Does strategic planning drive your strategic decisions?

Here is a great HBR article on the gap between strategic planning and strategic decisions. It discusses how most strategic planning cycles generally do not dovetail with the need for a strategic decision in an organisation.
And if strategic planning does not drive decisions – what does it do?
A memorable quote when talking about strategic reviews in the article is captured below:

Strategy reviews often amount to little more than business tourism. The executive committee flies in for a day, sees the sights, meets the natives, and flies out.”

The article does go on to explain how some organisations overcome this difficulty – or at least partly. I would recommend it as a good read for CEO’s, CFO’s and Strategy Directors.

hbr 0106 stop planning, start making decisions

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