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In a rapidly changing business landscape, executives need the ability to quickly spot both new opportunities and hidden risks. Asking the right questions can help you broaden your perspective — and make smarter decisions. When Sara Blakely, founder of Spanx Inc. Good strategic thinking and decision making often require a shift in perspective — particularly in environments characterized by significant uncertainty and change. What worked in the past simply may not apply in the future.
But asking such questions also forces you to step back and challenge current assumptions that prevent you from seeing breakthrough solutions. This article builds on our new book, Winning the Long Game: How Strategic Leaders Shape the Future , 1 by focusing on the art of asking pivotal questions to improve strategic decision making. Back in the s, IBM Corp.
IBM hired the consulting firm Arthur D. Little to answer a key question: If a more reliable, cheaper and faster process for photocopying were available, how many more copies would people make in a given year? Since copies in those days could only be made from an original specimen, ADL set out to estimate the number.
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