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Wednesday, February 8, 2023

Stumbling Blocks that get in the Way of Strategic Planning | HBR

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Strategic planning has been dubbed a “huge deception” since what happens in an organization is not always the same as what was outlined in the strategic plan.

Managers struggle with strategic planning to the point that some experts say it doesn’t exist. In fact, if you can avoid the stumbling obstacles, strategic planning may be a really important tool in your toolbox. The key is to understand that a strategic plan is not a to-do list but rather a collection of concepts that will undoubtedly evolve. As a result, it’s critical to incorporate change into the process. Finally, avoid overly tying your strategic strategy to your budget.

Source: https://hbr.org/2022/04/3-stumbling-blocks-that-get-in-the-way-of-strategic-planning

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