Stop Making Plans Start Making Decisions by Mankins, Richard Steele

"Stop Making Plans; Start Making Decisions" by Michael C. Mankins, Richard Steele
1. As per the case study, what are the two problems in organizations that lead to failure of most strategic planning? 2 points
Timing; even when there is sufficient time allocated for strategy development to enable executives address tough issues, issues could arise from the timing of the process. In most businesses, strategic planning is a batch process where managers analyze competitor and market information, identify opportunities and threats, and then formulate a multiyear plan. Poor timing of this can lead to problems and eventual failure of the entire strategic planning process.
Time; some businesses rely on a once-a-year planning schedule. The disadvantage of this is that the planning does not allow executives to have adequate time to address the issues which affect...