Do You Make Mistakes In Strategic Planning?

There are many strategic planning blunders that can bring a good strategy down during execution. This article describes just 12 of the more common errors that should be avoided or corrected.

1. The timeframe of the plan is too long
   
   While business strategies should be expected to be steady and relatively unchanged for a longer period of time, strategic plans need to remain sharply focused on accomplishing strategic priorities in a timely manner. The plans also need more frequent refreshing to keep them from becoming stale and to keep the organisation energised on plan execution.
   
   Long-term planning certainly has its place in a corporate world, but shorter operational plan horizons, going only 12 months out, allow organisations to utilise valuable current information and remain engaged in delivering to the plan milestones.