Mercer Management Consulting recently released a white paper entitled "Strategic Planning Redux" that recommends that instead of relegating strategic planning to a sterile annual exercise, leaders tie it tightly to funding and execution.
The 12-page PDF suggests that strategists avoid blue-sky planning and spreadsheet jockeying and instead concentrate on how the business is actually run. Mercer's talking points:
- Start with the customer.
- Connect strategy with capital allocation and execution.
- Embrace debate.
- Keep the process evergreen.
Drawing on a Ford Motor Co. case study, the white paper also address which quant data needs to be taken into account — and how.