Your true, actual strategy may not really be what it says in your mission, vision or strategic plan; Here's the litmus test.
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THE REAL DEFINITION OF STRATEGY
1. WHAT IS THE REAL
DEFINITION OF STRATEGY ?
CEO 911
Lesson 9 from:
20 Learnings from Electroline
& Places of Lesser Repute
I had been a CEO more than 10 years
when I finally learned this simple,
compelling definition of strategy.
2. STRATEGY:
Its not what your mission or vision or strategic plan
or operating plan says, it¨s where your company
actually spends and invests its money.
So scratch out the word ^Expenses ̄ everywhere it
appears in your financial statements and replace it
with ^Strategic Investments ̄ then look very hard at
every line and every penny underneath C because
those line items are the reality of your strategy.
CEO 911