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LeadershipManagementStrategy

Cognitive Biases in Strategic Planning: A Leader's Survival Guide

Daniel KahnemanHarvard Business Review15 min readSeptember 14, 2020
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Summary

Strategic planning is particularly vulnerable to cognitive biases including overconfidence, confirmation bias, and the planning fallacy. Kahneman outlines how organizations systematically overestimate benefits and underestimate costs of proposed initiatives. The article presents a structured approach to debiasing strategy sessions, including reference class forecasting, pre-mortems, and adversarial collaboration.

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