Jaico Publishing House
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Strategy - and the planning that created it - has too often failed to deliver its promised results. The reasons for this failure are many and varied, but include an over-reliance on the "next big thing" in strategic methodology, a failure to recognize and deal with the total change that strategy requires in an organization, and an inability to deal with uncertainty. Wilson argues that strategy is a subtle and demanding art, far more than it is a science or a methodology. To succeed in dealing with complex, interacting forces inside and outside the organization, strategy must:
-- Deal with the totality of the organization in the context of its total environment (not just one function or one facet of the organization)
-- Learn to "harness the power of opposites" (the sometimes conflicting objectives of the organization, e.g., the long term and short term; vision and execution; economic constraints and social responsibility)
-- Deal constructively with pervasive uncertainty in its future
-- Develop a strategic vision
-- Create a culture that fosters a "strategic mindset" throughout the organization.
Without constant change and adaptation, a strategy will fail. Continuing success depends, therefore, upon constant learning from customers, competitors, changes in our environment, and our own mistakes.