Final answer:
The three common pitfalls in strategy selection include lack of goal clarity, poor initial design decisions, and inadequate adaptation to environmental conditions.
Step-by-step explanation:
When discussing what are the three common pitfalls in the process of selecting strategies, it is crucial to recognize the complex nature of strategic decision-making. In this context, the three common pitfalls include:
- Lack of clarity in goals which leads to multiple or unclear dimensions, making strategy formulation complex.
- Poor initial design decisions that fail to adequately contemplate customer needs or fail to anticipate future contingencies.
- Insufficient adaptation to environmental conditions, as exemplified by the mismatch between strategy types (Type I and Type III) and the respective stable or unstable environments.
These pitfalls underscore the importance of clear goals, foresight in design, and environmental adaptation in strategy selection.