My answer to What makes a good strategist?
Answer by Ken Larson:
Consider downloading the free Biz Info Library article entitled, "Are You Prepared to Succeed in Business" from the"References" Box in the right margin of the site linked below.
Here is an extract:
"The long-term success of a business is dependent on its long-term strategies. It has been said that a company can overcome inefficient use of internal resources if its basic strategy is brilliant, but not likely to get by with the wrong strategies even with excellent production and distribution capabilities.
Past success formulas might not work in the future. Therefore, a company must periodically reexamine its situation as objectively as possible and determine the best course of action for the future in order to meet its goals and objectives.
Many companies get stalled on a flat growth plateau. Strategic planning methods can be used to realistically develop and evaluate growth options.
Management needs to address the issues that affect long term growth, and position the company for outstanding performance.
In order to be effective, planning should become an integral part of the business' culture and needs to be a continuous process."