Can you face up to strategic failure?

08/24/2011 | IndustryWeek

Too many business leaders refuse to take responsibility for strategic failures, writes Lonnie Wilson. Bosses who deny or rationalize their mistakes, idealize bad situations or pass responsibility to others create huge managerial problems. "The entire organization takes on an uncertainty both in decision-making and in action that is always damaging and possibly crippling," Wilson writes.

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