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Arrested Development: Why is the Strategic Planning Process Not Working?

Details for Arrested Development: Why is the Strategic Planning Process Not Working?
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Name	Arrested Development: Why is the Strategic Planning Process Not Working?
Description	True or false: Leaders are suffering from myopic amnesia? More and more, the answer is true. Leaders implement strategies that are singularly focused on short-term performance and forget the core strategic initiatives agreed upon in the strategic planning process. Leaders and organizations become distracted and subject to shiny object syndrome. The end result is that organizations do not deliver to their potential. From our study, strategic planning does not translate to great performance for most organizations: Only 8% of strategies actually generate results as planned with 37% failing totally. Only 11% of executives feel their strategic planning process is worth their investment of time. Leaders were given an overall score of 69% on the ability to connect strategy to results for their organizations – a C+! Bottom line – organizations capture only 63% of their potential financial performance and, as a result, leader credibility suffers. Strategy is crucial for organizations to be competitive and successful. Why is it not working? People are not clear on what is important and spend time doing second things first. In our research we identified six challenges that block leaders and businesses from being strategically effective. Strategic planning done right builds prepared minds, provides a framework for executive decision-making, and acts as a catalyst for employee engagement – the real competitive advantage. Leaders need to take a strategic approach to strategic planning to simplify, leverage, accelerate and multiply results for the organization.
Filename	whitepaper4.pdf
Filesize	524.52 kB
Filetype	pdf (Mime Type: application/pdf)
Creator	cra7_jesse
Created On:	09/22/2009 20:47
Last updated on	11/26/2009 15:12
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