Don’t waste too much time on strategic planning. Instead you should Fail Fast and adapt to new conditions rapidly.
At university I had courses in business strategy. In general I’m happy that I have a Masters Degree in Economics and IT. However, a lot of what we learned isn’t applicable on daily basis.
I’ve found my own version of a business strategy – a Fail Fast strategy that I stick to instinctively. In my experience a Fail fast approach can be much more useful than heavy strategies.
In my experience a good business strategy is:
• A general direction
• A plan that people actually follows
• A flexible strategy – so you can adopt fast
Please feel free to ask questions about strategy and I’ll try to answer as best as I can.
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