Strategic planning – a waste of time? A simple question and one strategists would hope to answer in the negative. However, an interesting and sometimes heated debate ensued when it was posed this month in the SPS LinkedIn Group.
“An interesting question and actually not easy to answer,” responded one member. “Strategy is a strange beast and there is no one-size-fits-all approach.”
Another was more definite: “Is strategic planning a total waste of time? I would say no, but it must not be viewed in isolation from the other strategy phases,” he wrote. “The focus should shift to continual strategy making from periodic strategic planning. This requires people with curious minds that look into every aspect of life for ideas to plug in to the strategy making process.”
The discussion was deemed to be as much about leadership as strategy by one respondent. “There are ever more ‘tools’ but less information on what works. The real point is to do the process, and to be sure you are really honestly assessing your situation, capabilities, and the markets. A quote attributed to Eisenhower comes to mind: ‘Plans are nothing, planning is everything’”.
With so many thought-provoking insights, why not join the debate?