What was the biggest surprise for you in the reading? In other
words, what did you read that stood out the most as different from your
expectations?
The author talks about
strategic planning like a republican talks about climate change. Is it real? Maybe, research says it is but I’m
not a scientist… Think I’m exaggerating?
Here is a quote from the section titled “The Value of Strategic
Planning:”
Does strategic planning
pay off? Research shows it does. A number of studies have focused on the impact
of planning on entrepreneurial firms. These studies support the contention that
strategic planning is of value to a venture. Most of the studies imply—if they
do not directly state—that planning influences a venture’s survival. In one
study of 70,000 failed firms, lack of planning was identified as a major cause
of failure,
- Research shows it does? How about YES… it does…
- These studies support the contention… what’s the other contention? That strategic planning is a waste of time?
- Most studies imply… what is that? I’ve never heard a study imply anything. Either it says it or it doesn’t; it’s research not an episode of Two and a Half men…
Identify at least one part of the reading that was confusing to
you.
I’m not entirely sure
during the portion on the “Lack of Strategic Planning” why the author didn’t chastise
a bit more those that would scale back strategic planning for the reasons
portrayed. Strategic planning and
analytical insights are two of the most important factors in endeavoring on a
new venture. Yet the author came back
with a “On the other hand, many benefits can be gained from such planning.” As if to say it’s good but if your time is
really too scarce then it isn’t pivotal.
It’s Pivotal!!
If you were able to ask two questions to the author, what
would you ask? Why?
Is it extremely necessary
to have as complex of a diagram for the strategic management process? I’m not
asking for the silver bullet but the reality is that the process is either
twice as complicated as that in the “weeds” of it or half as complicated as
that at the “forest” level. Otherwise I’m
still on strike from asking questions.
Seriously there isn’t one TA that’s answered a question yet… this is
getting crazy.
Was there anything you think the author was
wrong about? Where do you disagree with what she or he said? How?
I’m
not a huge fan of this chapter. It
should have been a major component.
After all if nothing else hasn’t this entire entrepreneurial class been
about setting up a strategic plan for our ventures? How do we sell it? Who do we sell it to? What
are the competitors? Yet this chapter is
now backing off one of the largest portions of a successful entrepreneur. Do you think companies like Amazon, Facebook,
Apple, or Google made it a day without a strategic plan?
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