Goodbye to strategic planning. Hello to ‘agile’ strategy!

Traditional strategic planning is dying.  In today’s dynamic world fewer and fewer organisations practise the conventional process of ‘forecast ahead, prepare 3-year plan, then get staff to implement’.  This rigid, top-down approach is in complete contrast to the approach used today by, for instance, leading tech companies where, using the context of a visionary framework they have defined, goals and actions are decided and reviewed every few months for staff teams, and strategy emerges from their ongoing innovations and tactical decisions.  In effect, strategy merges with tactics.