Good strategy requires continuous reassessment and adjustment from "summary" of Good Strategy Bad Strategy by Richard Rumelt
Effective strategy is not a one-time event that can be devised and then set aside. It is an ongoing process that requires constant evaluation and adjustment. This is because the competitive environment is constantly changing, and what may have worked in the past may not necessarily work in the future. Continuous reassessment allows a company to stay ahead of the curve and adapt to new challenges and opportunities as they arise. By regularly reviewing and analyzing the effectiveness of their strategy, organizations can identify areas that need improvement and make the necessary adjustments to ensure long-term success. One of the key reasons why continuous reassessment is crucial for good strategy is that it allows a company to remain agile and responsive to changing market conditions. By regularly monitoring their performance and comparing it to their goals, organizations can quickly identify areas where they are falling short and take corrective action before it is too late. Moreover, continuous reassessment helps to prevent complacency and stagnation. In a rapidly changing business environment, companies that rest on their laurels and fail to adapt are likely to be left behind. By regularly evaluating their strategy and making adjustments as needed, organizations can stay competitive and ensure their long-term viability.- Good strategy requires continuous reassessment and adjustment to remain relevant and effective in a dynamic business environment. By staying vigilant and responsive to changing market conditions, organizations can position themselves for long-term success and avoid being blindsided by unexpected challenges.
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