay

Spotting strategic decay

Leaders often miss the signs when business strategies start to decay, says Gary Hamel, director of the Woodside Institute, a nonprofit research organization in Woodside, Calif., that focuses on management innovation. Answering the following four questions honestly will help you recognize strategic decay in your business while there’s still time to do something about it:

1. Does your strategy still defy industry norms and provide competitive advantages and exceptional financial performance?

2. Are changes in the political, social or business world rendering your strategy less powerful or relevant?

3. Is the pace of improvement in key performance metrics slowing down?

4. Is increasing customer power eating up profits?

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now