Six Disciplines

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Plans Are Nothing - Planning Is Everything

Six Disciplines

The importance of business planning is frequently misunderstood. Here are 9 commonly-held myths: about business planning: Most small and new businesses don’t need business plans. You need an MBA to write a convincing business plan. Business plans are only necessary when you need to raise money.

Planning 121
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Strategic Thinking vs. Strategic Planning

Six Disciplines

Are strategic thinking and strategic planning - the same thing ? While they certainly related and complementary, thinking strategically and planning strategically are two different concepts. Strategic planning , on the other hand, is a continual planning process that relies on strong strategic thinking.

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Reasons Why Strategic Plans Fail

Six Disciplines

In general, strategic plans can fail for two types of reasons: inappropriate strategy and poor execution. More often than not, however, it''s not that the strategic plans fail - it''s the execution that fails. Failure to follow the plan. Incomplete SWOT analysis with respect to the desired objectives. Failure to coordinate.

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The Ten Myths of Strategic Planning

Six Disciplines

CEOs of small businesses often appear to believe in myths surrounding the subject of strategic planning and execution - myths that can prove dangerous to the health of their organization. Myth #1: “We don’t need a strategic plan!” Myth #2: Strategic planning can only be done at a resort. Planning is a process, not an event.

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Strategic Thinking vs. Strategic Planning

Six Disciplines

Are strategic thinking and strategic planning - the same thing? While they certainly related and complementary, thinking strategically and planning strategically are two different concepts. Strategic planning, on the other hand, is a continual planning process that relies on strong strategic thinking.

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The Demise of Strategic ANNUAL Planning

Six Disciplines

A while back, Harvard Business Review published an article: Stop making plans; start making decisions. Most executives view traditional strategic planning as worthless. Second, it unfolds unit by unit—with executive committee members visiting one unit at a time to review their strategic plans. Their premise? The solution?

Planning 101
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24 Steps To Planning and Executing Strategy

Six Disciplines

Planning to plan and getting organized. The holding company strategic plan. The business level strategic plan. Write your business plan. Write your annual plan. From " How To Implement Any Corporate Strategy Successfully ": Appreciate the benefits of strategic management. Understand the logic of the process.

Planning 101