Why Strategies Fail

Question 1

Reasons for strategies failing

Answer 1

The wrong objectives are set. 
The data may not have been easily available.
Data may be badly analysed. 
The implementation can go wrong. 
The progress of the plan is misread.

Question 2

Planned strategy definition

Answer 2

The strategy the managers intend to implement

Question 3

Emergent strategy definition

Answer 3

The strategy that actually develops overtime.

Question 4

Reasons for strategic drift.

Answer 4

Failure to identify changes that are occurring and or failure to react quick enough.
Could be due to pressures against change internally being so great.

Question 5

Strategic drift definition

Answer 5

When the strategy of the business no longer matches the environment in which it operates.

Question 6

Outline process of environmental change and strategic drift.

Answer 6

Phase 1: incremental drift
Phase 2: strategic drift
Phase 3: flux
Phase 4: transformational change or death.