Corporate Strategy : The Bad & Ugly

Teh biznez cat has spokenz

This is a very interesting article on how most companies would blindly set coporate strategies and directions without much thought on whether the strategies and directions in which they set are correct and beneficial to the company. In it, the author noted several key points in why most Corporate Strategies set by organizations fail;

• Failure to identify current challenges and problems.
• Mistaking goal, vission or mission as strategy.
• Bad strategic objectives; focusing on multiple objectives, instead of a few.
• Flulffs; using sophisticaed words which masquerade an otherwise direct strategy.

The author also noted the reasons why people tend to make common mistakes listed above as well as several good tips on how to create an effective strategy. What caught my attention in the article was the "Condorcet’s paradox" or also known as Voting Paradox.

I wonder why they coined it in French.