Don't Overstretch your Strategy

Stretch Goals > Forum

Don't Overstretch your Strategy
Bernhard Keim, Business Consultant, Germany, Premium Member
Often stretch goals are abused to push people for unrealistic goals. In that case employees see stretch goals as a threat, not a challenge they feel confident about.
Likewise, in strategy analysis, a good strategy is a strategy that not only fits a company's wishes, but its (cap-)abilities as well. If your strategy is too ambitious and is asking for the "big stretch" especially to make fast-turnaround happen, it may not work.

Sitkin e.a. dedicated an article in HBR (January 2017) to the problems stretch goals might cause in strategy. Companies that try - and fail - are usually in trouble already. Whereas the companies that could benefit from pushing themselves - those with strong recent performance records and resources to spare - start to be complacent and therefore avoid stretch goals. Success has made them risk-averse.
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