<ul><li>The Cobra Effect refers to the unintended consequences that arise from well-intentioned plans.</li><li>Three common traps leading to the Cobra Effect are loopholes in incentives, ignoring context, and short-term focus on profits.</li><li>To avoid the Cobra Effect, businesses should set holistic goals, test decisions first, incorporate feedback loops, boost cross-department collaboration, and keep stakeholders informed.</li><li>A thoughtful and comprehensive approach to strategy and goal-setting helps minimize risks and foster a healthier business environment.</li></ul>

The Cobra Effect: Its pitfalls and how to prevent them

Discover more