Tuesday, January 17, 2006

http://search.epnet.com/login.aspx?direct=true&db=bsh&an=19117740

The article "Stop Making Plans Start making Decisions" is similar to the LLR #2 article. The emphasis on this article is how strategic planning fails because it is usually an annual process that ties in with budget planning. http://search.epnet.com/login.aspx?direct=true&db=bsh&an=19117740In many companies strategic planning isn't about making decisions but is more of an annual process. Current processes are a barrier to truly strategic innovations. 66% of companies researched identifies planning as a periodic event. Not enough time is allocated to strategic decision making. Companies have incorporated continuous issues-focused decision making to improve the strategic process. Executives are receiving more input from stakeholders. Companies are using a strategy development process to drive decision making. The article also states that once a year planning averages 9 weeks which is not sufficient for strategic innovation.

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