20 Major Strategic Management Mistakes found in organizations


Which of these mistakes are you making?
Score this:

H = yes, all or most of the time;
M = yes, at times we do;
L = no, we don't make this mistake

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H M L 1. Failing to integrate planning at all levels
H M L 2. Keeping planning separate from day-to-day management
H M L 3. Conducting long-range forecasting only, with extrapolations from the past
H M L 4. Having a piecemeal & separate approach to strategic planning and strategic change
H M L 5. Developing vision, mission, and value statements only/with no effective measures
H M L 6. Having yearly weekend retreats and annual near-term thinking only
H M L 7. Failing to complete an effective implementation process
H M L 8. Violating the “people support what they help create” involvement premise, and best practice
H M L 9. Failing to make the “tough choices” or suppression of differences of opinions
H M L 10. Lacking a Quadruple Bottom Line, Balanced Scoreboard; measuring activities, not what's important results & success
H M L 11. Failing to define and/or plan for Strategic Business Units and Functional Departments in a meaningful way
H M L 12. Neglecting to benchmark yourself against the competition & Best Practices
H M L 13. Seeing the planning document as an end in itself - missing the need for a yearly Strategic Management System & Cycle
H M L 14. Having confusing terminology, language, and a Bureaucratic Annual Process
H M L 15. Trying to facilitate the process yourself by being penny wise and pound foolish when it comes to the use of a master consultant/facilitator
H M L 16 Failing to identify, develop, and defend your unique positioning in the marketplace vs.the competition in the eyes of the customer
H M L 17 Failing to adequately involve the CEO and top management as active leaders of this key process
H M L 18 Isolating yourself from the competitive environment and a failure to do meaningful and regular quarterly environmental scanning
H M L 19 Form and ritual rather than substance
H M L 20 Conducting business as usual after doing strategic planning - The SPOTS Syndrome (Strategic Plan On Top Shelf gathering dust)

 


Total # of H x 5 =
0
+ M x 3 =
0
+ L x 1=
0
=
0
(Total Score)


Out of a Possible Score of 100 Points
80 – 100 = Strategic Management is a visionary art for your senior leadership
60 – 79 = Strategic Management is a serious effort for your organization
40 – 59 = Strategic Management is not understood or appreciated
20 – 39 = Strategic Management is bankrupt - what are the potential consequences?

 

"A Single and one time intervention will not change much of anything except for another short term fix.

Real Change requires multiple strategies focused on clear outcomes."

- OD Practitioner, May 2007

 

"When you’re prepared, you’re more confident. When you have a Strategy, you are more comfortable."

–Fred Couples!