After surveying 300 executives, 60% said they were satisfied with their process, half of those people noted that their process did not deliver a well-defined strategy that could be executed in the business and could adapt to change.
Video Rating: / 5

Often times the words “plan” and “strategy” are used interchangeably in everyday conversations. But these words have different meanings.

Strategy:
– overarching method for reaching a goal
– dynamic in nature
– refers to a long-term effort
– evolves over time

Plan:
– static
– outlined steps designed to achieve a single objective
– most often short-term
– part of a longer-term strategy

Presented by Cherissa Newton.

For more on this topic go here: http://www.cmoe.com/blog/a-plan-versus-a-strategy-is-there-a-difference.htm

For more about strategic thinking go here: http://www.cmoe.com/strategic-thinking.htm

=======================================
Make sure not to miss a single video from CMOE! Click here to
Subscribe:
http://www.youtube.com/user/cmoeinc?sub_confirmation=1
=======================================
CMOE
The Center for Management & Organization Effectiveness

=======================================
Facebook: https://www.facebook.com/CMOEinc
=======================================
Twitter: https://twitter.com/cmoe
=======================================

Tags: , ,