A few reasons stand out when we analyze why organizations fail to design and implement business strategy, from unaligned leadership to management systems that don’t support change. There is one reason for success – or failure – that I have witnessed both as a strategy manager for a large business, and as a management consultant […]
Preparing a meal and then eating it are two different activities. Both are needed to avoid going hungry. If you prepare dinner and then don’t enjoy the meal, you’ll still be hungry. Likewise, you cannot have a nice meal without someone preparing it. When it comes to business strategy and strategic planning, we are essentially
Business Strategy vs. Strategic Planning: Why Confusing Them Can Lead to Disaster Read Post »
The term ‘strategic planning’ has become ubiquitous in modern business parlance, but the truth is that the two words represent fundamentally different concepts. In fact, it is precisely because they are so different that it makes little sense to combine them into a single term. First, let’s define our terms. Strategy refers to the overarching
Why ‘Strategic Planning’ is a Flawed Concept that Doesn’t Serve your Business Read Post »
