What goes into a strategy? What makes it either good or bad? In simple terms, a strategy is a way to deal with a problem or challenge. A good strategy must therefore identify the challenge to be overcome and design a way to overcome it.
The three elements of a good strategy
In order to spot a good strategy, you should look out for these three important elements:
Other elements of a good strategy include:
The elements of a bad strategy
There are four major hallmarks of a bad strategy which include:
Use these pointers to evaluate your strategy, and determine if your business has a well-formed strategy or if correction needs to be done. Strong strategic planning is the first step towards effective execution.
Collagis is committed to helping businesses like yours to optimise workforce and organisational effectiveness. We'd love to hear from you to share how we can help you build clear and effective strategies for your business.
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