tag:blogger.com,1999:blog-7790648712079591257.post6653276277882460415..comments2023-12-25T02:28:46.982-08:00Comments on Strategy Musings: The Strategist’s Challenge: Managing Choices and Optionscb@strategyhttp://www.blogger.com/profile/08830361140191018158noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7790648712079591257.post-4471795602221520792012-10-06T11:33:27.033-07:002012-10-06T11:33:27.033-07:00I fully concur with the view Strategy is a process...I fully concur with the view Strategy is a process but one wonders why even some of the most process oriented companies with a good track record and strong leadership tend to fail. While there may be instances of such failures due to poor execution, this would appear to be an inadequate explanation as a whole. Couple of things come to mind -(a)mistaking robustness for resilience and (b)lack of awareness of cognitive biases in decision making. I suggest these two points based on two recent books I have read - Andrew Zolli's Resilience and Daniel Kahneman's Thinking Fast and Slow. In addition to various quantitative/analytical measures, it seems to me the tool box needs to be expanded to include the ability to "preserve adaptive capacity" and an acute awareness of human decision making processes to combat bias/poor judgment at the personal and the organizational level. This is more of a cultural change...something that must be owned by the entire leadership team to reap even a modicum of success.Narayananhttps://www.blogger.com/profile/02795521262546415260noreply@blogger.com