Six Strategy Traps — signs that your company is pursuing a worrisome strategy.
The do-it-all strategy: failing to make choices, and making everything a priority.
The Don Quixote strategy: attacking competitive “Walled cities” or taking on the strongest competitor first, head-to-head. Remember, where to play is your choice.
The dreams-that-never-come-true strategy: developing high-level aspirations and mission statements that never get translated into concrete where-to-play and how-to-win choices, core capabilities, and management systems.
Strategy is the answer to all five questions in the choice cascade.
The program-of-the-month strategy: settling for generic industry strategies, in which all competitors are chasing the same customers, geographies, and segments in the same way.
These are strategic traps to be aware of as you craft a strategy.
Playing to Win is right up there with Good Strategy Bad Strategy on my list of must reads for anyone seeking an understanding of strategy as it relates to business.
Source: Six Strategy Traps
Originally published at Cogly.
