
Summary Bullets:
- Telecom companies tend to set their strategy for years ahead on an annual basis and usually based on what they did last year.
There used to be an expression at a major telco that ‘products are not launched; they escape.’ This was a result of the historic tendency to double-check (or triple/quadruple-check) every aspect of product and service provision before launch.
With the introduction of competition, things got more efficient – and continue to do so as new entrants join the market both directly and, increasingly, from ‘left of field.’ However, old habits die hard and the quest for technical perfection endures. Alongside that, corporate cultures and leadership are also evolving to become more agile and flexible, but planning the future tends to rely on updating what was done last year, rather than taking a step back, looking at the big picture, and working out where customers are going and how the market is evolving. Continue reading “Plan Continuation Bias in Telecom”
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