It’s easier to be busy than strategic
There’s that old truism that any path will do if you don’t know where you’re going and sadly, it’s a maxim that rings true in too many companies and on too many boards when it comes to strategy.
— Governance Matters (@GovernanceMatt) March 2, 2018
For if there’s one thing I’ve learned over my long career, it’s that strategy without quantified measures of outcomes is, as Henry Ford would have said, bunk.
I recall talking to the managing director of a large Sydney-based company whose key responsibility was taking care of a philanthropic fund bequeathed to it and each year deciding which of the many worthy causes applying for a grant from an annual allocation of some $150-million would be successful.