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Top 10 Cognitive Biases that Affect Strategic Planning

LSA Global

Certainly, framing and context can help us to make decisions more efficiently, but cognitive bias also can lead us to errors in judgment because we are not being completely rational and objective. Make sure you understand and shape your culture to help, not hinder your strategic priorities. Cognitive Bias and Strategy Planning.

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A Tool to Map Your Next Digital Initiative

Harvard Business

Once the initial BDN has been constructed, measures for each of the benefits and responsibilities for all of the benefits and changes must then be assigned and time scales established. In the apparel industry, the benchmark for inventory accuracy is somewhere between 60% and 70%. However, the implications of inaccuracy are significant.

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You Don’t Need to Be a Silicon Valley Startup to Have a Network-Based Strategy

Harvard Business

But most successful companies used electricity and motors to reinvent their existing businesses, whether in manufacturing, transportation, or construction. Or it could be indirectly, as Opower does in giving people benchmarking data on energy usage to foster conservation and efficiency.