Your strategy is the long-term action plan designed to achieve your vision. Depending on the industry you are in, it maps the road your company should take for the next three-to-10 years. It’s designed to help you gain the competitive advantage over your industry peers.
REVIEW
On a regular basis, usually annually, a company needs (and wants) to update its strategy based on changes in its competitive environment and on the Strategy Execution feedback from the previous cycle.
Here are 8 tips to give your strategy review a punch.
PART OF THE EXECUTION FRAMEWORK
The execution framework includes strategy updates as they take place on a regular, recurring basis at all levels of the organisation. It excludes the real strategy work, conducted only once every three-to-five years at the top of an organisation.
