Reviving Strategy

There has been a lot of question about the value of strategic planning—including this recent article, Strategic Planning Is Dead. This Is Why We Need To Revive It. I’m a big believer that strategy is essential—unless you have no competition and unlimited capital. Not many organizations meet that criteria.

How to “revive” strategy? The authors had three suggestions—take the time for strategic thinking, focus on ‘lethal competitor’ scenarios, and just stop doing some things.;For the first, the recommendation is for executives to;take an hour a day for “deep reflection and meaningful planning . . .