mSummary, Issues, solution, learnings

Many Strategies Fail Because They're Not Actually Strategies 1. In an article, Many Strategies Fail Because They're Not Actually Strategies, the author Freek Vermeulen, points out that a strategy is not a strategy if it fails to point out a firm's plans of that it is going to do. 2. Mostly managers make like solitude choices having goals but no strategies because clear set of choices are not mentioned 3. According to the author, communication of the logic is very important to formulate an effective strategy. If it is not communicated, and an isolated choice is made than it is not a strategy. 4. Communicating means you are allowing your employees and other stakeholders to question and you are open to answer their queries. 5. Strategy does not work or go well if it is only imposed and is made without involving anyone in the process. 6. Effective strategy can be made if it is made from top down and with support of bottom managers, allowing even low level managers to share their creative ideas. 7. Changes should be allowed because strategy making is not a thing to be stopped but it requires gradual changes according to the circumstances. 8. The best ideas that are selected, should be accepted without intervention from any of the executives who are not having any enough view sight on the matter. 9. Initiative selection should be made original without any intervention of senior manager. 10. Strategies should be made like crystal clear choices of what a firm want to pursue in future and not like an ambiguous blur isolated choices