Strategy requires considering alternatives from "summary" of How to Think Strategically by Greg Githens
When developing strategy, it is crucial to acknowledge that there are multiple possible courses of action to achieve a particular goal. This recognition stems from the inherent uncertainty and complexity of the business environment. By considering different alternatives, decision-makers can explore various paths to success and identify the most effective one. Furthermore, examining alternatives allows for a more thorough evaluation of potential risks and rewards associated with each option. This process enables organizations to make informed decisions based on a comprehensive understanding of the implications of each alternative. Moreover, considering alternatives fosters creativity and innovation within an organization. By encouraging stakeholders to think outside the box and explore unconventional solutions, companies can discover new opportunities for growth and competitive advantage. Thi...
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