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The days of fixed 5 year strategic plans are over. So, how many years should they be? There's no one magic number. A solution? Thinking more like futurists by balancing the short and long-term simultaneously with a time cone rather than a time line: 1. Tactics (1-2 years) - Actions based on most certainty ↳ E.g., identifying a new customer segment. 2. Strategy (2-5 years) - Actions based on less certainty ↳ E.g., defining priorities. Tactics must fit here. 3. Vision (5-10 years) Actions based on way less certainty ↳ E.g., developing the workforce of the future. 4. Systems-level evolution (10+ years) Actions based on extreme uncertainty ↳ E.g. imagining the evolution of an entire industry. As someone who firmly believes strategy is never done, thinking like a futurist can help because the cone considers multiple horizons, integrates the section before, and crucially moves forward as it's always reset in the present day based on insights gained. Call it a time cone, call it thinking like a futurist, or perhaps just call it common sense in a rapidly changing world. What do you think? Is it game over for the 5 year strategic plan? How do you encourage flexibility? Share your views. ------------------- 👍 React to support 💬 Comment with your views ♻️ Please repost this to also help others ➕ Follow me, George Paras💡for more strategy Credit Amy Webb and Future Today Institute. ----------------------- 🙏 𝐏.𝐒. 𝐈 𝐡𝐚𝐯𝐞 𝐚 𝐬𝐦𝐚𝐥𝐥 𝐟𝐚𝐯𝐨𝐮𝐫 𝐭𝐨 𝐚𝐬𝐤. 𝐄𝐧𝐣𝐨𝐲𝐞𝐝 𝐭𝐡𝐢𝐬 𝐨𝐫 𝐣𝐮𝐬𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐝𝐨 𝐬𝐨𝐦𝐞 𝐠𝐨𝐨𝐝? 𝐈 𝐚𝐦 𝐬𝐞𝐞𝐤𝐢𝐧𝐠 𝐦𝐲 𝐧𝐞𝐱𝐭 𝐜𝐚𝐫𝐞𝐞𝐫 𝐦𝐨𝐯𝐞 - 𝐞𝐯𝐞𝐫𝐲 𝐥𝐢𝐤𝐞, 𝐜𝐨𝐦𝐦𝐞𝐧𝐭 𝐨𝐫 𝐫𝐞𝐩𝐨𝐬𝐭 𝐡𝐞𝐥𝐩𝐬. 𝐓𝐡𝐚𝐧𝐤 𝐲𝐨𝐮.