Although it looks good on paper, a strategic plan for a company is not always an easy process. The main reasons that these plans fail is because there is one written, not enough time is dedicated to making one and that it is not directly tied into the company’s vision or mission statement. Other reason include making the plan too complicated, not holding people accountable and the plain fear that the plan will flat out fail. A strategic plan can work however management must believe in at and periodically review it to make any and all adjustments.
- Most plans put forth are underdeveloped and do not address long-term profitability
- While most people seem to agree with the plan, most don’t jump in with both feet
- Accountability needs to be manufactured naturally by each and every team member
“It doesn’t yield the results you wanted; you’re dissatisfied with the level of engagement your key people have in it and even irritated with yourself for not making the process a success.”