Strategy Questions

Strategy is about asking and answering key questions about your business and its future environment.

But there are also important questions to ask about strategy itself.

Unless you’re clear on key issues like “what is strategy?” and “why strategy is important?” you risk strategy consuming more time, energy and money than it generates.

Just because you “do strategy” doesn’t mean your business will be successful, just as if you “don’t do strategy” it is doomed to fail.

I firmly believe that strategic planning, strategic thinking and strategic management will make a business more successful than letting things happen by chance or by whim.

But there are plenty of examples of businesses who have done their strategic planning, come up with a good strategic plan and then failed to implement.

Part of the problem lies in not being clear about the big strategy questions.

Important Strategy Questions – Seven Strategy Questions

by Paul Simister on November 5, 2011

I’ve been writing a series of articles about strategy questions so when I learnt that Harvard Business School professor Robert Simons has written a book called Seven Strategy Questions: A Simple Approach for Better Execution it seems appropriate to include details of the questions. The Seven Strategy Questions

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Why Is Strategy Important ?

by Paul Simister on October 5, 2011

Have you ever asked yourself “Why Is Strategy Important ?” What Is Strategy And Why Is Strategy Important? I recently wrote about “What Is Strategy?” The business strategy of a company provides the big picture that shows how all the individual activities are coordinated to achieve a desired end result. It is through the strategy […]

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What is Strategy ?

by Paul Simister on October 2, 2011

“What is strategy?” seems such an easy question to answer because you hear the words “strategy” and “strategic” banded around like confetti. But the “What is strategy” question hides a problem. What Is Strategy? People often decide that they need to work on their business strategy before really understanding what strategy is. And doing something […]

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Why Doesn’t Strategy Work?

by Paul Simister on February 21, 2011

I’ve deliberately written a contentious title, “Why Doesn’t Strategy Work” because I believe the opposite. When it’s done right, spending time on developing and implementing your business strategy is some of the best and well rewarded time an entrepreneur can spend. But I also have to admit that when it is done wrong, strategy doesn’t […]

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