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Strategy Planning Enablers

In: Focus

Author

Listed:
  • Vikas Mittal

    (Rice University)

  • Shrihari Sridhar

    (Texas A&M University)

Abstract

The inhibitors described in Chap. 7 can be effectively addressed using a broader and different approach that goes beyond awareness, leadership training, and executive coaching. It involves using seven strategy enablers that represent a mix of specific logic-based reasoning approaches, scientific analysis systems, and strategy processes that can “un-inhibit” the inhibitors. Enablers ensure the strategy process becomes a positive catalyst for strengthening the link between strategy planning and financial performance. Notably, the enablers are not based on the usual prescriptions that making senior executives smarter with better problem-solving abilities will magically improve strategy planning. Rather, the enablers are factors that must be incorporated in the strategy process at all levels: replacing salience-based decisions with a scientifically developed strategy map, working to develop consensus on the components of the strategy map, developing their measures, relying on experts to calculate the give-get weights of each linkage, and then accepting the results of the strategy analysis setting aside one’s ego, biases, and salient thoughts.

Suggested Citation

  • Vikas Mittal & Shrihari Sridhar, 2021. "Strategy Planning Enablers," Springer Books, in: Focus, chapter 8, pages 127-141, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-70720-0_8
    DOI: 10.1007/978-3-030-70720-0_8
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