Education often biases us towards immediately trying to solve well-framed problems. An algebra test poses solvable algebra problems, and a physics test poses solvable physics problems. Real world problems are much more ambiguous — it may not even be clear that there is a problem to be solved. Even if it is, it may not be clear what sort of problem it is, it may not come with sufficient information to be solvable, or in some cases it may not be solvable as given.
Two Questions to Ask Before Setting Your Strategy
First: Is there a problem to be solved?
June 28, 2022
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Summary.
Many companies get started on strategy-making too late because of a lack of awareness or sense of urgency that there is a challenge to be addressed. When they do get started they rush too quickly into articulating solutions that may not be appropriate for the challenges they actually face. These traps can be avoided by carefully considering two questions before starting on any strategy-making or strategic review process: Is there a problem to solve and what sort of problem is it?
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New!
HBR Learning
HBR Learning
Strategy Planning and Execution Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Strategy Planning and Execution. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
How to develop a winning strategy—and put it to work.