Published by:
Harvard Business Publishing
Length: 6 pages
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Abstract
Successful strategic planning requires a thorough knowledge of operational resources. Managers can take five steps to forge effective links between a new strategy and operating plans: determine a functional overload does not exist before embarking on a new strategy; insulate portions of the business from strategic shock waves; pay personal attention to major "coupling" issues between strategy and operational planning; ensure that the strategic planning team has charted comprehensive follow-through actions; and focus on downward, not just upward, communication within the corporation.
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Abstract
Successful strategic planning requires a thorough knowledge of operational resources. Managers can take five steps to forge effective links between a new strategy and operating plans: determine a functional overload does not exist before embarking on a new strategy; insulate portions of the business from strategic shock waves; pay personal attention to major "coupling" issues between strategy and operational planning; ensure that the strategic planning team has charted comprehensive follow-through actions; and focus on downward, not just upward, communication within the corporation.