A Plan Is Not a Strategy - Deepstash
A Plan Is Not a Strategy

A Plan Is Not a Strategy

Harvard Business Review

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Planning VS strategy

Building a plan, such as hiring people, constitutes the cost side of the business.

Strategy, on the other hand, specifies the competitive outcome you aim to achieve:

  • You don't entirely control the strategy. Instead, it's about what you believe can happen and what you want to occur.
  • Strategy involves initiatives like making customers prefer our products more, rather than guaranteeing success.
  • It's about finding a winning approach to grow consistently.

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The Planning Trap

  1. Strategy entails inherent angst.
  2. It induces feelings of anxiety.
  3. Strategy cannot be definitively proven.
  4. Strategy aims to position us advantageously.
  5. Embracing uncertainty is a hallmark of effective leadership.
  6. Clearly outline the logic of your strategy.
  7. Focus on the "why" to avoid unnecessary complexity.
  8. Formulate a strategic plan to achieve your goals.

Implementing strategy is more effective than simply planning.

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CURATED BY

christinachung

- a person who value growth/self-improvement/value-exploration

CURATOR'S NOTE

A Plan Is Not a Strategy

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