When it comes to business success, strategy is crucial. Without a strategy in place, a business is unlikely to succeed in the long run unless it gets a real dose of luck. Strategies can take lots of different forms, and there’s no single right or wrong method for success.
While the silver bullet for good strategic decision-making continues to be elusive, there are some hallmarks of bad strategies for finance leaders to see and act upon – and they can appear at any stage of a firm’s growth and in any industry.
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