Surfacing Critical Issues
Most companies are accustomed to identifying major internal issues, such as whether to build a business, divest an asset, or lay off people. What’s harder is the early surfacing of opportunities and threats arising out of external events such as dramatic shifts in demand, competitive behavior, industry structure, regulation, or the macroeconomic environment.
A commonsense approach to identifying such issues early is to poll, regularly, all … [ Read more ]
Author: Lowell Bryan | Source: Dynamic management: Better decisions in uncertain times | Original Publication: The McKinsey Quarterly | Subjects: Management, Strategy