bMighty

Strategy Matters: 5 Reasons Why Strategy Fails
July 2, 2008

by Nilofer Merchant

Following best practices can help drive a successful business strategy, but understanding what the “worst” practices are is just as important. Here are five reasons strategy fails in small businesses, in midsize businesses, and in large enterprises

I’ve watched strategy being developed within companies like Adobe, Apple, Autodesk, and Nokia. I’ve seen strategy created by individuals. I’ve seen the big suits of Bain and McKinsey at work. I’ve seen it done well, and occasionally I’ve seen it done poorly. Having read more than 100 books that define the best thinking on strategy, I’ve noticed that following the existing methods often doesn’t yield success.

The original publication can be found at this link.

Tags: , , , , , , , ,
Practice: Define