How to Sell to Everyone in Everywhere

Every year, at insurance companies around the world, strategic planning processes unfold. They aspire to set bold new direction but frequently yield incrementalism and strategic inertia-in insurance, and in just about every other industry. In fact, research by our colleagues shows that economy-wide, in multidivision companies, the amount of capital allocated to each business unit from one year to the next is nearly identical; the mean correlation is .92.There are myriad reasons for this, ranging from risk aversion to corporate politics to the Quixotic quest for the perfect strategy that does not exist. And there's also an empirically substantiated way out: recognize that strategy is about playing the odds. Not every decision is going to result in a win-but companies that increase their batting average, so to speak, are more likely to succeed. Strategy is probabilistic, not deterministic. That, too, is the case in every industry, according to a multiyear research effort by our colleagues that culminated in the 2018 publication of Strategy Beyond the Hockey Stick. Strategy is probabilistic, not deterministic.

Autorentext

Morteza Kohansal is a CEO in Iran.a strategic management consultancy firm. He is also a part time lecture in a number of public and private university. He is perusing a PhD in Sales Management,a Doctor of Business Administration(DBA),and holds a Master in Management. He wrote 5 management books in Iran. He was born in 18,January 1984.