Are five-year strategic plans a waste of time?

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The ground beneath many industries is moving, as new entrants change traditional business models. That means long-term strategy plans may seem like a distraction, but it is still important to make sure every decision is worthwhile.

Every industry is being disrupted. Industry leaders are forced to adapt and be more agile. As the business cycle accelerates, it is not the time to abandon strategy. It has, in fact, never been more critical.

Fahrenheit 212, part of Capgemini Invent, offers insights on shifting strategy timelines in Big Strategy is Dead: Innovation and Strategy for Disruptive Times. The idea and process of strategic planning is changing to accommodate the increased flexibility of assets and technology, people, skills, and customers.

Conventional planning is dead but making strategic choices in a shorter timeframe is more important than ever before.

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