The Harvard Business Review Morning Advantage of December 6 has a headline titled “Lessons from the Worst-Performing Companies in America.”

It summarizes a Booz study, titled “The Lesson of Lost Value” (published in the Winter 2012 “strategy+business” issue).

An excerpt from above-referenced HBR Morning Advantage:

By a wide margin in both studies, the factor causing these firms’ fortunes to go south was mismanagement of strategy by top executives — specifically, bad bets on what products and services to offer, whether to outsource manufacturing, and what acquisitions to make. “The results are unambiguous,” the study’s authors conclude. “Among the 103 companies studied, strategic blunders were the primary culprit a remarkable 81% of the time.”

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