A common error in crisis strategic change situations is for managers to attempt to save too much of the business.

Question

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Trying to salvage every aspect of a struggling business can lead to spreading resources too thin and failing to focus on critical areas that need attention. A more effective approach is to identify the core strengths and prioritize efforts to preserve and build on those strengths while letting go of less essential activities.

A Common Error in Crisis Strategic Change Situations Is for Managers