Overcoming the Five Reasons Strategies Fail
Proper strategic planning is the most important first step for any organization.
However, 70% of all strategic plans fail!
Learn about what strategic planning is, how all plans are inherently the same, how strategic planning is a process, why planning saves money, how process improvement is linked to planning, and...
Discover the five primary reasons strategic plans fail, and how you can overcome these reasons:
At its most basic form, planning is nothing more than figuring out how you will get from one place to another. Every day people plan: people make a list of things to buy at the grocery store; workers determine the best route to travel to and from work each day; we plan out how to finance that new car; etc.
Strategic planning applies to the development of an overarching organizational plan on how the business will get from where they are today to their vision many years in the future, or at least the general direction they will head over the next several years.
So, 70% of all plans fail to some level; however, by following this guide, you can ensure your strategic plan will be one of the 30% successes that everyone reads about.