ABSTRACT
In Chapter 1 we looked at the first two areas of strategic risk: political/economic threats and competitor disruption. In this chapter we look at how the business can be the cause of its own downfall. Internal failure includes the following:
1 Lack of vision 2 The wrong business strategy 3 Lack of innovation 4 Mishandling change programmes 5 Retaining an outdated business model 6 Stagnation 7 Excessive bureaucracy 8 Weak execution 9 Lack of strategic capabilities 10 Errors in diversification 11 Failed acquisitions.
