Embracing Critical Thinking

Strategy development and internal reviews often center on precedents, trends, and due diligence. They address"what will happen."  Change the question to "what may happen" :

• Role-play other parties.
• Listen to assumptions in the way a strategy is supposed to work.
• Watch out for confirmation bias, overconfidence, survivor bias, and groupthink.
• Forecast your competitors' results.
• Beware of missing pieces in the tools you use.