Comments on: Strategic Planning: Innovation Killer or Enabler?

By: cwwinson

cwwinson — Mon, 05 May 2008 15:34:55 +0000

I think innovation and strategic planning have two different approach that people mixed it up.
Innovation is a process that change and evolve new ideas while strategic planning process plan base on what happened and what to respond. Without something happen, planners cannot plan further. In most case, strategic planner assume innovation happened as a fact. And they don’t realize how fast innovation can change. That is why they fail to plan base on something that change all the time.

don’t you see so?

regards,
cwwinson, from hk

By: Ed Adkins

Ed Adkins — Thu, 01 May 2008 19:21:50 +0000

@Dr. Burt Smith: I agree with you- as I also agree with the gist of the post on your site. Thanks for coming by to respond.

@Ashok Thussu: I think your point about different industries having different Strat Planning schedules is really important to this discussion- something i wish I had brought up!

@Troy Green: About the balanced scorecard- yes we do use it and in fact our system, MyStrategicPlan, makes use of the strategy map concept as well as scorecarding methodology. Were you looking for information on the Balanced Scorecard? We’ve got some articles which touch on the concept on our site.

One example is Performance Management and The Balanced Scorecard: Solving the Performance Management Dilemma Through Strategy Maps

Thanks for commenting!

By: Troy Green

Troy Green — Thu, 01 May 2008 18:21:24 +0000

Does anyone use a “Balanced Scorecard?”

By: Ashok Thussu

Ashok Thussu — Fri, 25 Apr 2008 05:35:48 +0000

Well, any strategic planning based on yesterday is not strategic planning at all. The assumption that this is the right approach may have led to the comments.

Strategic planning is to be led by where you want to be in your forseable span of next future years. This span may have horizons of shorter duration for technology led industries or be a couple of years for others.

Strategic planning should also nto be a one time exercise, it has to be dynamic and continued effort.

By: Dr. Burt Smith

Dr. Burt Smith — Fri, 25 Apr 2008 00:21:39 +0000

I heartily, concur, Ed! Thanks for your comments on my BLOG. Well said, here, too! It really all does boil down to execution. If having a detailed plan works for the culture actually GETS executed and gets results, it’s a good thing and is really something to behold!