In one of my recent LinkedIn discussions about business strategy, a commenter lamented: “Unfortunately, many of the strategic plans we see are no more than a mish-mash collage of ‘individual level’ rush-to-do’s, often missing out on an ‘organization-level’ cohesive and thought-through design intent.”
My correspondent had tagged an important challenge for all companies: where does strategy making end and execution begin? Most haven’t found a clear answer to this question and the impact is immense. It means that businesses develop strategic plans where they’re not required and fail to develop strategic plans where they are. Read this HBR article to find out more.