So, what happens to the companies when their Chief Decision Makers (CDM) do not spend any relevant time planning ahead? ... Errors occurs. Profits are lowered. Costs are raised. Risk are not mitigated and opportunities are missed.
By mis-assessing their situation, their planning is usually based on their conceptualization of what their position is about.
Poor assessment occasionally means an average or a sub par strategic position. Average position usually creates inadequate influence.
Click here for an good example on poor decision management by a chief decision maker.
One could only ponder that whether this type of Chief Decision Makers have ever spend any serious time researching the specifics for building a proper Big Tangible Picture (BTP). If a plan is ever developed, they should know when to stay on course and when to adjust from it. ... In most cases, these Chief Decision Makers (of the upper level) are focused on the "now." They rarely suffer any risk consequences for their massive "SNAFU" decisions.
Historically, these "CDMs" usually kick the can forward and let their successor worry about it. ... Life moves on for them. ...
The Compass Solution
It can be discouraged for those who are competing in our pseudo transparent world of complexity and elongated connectivity. However, there is a pattern to everything.
In the future, we will post a few items on how to assess a situation through the utilization of the Five Critical Strategic Factors.
Regardless of the amount of "big data" technology and the quantity of people that has graduated from the elite schools, the experience of assessing, planning and implementing generally prevail in critical times.