Why a strategy fails to remain a strategy?
In one
of my earlier blogs I wrote about how strategy is different than a problem.
Let me
try giving some more insights about strategy and ‘misuse’ of the word strategy
in the corporate.
If I say
that the strategy is futuristic in nature which defines decision of making
thoughtful choices. These choices explain assumptions about choices and reasons
of choosing to do something and why not to do something.
But
the reality is different.
Very
seldom, you will find the word strategy being used alone. Generally, it is
sufficed with ‘planning’ or ‘plans’. Therefore, the strategy becomes strategic
planning or strategic plans. This change leads to very catastrophic change not
to the word itself but even to the thought process in the organisation.
Plans
or planning denotes actionable events which are scheduled in advance to carry
out in an agreed manner later. It means aligning some doable actions.
More
so in organisations, strategic planning starts with referring to the vision or
mission – a lofty, aspirational goal- as some say. The vision or mission is
then taken to identify some related initiatives. Each ‘identified’ initiative is
put under the scanner of ‘Financial Feasibility which in turn leads to ’annual
budgets’. The moment this is done, strategy is relegated into the background.
Chaos erupts out. Initiatives fail and whole word demean the ‘strategy’.
Annual
budgets are not used to define a strategy rather a tool check the financial
stability. Secondly, initiatives or for that matter financial numbers provide knowledge
about short & medium term success.
A strategy
is not a financial budget. So is the case with the planning, as planning is not
explicit about what the organisation chooses to do and why. Planning in reality talks about logic of
affordability and therefore, it can be supervised. As we were supervisors
during our course of career, we tend to go back to supervision and fail to
understand the real meaning of strategy. Regarding ‘plans’, it again revolves
around allotment of organisation resources.
So,
when you come across strategic planning or strategic plans, beware, they are
not talking about ‘Strategy’ per se. Check with people what they mean before
you react.
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