Why Many Companies Fail, and How to Avoid It
Problem Solvers
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Uncovering Strategic Blind Spots
This chapter explores the identification of strategic blind spots within organizations, emphasizing the necessity of honest dialogues and wargaming techniques to simulate market scenarios. Using the case of Nokia's decline, it highlights the importance of understanding competitors' mindsets and employing role-playing to refine business strategies. The discussion also introduces tools like scenario planning and a traffic light system for evaluating business assumptions, encouraging organizations to prepare for unexpected industry changes.
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