"....Chance favors only the prepared mind" -Louis Pasteur

This is an interesting article that discusses options to the annual strategic planning session which is typically found to be less valuable than planned. The authors suggest a real-time approach to strategy making. One of the keys is encouraging creative minds. Companies like Capital One do this by allowing executives to create strategy by experimentation.


http://www.mckinseyquarterly.com/article_page.aspx?ar=1191&L2=21&L3=37