Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Why Strategic Plans Fail

46 views

Published on

It's no secret that for many companies around the world, well-intended strategic plans don’t often materialise into the success hoped for.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Why Strategic Plans Fail

  1. 1. Why Strategic Plans Fail Willah Joseph Mudolo
  2. 2. Why Strategic Plans Fail It's no secret that for many companies around the world, well-intended strategic plans don’t often materialise into the success hoped for. Numerous studies have delved into this topic, and for the entrepreneur who wants to understand the reasons why, here are some.
  3. 3. Willah Joseph Mudolo | 3 A Budget Alone Won't Help When the strategic planning process is approached purely from a numbers perspective, there can be a tendency to focus on just the financial aspect and forget what planning can help uncover: new opportunities, processes and objectives that can be attained. Avoiding the Big Issues The excitement of having a planning session with the priority of charting a roadmap for success can often hide the need to evaluate the current environment and be objective about the obstacles being faced. These challenges have to be candidly discussed and solutions identified if the company is to move forward. Being Too Complex The more complex the strategic plan, the higher the chances of failure in execution. It has to be concise and straightforward, with more focus on getting the commitment required from the senior management team on the goals and how to accomplish them. Lastly, it's crucial for business leaders to hold each other accountable to the strategic plan in place. Each leader has to commit to doing the activities that result in success if the plan is to be executed.
  4. 4. Willah Joseph Mudolo For more on this, visit the blog of Willah Joseph .Mudolo

×