Strategy
If regulators perceive a firm’s strategic plan as weak, such deficits may trigger increased scrutiny, consent orders, and fines. Boards and Management teams that cannot evidence a robust strategic planning process and effective oversight could put their organization’s long-term ambitions at risk.
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One of the challenges of focusing exclusively on any one thing is the inability to think outside of that context. I previously worked with a client who for years had been one of the undisputed leaders in their narrow industry niche. They had developed a leading edge, proprietary technology solution and invested in new production…
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The pace and intensity of rapidly growing firms can narrow management attention to more immediate demands: driving sales, building technology, maintaining service levels, and hiring talent. While sustainable in the short term, if prolonged this more tactical focus limits a more strategic outlook and can stymie a firm’s future prospects. Competitive conditions change, and without…
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