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In this issue we focus on a number of strategy development issues: Can pursuing a set strategy actually be the wrong thing to do? How can you increase your chances of success when embarking on a strategy study? And is strategic planning really worth all that effort?

It can be hard to reject a proposed strategy. But sometimes it’s the right thing to do, as Wessex Water found.

It can be hard to get your strategy to deliver. But include these four ingredients and you’ll be well on the way.

Strategic planning can be a time-consuming process. So is it really worth all that effort? What is your view?

No pain, no gain? Select below which of the statements best aligns with your own views.

“Every organisation, business unit or function should have a well defined and regularly reviewed strategic plan. The effort’s definitely worth it”
	49
“Having a strategy is obviously important, but keep it simple and high level. Apply the 80/20 rule – 80% of the benefits can be obtained with 20% of the effort”
	35
“Strategic planning rarely provides much benefit. You’re far better off focusing on the next 12-18 months than trying to work out where you should be in 5 years’ time”
	8

The poll is closed.