Top 10 Reasons Your Business Strategy Could Fail Digital Vision/Photodisc/Thinkstock

Top 10 Reasons Your Business Strategy Could Fail

Leaders who rigidly apply a top-down approach to business strategy will not achieve success. Instead, they must assemble the right group of diverse individuals who will capture creative and innovative thinking.

Through our research work and consulting experience over the past 34 years with 42 electrical distributors, 16 electrical manufacturers, and 24 independent electrical manufacturers’ reps, we have consistently found 10 major reasons why these companies fail to execute their business strategies. The electrical distribution channel is not alone when it comes to flawed strategy execution. Consider the following statistics:

90% of well-formulated strategies fail due to poor e

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