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Strategy

Phenomena

CHAPTER

The Importance of Strategy in the Modern World of Business

In the modern world of business, there's more personal career risk to CEOs who don't take responsibility for outcomes. If you get your strategic plan approved by the board and then do everything that's in that Strategic Plan and the results are crummy, who do you blame? The board for approving your strategic plan, not the person who came up with the strategic plan. They're more inclined to say, well, you've got bad judgment. You said it would produce these outcomes and we're going to fire you.

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