– Thoughts on Strategy and Management

Improving strategic planning

In terms of strategic planning issues, new survey results have been published by McKinsey. In July and August 2006 McKinsey Quarterly conducted a survey and received 796 responses from a worldwide panel of executives.

According to this survey,

  • most companies have a formal strategic planning process but do not use it to make major business decisions and
  • only less than half of respondents are satisfied with their organisation’s approach to make strategic decisions.

The survey results can be found on the McKinseyQuarterly website. If you are not a reader of this journal, you can get a direct access to the pdf-file with the survey results on the website of the California State University, Fullerton.

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