Tag Archives: strategic planning

On Goals and Strategy

Aribitrary goals don't help generate good strategies

A strategy structures the situation, providing guidance as to how to best use the resources and insights available. Useful strategic objectives are not simply the echo of ambition; they reflect an understanding of the forces at work and seek a balance between what is desired and what is possible. Full entry→

Corrupt Advice Generates Strategic Myopia

The big risk in capital budgeting is lying, not uncertain cash flows

Strategy work involves large stakes and strategic decisions mobilize large chunks of resources. If there is a lack of integrity in the system, it becomes difficult to design good strategies. Any choice necessarily shifts resources from some uses to other Full entry→