Monthly Archives: January 2010

Are Strategic Plans Obsolete?

In this week’s Wall Street Journal Article “Strategic Plans Lose Favor” (January 25, 2010— link below) the questions were surfaced about the value of Strategic Plans. It really brings the conversation front and center.
The world has changed and those companies that have not invested time in building the capability of their organization to think strategically could be in trouble.

A plan that is built and shared at only at the top of the organization will just not work.

The strategic plans that we see working are living documents! They are collectively built, fact-based, externally focused and flexible. They have mechanisms to quickly address and communicate what an organization should start, stop or continue on a regular basis.

Leaders in every function and at all levels are trained to think and act strategically so that the organization is alert every day, week and month to renew their strategy.

All the best, Paul

http://online.wsj.com/article/SB10001424052748703822404575019283591121478.html