Tactics need to be ironed out before a realistic strategy can be determined. As with objectives, intertwining tactics and strategy is the only way to develop a winning strategy. Rethink planning sessions. Planning sessions are valuable, but not for developing strategy. Use detailed planning sessions to deal with the immediate business needs.
Good strategy focuses on insight that helps create value.
Companies with true insight develop realistic strategies. In many instances, these are things for which it is very hard to predict the return on investments,' says one expert. You have to believe in the concept. Managers must also be transformers, leaders who can take a company through many changes at a rapid pace . Technology is advancing so rapidly that the results are often unpredictable, thereby rendering many long-term strategic plans ineffective.