Leaders get paid to think big, which means they sometimes announce ambitious initiatives and then leave the details for others to figure out. These leaders hand down the marching orders and expect targets to be hit. But they are not around at 3 a.m. to see the fallout on the rank and file.
[This article has been reproduced with permission from Knowledge Network, the online thought leadership platform for Thunderbird School of Global Management https://thunderbird.asu.edu/knowledge-network/]
Strategy is a very overused, misused word in corporates by smart jargon loving MBA's who have no grounding in actual implementation. I feel a person should be a tactician first before he starts stategising. You cannot be a General without being a Major and a captain and a cadet. Strategy is once in a year plan or goal or initiative taken for the future growth. Managements have the habit of constantly tweeking with strategy on a weekly or monthly basis and worrying about results. Tactics give day to day results Strategy gives once in a life time or year results. You cannot have a new strategy to improve sales every week.
on Oct 12, 2012