Stress-Test Your Strategy: The 7 Questions to Ask

An economic downturn can quickly expose the shortcomings of your business strategy.  But can you identify its weak points in good times as well?  And can you focus on those weak points that really matter? A stress test — an assessment of how a system functions under severe or unexpected pressure — can help you home in on the most important issues to address, whatever the economic climate.  By asking tough questions about your business, you can identify confusion, inefficiency, and weaknesses in your strategy. For the past 25 years, Harvard Business School Professor Robert Si.....
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