Overview – Article – Five Reasons Why Strategic Plans Fail

Why Strategic Plans Fail

By Randall Rollinson

There are many reasons why strategic plans fail to be realized by the organizations conceive them. Here are five of them:

  1. Failure to assess the current strategic direction before launching a strategic planning effort

To manage a formally stated, integrated, and properly deployed strategy is a major challenge for any organization. To do so without the necessary preparatory steps will, in all probability, result in wasted time, energy, misdirected efforts and can even lead to the resulting plan failing. More importantly, management will be at a disadvantage attempting to create a strategic direction without taking into account their current aspirations and plans.

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