Strategic Planning is about Elimination

Strategic Planning is about Elimination

Strategy is about knowing what to sacrifice. It is through a process of elimination that we arrive at the right path. Often, we confuse tactics for strategy.
Strategy, very briefly, requires the following:
1. We should focus on how to deliver the stated goals / objectives
2. We should work at 2 levels - market & mind / heart
3. We should have cross-functional alignment. It is not uncommon for teams to develop plans in isolation... A surefire recipe for disaster
4. We should have time lines and measurability
5. We should - most importantly base it on fundamentals: how to create greater value in the stakeholders' life.
In all of the above, what's important is to know what to give up.

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		0 Abhishek Vidyarthi, India
	Strategy is About Having Clarity Strategy does not necessarily means sacrifice, strategy is about having clarity. For sure it can't be confused with tactics, which usually is fire fighting, and usually brings normalcy back, but is never the strategic intent. It's about exploring other avenues, and I agree increasing stakeholders value.

		0 Vijay Jassal Entrepreneur, India
	Strategy and Planning The term "strategic planning" has two parts, "strategy" and "plannng". Planning is a broader term ... Sign up

		2 Manosh R Sengupta Management Consultant, India
	Strategy, Clarity and Elimination @Abhishek - thanks for your feedback. I agree about clarity, which in my experience is achieved thro... Sign up

		2 Abhishek Vidyarthi, India
	Not Doing the Wrong Things is Not Enough Thanks for your inputs, as per experince in this matter, I think asking the right question is the on... Sign up

		0 Mellacheruvu Adi Saasthry Director, India
	Strategic Planning is About Elimination Manosh, I have a slightly different perception, It is more of considering and answering every quest... Sign up