Seven Habits Of Spectacularly Successful People Chapter 5

The Chapter 5 stresses the importance of Strategy and when it goes bad can cause business disasters, author highlights that a solid strategy should address who are you selling to ,what are you selling and how are you selling it for the company and should be build up on real internal competency that customer is willing to pay for and competitors cannot replicate .
Snow brand milk product disaster is such example where CEO instead of stepping up let the executives handle and corners were cut to meet profitability targets, this is sheer professional negligence. This where author highlight when you get blinded by light you put status quo in big danger.
Following point author mentions are worth looking into when making and managing a strategy and competition
• Relying on all sources of information like salespeople who carry wealth of information about

Businesses need to have right information at right levels of organization through proper established communication channels so that people who are required to have the information have it when they need it and made aware and time right. Ensuring acting up on the information is also .Author highlights this in chapter 8 how to avoid lost signals and importance of vital information signals
The Seven habits of Spectacularly unsuccessful people Chapter 9 the author brings forward seven habitual pitfall that CEO fall into like “They stubbornly rely on what worked for them in past” was the case for Ed Schwinn who insisted on providing product to a market that no longer exists. There are numerous warning signs the author highlight in chapter 10 like Distracted CEO with excessive hype, complicated terminology, unnecessary complexity and speeding out of control all these are traps to avoid and watch for in predicting the future of company