Recently, I came across this piece – Don’t Let Strategy Become Planning – from Roger Martin. I recommend reading it. If you do not wish to make the time then this post is for you.
Strategy is not planning, it is an integrated set of choices
Strategy is not planning – it is an integrated set of choices that collectively position the firm in its industry so as to create sustainable advantage relative to competition and deliver superior financial returns. Obviously you can’t execute a strategy without initiatives, investments, and budgeting. But what you need to get managers focused on before you start on these things is the strategy that will make these initiatives coherent.
Strategy is singular: there is only one strategy for a given business
..strategy is a singular thing; there is one strategy for a given business – not a set of strategies. It is one integrated…
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