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.

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