A Budget Does Not A Strategy Make!

Let’s see how many of us have been involved in this type of conversation:

Strategy Consultant:Do you have a Strategic Plan?

C-Level Client:Absolutely!

Strategy Consultant:Oh, great! May I see it?

C-Level Client:Of course! Let me get it… Here you go.

Strategy Consultant:OK, thanks.

(30 seconds pass)

Strategy Consultant:Umm, this isn’t a strategic plan.

Strategic Planning is one of those things that every leadership team claims to do, but, few actually perform.

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About the Author

James M. KerrJames M. Kerr, Partner, BlumShapiro Consulting, is the author of The Executive Checklist (Palgrave Macmillan, 2014). As a management consultant and organizational behaviorist, Jim specializes in strategic planning, corporate transformation and project & program development. He can be reached at [email protected]

Strategic Planning – How Much Should Organizations Spend on Business Planning?

StrategyDriven Strategic Planning Principle ArticleWell-crafted strategic and annual business plans provide a sense of purpose and direction. They establish the operations and initiative activities the organization will implement in order to achieve defined outcomes. Furthermore, these business plans serve as a communications mechanism to drive alignment of management decisions and employee actions to the effective and efficient achievement of the organization’s mission goals. (See StrategyDriven article, Why Do Organizations Need Strategic Planning.) Without business plans, time and effort may be applied to activities less directly focused on achievement of the organization’s goals thereby wasting the business’s precious limited resources.

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About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.