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Friday, December 8, 2006
Business strategy based on false assumptions
When formulating theories and business plans, we are usuallyfond of qualifying them by stating the assumptions we have made.The commonly used assumption is the latin phrase “cēterīs pāribus”,basically stating that our plans are based on “all other things beingequal.” Should there be a change in these variables or assumptions,our projections would be different. The critical thing to remember