Is Your Core Competence Still Relevant?
Forbes
The problem for many leaders is that this line of thinking is the opposite of lessons they've learned for much of their careers: Stick to your knitting; stay with your core competencies.
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Outstanding article!!!
As a leader the question is what can we do to ensure that our business strategy is relevant today and in the future?
The Outside In and Future Backcan process ensures that you do a full SWOT Analysis as part of your annual strategic planning process, and scan the external environment (laws, technology, environmental, politcal arena, financial arena, competition, and global trends) and look towards your business from the lens other than your own.
Then having contingency plans such as Plan B, C and also back up plans such as Z plans in place.
Please....welcome any comments on best practices!