Remember the days when companies kicked off an annual strategic planning event with The Vision slide? A few strategy statements set goals, and quarterly reports showed an unsurprising lack of progress. We’ve come a long way since then. Or have we? The reality is, nearly half of all strategic initiatives fail because companies don’t connect strategy to delivery. Let me repeat. Half of our strategic visions never become reality.
We are acutely aware that the rapidly changing business climate exerts powerful market forces. Technology and strategy, from digital transformation to disruptive innovation to technology convergence to workforce upheaval. Think Amazon Effect. We can’t plan once and be done. The way to stay nimble is to make strategic planning a continuous process that connects your vision to a roadmap for execution and delivery. Without a living strategy, you can go very fast in the wrong direction.
Read More from This Article: IDG Contributor Network: Strategic planning gets real when you connect strategy to delivery
Source: IT Strategy