Navigating the Minefield of Strategic Planning
Who may hinder you from achieving your strategic goals? Perhaps it will be you.
This is the second article in the series on cognitive strategic biases.
Measure twice, and cut once. We all have heard it. By the way, in my home country, it sounds like "measure seven times, cut once" – I don't know why.
It works great in construction or medicine. But in strategic management, meticulous planning can do more harm than good.
Empire State Building
Construction of the Empire State Building began in January 1930. It's hard to believe, but it was completed by April 11, 1931.
The workers installed the first steel framework on April 1, 1930. From there, construction proceeded at a rapid pace. During one stretch of 10 working days, the builders erected fourteen floors.
The scale of the project was massive. Trucks carrying "16,000 partition tiles, 5,000 bags of cement, 450 cubic yards [340 m3] of sand and 300 bags of lime" arrived at the construction site daily (source).
It required meticulous planning.
The team didn't have computers or AI-based t…